News and Analysis

I’ve been trying to get my head around something Tony James said during Monday’s Blackstone earnings call. He argued that the past few weeks have caused a PE market shakeout, which has knocked out a variety of peripheral players. The result, he said, would be less competition for deals.  Sorry, but it just doesn’t make […]
Irving Tanning Co. and Prime Tanning Co. have agreed to merge into a single tanning operation with combined annual revenue of over $225 million. Irving is based in Hartland, Maine, and was acquired in 2005 by Meriturn Partners and company management.
“Please don’t report that I’ve joined Cerberus. I think I could be in big trouble if it appears in print. Maybe even fired…” That came from a private equity pro who had sent me a “change of address” email when moving to Cerberus, because I happened to be in his contacts list. Most private equity […]
Wire Rope Corp. of America, a St. Joseph Mo.-based producer and marketer of specialty wire ropes, has agreed to buy German wire rope maker CASAR Drahtseilwerk Saar GmbH. No financial terms were disclosed. Fox Paine bought WRCA last year from KPS Capital Partners.
Aegera Therapeutics Inc., a Montreal-based drug developer, has acquired LymphoSign Inc., and its clinical oncology program that includes a tyrosine kinase inhibitor for acute myelogenous leukemia and other myelopproliferative disorders. No financial terms were disclosed. Aegera also raised a small amount of additional Series C equity funding
Mycroft Talisen Inc., a St. Louis-based provider of identity and access management solutions, has raised $10 million from Petra Capital Partners and Ticonderoga Capital. The funds were used to for working capital, and to support the recent merger of Talisen Technologies and Mycroft Inc.
Veyance Technologies Inc., the former Engineered Products division of Goodyear Tire & Rubber, has expanded its conveyor belt operations by acquiring the assets of the former Industrial Specialty Fabrics of Hogansville, Georgia. No financial terms were disclosed. Veyance was acquired last week by The Carlyle Group for $1.475 billion.
InfuScience Inc., a Gurnee, Ill.
Pegasus Capital Advisors has sold packaging company Salerno Plastics Corp. to a five-partner management group, which is backed by the Solidarity Fund QFL and Capital r
Lenovo Group Ltd. is in talks to acquire Dutch PC maker Packard Bell, which is valued at approximately $800 million. Lenovo is the world's third-largest PC maker, following its 2005 acquisition of IBM's ThinkPad unit. That deal was partially financed by a $350 million private equity infusion from TPG and General Atlantic.

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