*** Marlin Equity Partners has acquired the Battery Systems business of Tyco Electronics Inc., for $25 million. Tyco had disclosed the sale in a May 10-Q filing, but without naming the buyer. No word yet on if Marlin paid the entire $25 million in cash, or if it secured leveraged financing. [Update: No leveraged financing was used]
The newly-independent company has been renamed Palladium Energy, and is based in Naperville, Illinois. It makes and tests custom battery packs for use in portable electronics, including smart phones, GPS devices, medical devices and measurement equipment.
*** Diamond Castle Holdings has invested an undisclosed amount into Beacon Health Strategies, a Woburn, Mass.-based provider of behavioral healthcare management. A regulatory filing indicates that Beacon recently received $2.63 million in new equity funding, but that would seem extremely light for Diamond Castle, which is investing out of a $2 billion fund.
Diamond Castle pros Daniel Clare (senior managing director) and Michael Langer (vice president) are both listed as board members, while Clare is the only listed “executive.” Both Clare and Langer also sit on the board of Managed Health Care Associates, a Florham Park, N.J.-based alternate site group purchasing organization.