News and Analysis

I was on CNBC earlier this morning to discuss possible buyouts of newspaper companies. For the uninitiated, both Tribune Co. and Trinity Mirror are on the block, while various folks have expressed interest in buying the New York Times and/or its Boston Globe subsidiary. My basic point was that these are basically vanity plays – […]
Circle Software Inc., a provider of software solutions for the commercial real estate market, has agreed to merge into Realm Business Solutions Inc., a Houston, Texas-based provider of software and services for managing real estate portfolios. Existing Realm shareholders Insight Venture Partners and Lightyear Capital will provide additional equity for the transaction, although specific financial […]
Eureka Growth Capital has sold Specialty Pharma Inc. to Critical Homecare Solutions, a portfolio company of Kohlberg & Co. No financial terms were disclosed Specialty Pharma is a Cromwell, Conn.-based provider of home infusion and respiratory therapy services, and was advised on the sale by Ewing Bemiss & Co.
Focus Brands, a restaurant franchise acquisition platform backed by Roark Capital Partners, has acquired Schlotzsky's Ltd., an Austin, Texas-based sandwich shop chain. No financial terms were disclosed, except that Schlotzsky's generates $210 million in annual revenue.
It seems that ludicrous/lucrative transaction and management fees aren’t all that HCA disclosed in the 8-K form it filed last Friday with the SEC. Check out this passage that reader Zach noticed on page 12 (the bolding is mine): “In each of the employment agreements with the Executives (exclusive of Robert A. Waterman), the Company also commits to […]
Haggin Marketing Inc., a Sausalito, Calif.
Roark Capital Group of Atlanta recently acquired Schlotzsky’s Inc., an Austin, Texas-based sandwich shop chain with around $210 million in annual revenue. The deal was officially made by Roark-controlled Focus Brands, and is just the latest in a long line of restaurant industry deals this year. So let’s play Five Questions with Neal Aronson, managing […]
In 2001, the Boston Red Sox hiked ticket prices just 24 hours after the New England Patriots had won their first Super Bowl. It was an egregious increase, but no one noticed. People also don’t notice much on the day after Thanksgiving, because they either are suffering tryptophan hangovers or are in pre-stampede mode at […]
LGC Wireless Inc., a San Jose, Calif.-based wireless networking company, has bought the Cellular Mobile business unit of Alvarion Ltd. (Nasdaq: ALVR) for approximately $15 million in convertible notes and the assumption of certain liabilities. LGC has raised around $78 million in total VC funding since its 1996 inception, from firms like Associated Venture Investors, […]
Bain Capital is running out of money. Of course, that’s a bit like saying that an ATM machine is running out of money: Rest assured that someone will show up in the morning to fill ‘er back up. The Boston-based firm had raised $10 billion this past spring, including an $8 billion general fund and […]

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