News and Analysis

NEW YORK (Reuters) – Blackstone (BX.N), TPG Capital [TPG.UL] and Bain Capital are among private equity firms eyeing a stake in wireless network equipment maker Nokia Siemens Networks, sources familiar with the situation said. Plans to invest in the firm, owned by Nokia (NOK1V.HE) and Siemens (SIEGn.DE), are at an early stage, the sources said. […]
(Reuters) – A group led by former all-star pitcher Nolan Ryan and a minor league baseball team owner made a new bid to buy the bankrupt Texas Rangers in a move that would block an auction for the Major League Baseball team set for next week. The Rangers’ bankruptcy court-appointed chief restructuring officer, William Snyder, […]
Healthcare has seen a spate of PE-backed deals this week, and sector deal volume is expected to keep rising. On Friday, THL Partners said it was buying Intermedix, a provider of emergency billing services, from Parthenon Capital Partners. Water Street Healthcare Partners also announced its purchase of Medical Specialties Distributors. Other recent examples
The Charterhouse Group inked its second sale this year with a deal to sell NewPath Networks Inc. to Crown Castle International. Crown Castle, a Houston cellular tower operator, is buying all of NewPath, including stakes held by Charterhouse, NewPath Chairman Bill Marraccini, and Meritage. The deal is expected to close in roughly 60 days.
(Reuters) Oaktree Capital, a senior debtholder in German aluminum company Almatis, ratcheted up its fight against Almatis’s equity owner, Dubai International Capital, over the best way to restructure the bankrupt company, according to court documents. Oaktree objected to Almatis’ continued use of cash collateral, which companies need to cover operating costs and other expenses while […]
(Reuters) – The auction for Italian business management software group TeamSystem will conclude within weeks, with Sage (SGE.L) heading the field with a bid of up to 650 million euros, people familiar with the matter said. British accountancy-software group Sage is vying with private-equity groups Cinven and HgCapital to buy the business from U.S private equity […]
Silver Lake Partners has agreed to acquire a 62% indirect equity stake in Allyes Online Media Holdings, the Internet subsidiary of Focus Media Holding Ltd. (Nasdaq: FMCN). The deal is valued at $124 million.
Water Street Healthcare Partners has acquired Medical Specialties Distributors LLC, a Stoughton, Mass.-based provider of infusion products, supplies, biomedical services and technology solutions to the home infusion therapy market. No financial terms were disclosed. MBF Healthcare Partners was the seller.
The Sterling Group has acquired a majority stake in CCCG LLC, including subsidiaries Express Integrated Technologies and Express Metal Fabricators. No pricing terms were disclosed. BNP Paribas provided debt financial. Tulsa-based Express makes heat transfer, environmental compliance and sound suppression equipment.
THL Partners announced an agreement to acquire Intermedix Corp., a provider of revenue cycle management solutions for emergency services providers, from Parthenon Capital Partners. No financial terms were disclosed. peHUB first reported on the deal earlier this week.
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