Middle-market buyout shop Nautic Partners has acquired Dallas-based Reliant Hospital Partners, an operator of inpatient rehabilitation hospitals. The company operates seven facilities and has two additional hospitals under development. Terms of the acquisition were not released. Nautic Partners has more than $2.5 billion under management.
Car sharing service Zipcar Inc. expects its initial public offering to be priced between $14 and $16 per share, Reuters reported. The company said in an amended filing with the U.S. Securities and Exchange Commission, that it plans to sell 6.6 million shares, while stockholders will sell an additional 1.6 million shares, Reuters reported. Zipcar has raised more than $60 million from venture capital firms including Benchmark Capital, Greylock Partners, Globespan Capital Partners, Meritech Capital Partners and Pinnacle Ventures.
One in, One out: Evan Williams hits the bricks Snitchin’! Adam Smith drops the dime on Raj Rajaratnam Rankings: And not the good kind... the least 100 powerful people And This is Where We Probably Won’t be Listing: Zynga comes to Wall St., brings along social gaming valuation analysts
Good things come to those who wait. Or rather, to PE firms that know when to sell shares. Hertz Global Holdings revealed yesterday that its PE sponsors--Clayton, Dubilier & Rice, the Carlyle Group and Bank of America Merrill Lynch—sold 50 million shares in the company. Hertz did not reveal a price per share but I'm hearing they sold at $15.65 each, or $782.5 million.
BDO Capital Advisors has boosted Dan Shea to the role of managing director. He will remain in BDO’s Los Angeles office. Shea came to BDO after working with Hadley Partners and W.Y. Campbell & Co., as well as Ernst & Young.
The London-based private equity firm Mid Europa Partners has acquired a 49.05% stake in the Central and Eastern European road freight operator Waberer’s. Waberer’s is largest road transport company in Hungary and one of the largest in Europe and generated revenue last year of €331 million, or $467 million. PRESS RELEASE: Mid Europa Partners (“Mid Europa”), the […]
In the biggest run-up to a non-event, the long-awaited IPO from Apollo Management will price later today, a source says. Apollo is offering roughly 26.3 million Class A shares at $17 to $19 each. Apollo itself is selling 18 million shares while certain shareholders are offering about 8.3 million shares. Joint bookrunners on the deal […]
PineBridge Gateway Partners, which invests across Turkey, the Middle East, Africa and the former Soviet Union, has invested an undisclosed amount in Ulusal Faktoring, a non-bank financial services company in Turkey. Istanbul-based Ulusal provides financing to small and medium-sized companies in Turkey. No terms of the deal were released. PineBridge Gateway Partners is a unit of PineBridge Investments.
BOSTON, March 29 (Reuters) – General Electric Co. reached a $3.2 billion agreement to acquire a maker of automation systems used in the oil and gas sector, marking the latest in a series of deals in the energy industry. The largest U.S. conglomerate said its acquisition of Massy, France-based Converteam would boost its offering of […]
Frazier Healthcare has completed its acquisition of the Onsite Services instrument management and repair business of publicly traded CareFusion. Financial terms of the deal were not released. OnSite Services delivers education-based medical instrument repair and instrument management programs to hospital systems domestically, the company said in a statement. The deal was first announced in January.