Randolph "Randy" Friedman is launching an investment firm, Friedman Capital, that will focus on North American distribution and healthcare services sectors. Friedman is the former CEO of Harvard Drug Group, a generics pharmaceutical distributor. Friedman Capital will invest the personal capital of the Friedman family and offer co-investment opportunities to high net worth and institutional investors. Washington D.C.-based Friedman Capital will invest in operating companies with $10 million EBITDA to $50 million EBITDA.
Terumo Corp. will pay $2.6 billion to buy U.S. medical device company CaridianBCT from a Swedish firm Gambro, Reuters reported. The deal would make the largest acquisition by a Japanese medical device maker, Reuters wrote. Gambro is jointly controlled by Investor AB and private equity funds manager EQT IV.
North Plains LLC, a provider of digital asset management software, has closed an undisclosed amount of growth equity from Accel-KKR. Terms of the deal were not released. Accel-KKR was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core investment strategy.
Good times for financial sponsors backing the natural gas industry are in the rearview mirror. Private equity firms, taking advantage of the sluggish financing market last year and in 2009, struck joint venture deals with domestic natural gas producers who suffered from limited access to capital in the recession’s wake, injecting billions into drilling companies […]
Online fashion retailer Privalia is buying Germany's Dress for Less in an effort to expand its internet clothing business, Reuters reported, estimating the value of the deal between 150 million and 200 million euro ($210-280 million). Financial terms of the deal were not released, though Privalia has said that it’s raising 88 million euros ($123 million) for the deal from private equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners, Reuters wrote.
Private equity group PAI Partners said that it is continuing talks with several candidates for its 50% stake in yogurt maker Yoplait, and that it hopes to select a buyer by the end of March, Reuters reported. China’s Bright Foods remains among the contenders for the stake.
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Today's hot rumor has nothing to do with private equity. Well, at least not yet. I'm hearing that Savvis, the information tech services provider, has hired Qatalyst Partners, three sources say. Savvis, which denied in January that it was in sales talks, is now in discussions with some anonymous parties, one person says. Another source says that Qatalyst's hiring isn't "definitive."
Private investors love a bargain right about now. Family Dollar had to reject a $7 billion offer from Nelson Peltz to remain listed, but in the middle market, it appears a little easier to complete a deal. Golden Gate Capital exited its four-year investment in Apogee Retail, the Minnesota-based retailer of secondhand goods, selling the […]
Clearview Capital’s Senior Care Centers of America struck a deal to acquire the adult daycare division of South Jersey Health Systems. The transaction marks the seventh buy for Senior Care since Clearview Capital acquired it in 2005.