News and Analysis

NEW YORK (Reuters) – Hertz Global Holdings Inc (HTZ.N) won a bankruptcy auction for the assets of Advantage Rent-A-Car, a lawyer representing Advantage said on Wednesday. Hertz won the auction with a $30.3 million bid for 25 leases and airport concession agreements held by Advantage, its website and some of its trademarks at an auction […]

Hunter Defense Technologies Inc., a Solon, Ohio-based maker of solutions for the military and homeland security markets, has acquired Vertigo Inc., a Lake Elsinore, Calif.-based maker of engineering solutions for the aerospace, defense and tech markets. No financial terms were disclosed. Metalmark Capital bought Hunter Defense in 2007 from Behrman Capital for $350 million.

Clearview Capital has acquired a majority stake in Woodridge, Ill.-based EN Engineering, from Epstein and Nicor Energy Ventures. The deal was valued at $35 million, including a $3 million earn-out.

(Reuters) – Fidelity National Information Services Inc (FIS.N) agreed to buy Metavante Technologies Inc (MV.N) for about $2.94 billion in stock, to create the world’s largest provider of integrated payment and financial processing services. “While FIS will benefit from Metavante’s strong footprint in the U.S. and solid reputation for tightly integrated products, FIS will grant […]

Bounty Group Ltd., a portfolio company of Barclays Private Equity, has agreed to buy the UK business of Kaboose Inc. (TSX: KAB), a family-focused media company. The deal is valued at approximately £54 million, including around £10 million in assumed debt. In a related deal, Kaboose is selling its North American assets to Disney Online for approximately $23.3 million.

Acorn Growth Cos. has acquired Integrated Composites Inc., a Marina, Calif.–based maker of composite aircraft components and structures. No financial terms were disclosed, except that Peninsula Capital provided mezzanine financing.

High Road Capital Partners has acquired Accentus Inc., an Ottawa-based provider of outsourced medical transcription and editing services in Canada. No pricing terms were disclosed for the transaction, which included senior debt from Bank of Montreal and subordinated debt from Bank of Montreal Capital Corp.

Union Subcontractors Inc., an Edina, Minn.-based installer of residential and commercial products, has filed for Chapter 11 Bankruptcy protection. In a statement, the company said that it has agreed on a debt-for-100% equity swap with its lenders. Such a deal would wipe out Wind Point Partners, which bought Union Subcontractors in 2004.

NEW YORK (Reuters) – Bridgepoint Education Inc BPI.N disclosed the terms of its $202.5 million IPO on Wednesday, with the deal’s pricing expected in mid-April. Bridgepoint, a San Diego-based provider of online and in-class education services, which initially filed in December without the terms, said in a regulatory filing it plans to sell 13.5 million […]

The hits just keep coming for Apollo Management, which is now being sued for allegedly concealing problems at Linens 'n Things. The plaintiff is fellow private equity firm Levine Leichtman Capital Partners, which operates a leveraged loan fund that held around $43.5 million of senior secured notes in the now-bankrupt retailer. In the complaint filed March 20, LLCP accuses Apollo of making materially false statements about Linens 'n Things' fiscal health. For example, Apollo allegedly neglected to reveal that some of its credit agreements were in default: