One Call Care Management, a medical cost containment services company owned by Odyssey Investment Partners is exploring a sale that may fetch more than $1.5 billion, writes Reuters. One Call Care Management has asked Jefferies Group to handle the sale process and contact potential buyers, including private equity firms and companies in the industry, writes Reuters.
Stinger Medical, a manufacturer and provider of mobile clinical workstations and medical technologies known for its technologically advanced power systems, has merged with Canton, Michigan-based Enovate, a manufacturer and provider of mobile and wall-mounted point-of-care work station solutions known for its aesthetics and ergonomically advanced design technologies. Stinger Medical is backed by Riverside Partners.
The Beekman Group has invested in Ted’s Café Escondido Holdings. Financial terms weren't announced. Oklahoma City-based Ted’s Café Escondido is a full-service Mexican/Tex-Mex casual dining restaurant chain.
Jacuzzi Brands said Tuesday that it recapitalized and reduced its debt by about $124 million. As part of the deal, Ares Management, Apollo Global Management and Clearlake Capital Group converted debt to purchase additional equity. Also, Ares converted an additional $25 million of debt into a new subordinated mezzanine loan. Jacuzzi makes and distributes bath and plumbing products.
The Stephens Group has acquired Bay Area Internet Solutions. Financial terms weren't announced. Santa Clara, Calif.-based Bay Area is a data center provider of colocation, managed IT and high speed access services. DH Capital provided financial advice to Bay Area.
A decision on who will acquire Finnish mobile phone company DNA is expected in coming weeks after a handful of private equity firms submitted final-round bids, Reuters reported.
Dell Inc shareholder Yacktman Asset Management threw its support behind Carl Icahn and Southeastern Asset Management's buyout proposal for the PC maker, Reuters reported.
Behrman Capital, a private equity investment firm based in New York and San Francisco, said Tuesday that its portfolio company Atherotech has completed a dividend recapitalization. No financial terms were disclosed. Madison Capital Funding and Regions Bank led the recapitalization, which included a new term loan and a revolving credit facility. Based in Birmingham, Alabama, Atherotech is a provider of advanced cardiometabolic testing services.
Tech Valley Communications, a portfolio company of Riverside Partners, said Tuesday that it has received a new loan. No financial terms were disclosed. GE Capital and Webster Bank served as co-lenders for the transaction. According to Tech Valley, the financing will be used for growth initiatives as well as support for M & A activities. Tech Valley is a provider of fiber optic networks in upstate New York and Northern New England.
Graycliff Partners, a middle market investment firm focused on private equity and mezzanine investments in the U.S. and Latin America, said Tuesday that it has completed an investment in Moss, a portfolio company of Century Park Capital Partners. No financial terms were disclosed. Based in Chicago, Moss is a provider of custom displays to trade show exhibits, events and retail stores.