Emerald Expositions Inc, a portfolio company of Canadian private equity firm Onex Corp, has completed its previously-announced buy of trade show specialist George Little Management LLC (GLM) for US$335 million. The seller was U.S. private equity firm Providence Equity Partners, which acquired the White Plains, New York-based GLM in 2011. Onex Partners III invested US$140 million in the acquisition, with the balance funded by Emerald Expositions with debt. Onex bought the San Juan Capistrano, Calif.-based company, an operator of business-to-business trade shows and conferences, for US$950 million in 2013.
Private equity firms Permira and Ardian are considering listing shares in online travel group Odigeo in Madrid this year, the Financial Times reported on Tuesday, citing sources with knowledge of the matter.
Network gear maker Riverbed Technology Inc rejected hedge fund Elliott Management Corp's $3.08 billion takeover offer and estimated fourth-quarter results above expectations, Reuters reported.
Tregaron Capital, a private equity firm that invests in small to medium-sized businesses in the Western U.S., has bought UST Corp. No financial terms were disclosed for the transaction, which was completed in October 2013. Generational Capital Markets served as an advisor on the deal. Headquartered in Layton, Utah, UST is a maker of dietary supplements and homeopathic drug products.
Summit Partners has acquired a majority stake in Parts Town. No financial terms were disclosed. Bill Reedy and Steve Snower, who serve as Parts Town's founder and CEO respectively, will retain their "sizeable" interests in the company. Metronome Partners served as financial advisor to Parts Town on the transaction. Parts Town is a provider of restaurant equipment parts for the foodservice industry.
Private equity firm Rezon8 has acquired a "sizeable" equity stake in PeriscopeIQ. No financial terms were disclosed. According to PIQ, the capital will be used for sales expansion efforts and strategic acquisitions. Headquartered in Coopersburg, Penn., PIQ is a provider of customer and employee engagement solutions.
Tokyo and New York-based private equity firm Wakabayashi Fund has agreed to provide funding to MIT Holding. No financial terms were disclosed. MIT is a wholesale distributor of pharmaceuticals.
EquityMetrix, a tech-enabled service provider of big data solutions for the oil and gas industry, has received a $5 million growth investment from Peterson Partners. The funding will help the firm develop new services to help manage oil and gas operating companies, among other things.
The Riverside Company has expanded its Paradigm Tax Group platform with two acquisitions in key markets. The new acquisitions are AVS Tax and Hart Property Consultants.
Maxcess International Corporation, a provider of automation instrumentation solutions and systems utilized in complex continuous web-fed converting lines has been sold to Bertram Capital. Harris Williams & Co. acted as the exclusive financial advisor to Maxcess, a portfolio company of Merifin Capital and Windjammer Capital Investors.