News and Analysis

Robert Sheehey, former CEO of UnitedHealthcare, has joined the board of Evolution1, the electronic payment and cloud computing healthcare solutions firm overseeing reimbursement accounts, the company revealed. Evolution1 is a portfolio company of private equity firm Genstar Capital Partners.
H.I.G. Capital said Tuesday that its completed its buy of Next Generation Vending and Food Service. Financial terms weren't announced. Management is retaining a stake. Stoughton, Mass.-based Next Generation Vending provides vending services for corporate and institutional clients in the Northeastern United States.
(Reuters) - Global private equity firm Blackstone is seeking A$431 million ($452 million) financing to back its purchase of Australia property firm Valad Property Group, Thomson Reuters Basis Point reported on Tuesday, citing bank sources.
GTCR, the Chicago PE firm, announced Tuesday it is buying BankServ. Financial terms weren't announced but GTCR typically invests $100 million to $350 million per deal. The buyout shop is acquiring a controlling stake, while BankServ's management will also have a holding. Bank of Montreal, SunTrust Robinson Humphrey, and Silicon Valley Bank are provided debt financing, according to a statement from GTCR. The deal is expected to close by the end of August.
Morgan Stanley Private Equity Asia will invest $100 million in China XD Plastics Co., LTD, a maker of modified plastics for the automotive industry. Based in Harbin, China, the company is listed on Nasdaq. MSPEA will get a pair of board seats as part of the transaction. There are currently 70 auto brands that use China XD parts, including Audi, BMW, Toyota and Mazda
Centre Lane Partners has acquired the Merit Group, a Spartanburg, S.C.-based supplier of paint sundries. Centre Lane is paying $46 million for Merit, which filed a voluntary Chapter 11 petition on May 17, 2011. News of the sale was disclosed by Morgan Joseph TriArtisan which advised Merit in its sale.
Socialware, the Austin, Texas-based social media management firm, has netted a $7 million Series C from Morgan Stanley Expansion Capital. The company, led by Chad Bockius, has taken about $12 million from investors including Silverton Partners, Floodgate Fund and G-51 Capital.
Dr. Lucy, the maker of gluten-free cookies, based in Norfolk, Va., will take its second in a series of capital investments from LaSalle Capital Group II-A LP. The company makes cookies without wheat, gluten, dairy, butter, eggs, casein, peanuts or tree nuts. Specifics on the deal were not publicized.
(Reuters) – U.S. investment bank Goldman Sachs Group Inc and Canada Pension Plan Investment Board have decided to join private equity firm MBK Partners in a bid for Woori Finance Holdings Co Ltd, the country head of MBK Partners said. Yoon Jong-ha told Reuters in an interview that in the race for South Korea’s biggest […]
BuyWithMe, the Boston-based daily deals site, acquired ScoopSt, the New York-based daily deals site. Specifics of the transaction were not publicized. Lately, BuyWithMe has grown via M&A, including deals to acquire Groop Swoop, DealADayOnline and LocalTwist. BuyWithMe is backed by VCs Bain Capital Ventures and Matrix Partners.
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