News and Analysis

In case you haven’t heard, Clear Channel and its prospective buyers – Bain Capital and Thomas H. Lee Partners – late yesterday sued six banks for refusing to fund the protracted $19.5 billion deal. The suits were filed in New York and Texas, with the primary difference being that the plaintiffs asked for the death […]
Expocrete Concrete Products Ltd., an Alberta, Canada-based concrete products maker owned by Tricor Pacific Capital, has acquired Weldon's Concrete Products Ltd., a  Saskatchewan-based masonry, hollow core and concrete pipe manufacturer. No financial terms were disclosed. www.expocrete.com
The $19.5 billion Clear Channel Communications (CCU) buyout is going to court, in what may be the first ever case of buyout firms suing bankers for failing to consummate a transaction. Clear Channel and its two prospective buyers — Bain Capital and Thomas H. Lee Partners — late this afternoon filed complaints in both New York […]
Lovejuice, a UK-based smoothie and juice bar operator, has acquired Barefruit Juice, a juice bar chain operating in Northern England. No financial terms were disclosed. Lovejuice is a portfolio company of Smedvig Capital.   PRESS RELEASE Smedvig Capital, the London-based private equity company active in development capital for growth businesses, is pleased to announce that […]
Lots of reports out there about how the $19.5 billion Clear Channel buyout is on the verge of collapse. Seems the bankers just won’t pull the trigger. Well, unless you mean the trigger to a gun that would kill the deal – which they apparently are threatening to do. The result, of course, would be […]
Multi Packaging Solutions, a portfolio company of Bear Stearns Merchant Banking, has acquired Innovative Folding Carton from ICV Capital Partners and the 21st Century Group. No financial terms were disclosed, except that the sale represented a 2x equity return for the sellers. Innovative Folding Carton is a South Plainfield, N.J.-based provider of custom, specialty and […]
UK private equity firm Sovereign Capital has backed its social housing services company Kinetics Group to acquire The Lord Group. Lord is a Rochdale-based fabric maintenance provider to the Greater Manchester social housing sector. Following several significant acquisitions, Kinetics Group has grown from a US$64m (Gbp32m) revenue business in 2006 to a company with annual […]
Lab21, a UK-based provider of health and environmental diagnostics, has acquired NPTech Ltd., a provider of diagnostic testing services for the British NHS and private healthcare providers in the UK and parts of Europe. No financial terms were disclosed. Lab21 has raised VC funding from firms like Merlin Biosciences and Kreos Capital.   PRESS RELEASE  […]
Senior Care Centers of America, a portfolio company of Clearview Capital, has acquired Preston House Adult Day Care, a provider of care to elderly and disabled adults in the Hartford, Conn. area. No financial terms were disclosed.   PRESS RELEASE   Clearview Capital, LLC has completed the acquisition of Preston House Adult Day Care, which […]
What a difference a year makes. Last March, credit markets were wide open and each week seemed to bring a new multi-billion buyout. At that time, the biggest challenge facing private equity firms was coping with rising multiples and the frantic pace of dealmaking. Today, as the credit markets struggle and the economy slows, it’s […]
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