News and Analysis

The Blackstone Group has set terms for its initial public offering, just one day after confirming that it would sell a $3 billion non-voting stake in its management company to the government of China. The IPO terms work out to around 133.33 million common units being offered at between $29 and $31 per unit, which […]
Warner Music Group will offer EMI Group a sweetener of up to Gbp100 million if its latest bid for the troubled British music group is blocked by regulators, according to a report in The Sunday Times. The report said the size of the payment reflects the confidence of Edgar Bronfman, Warner's chairman, that a Gbp4.6 […]
ReAble Therapeutics Inc., a rehabilitation and orthopedic device company, has agreed to acquire Iomed Inc. (AMEX: IOX), a manufacturer of drug-delivery devices used primarily for the management of pain. Iomed shareholders would receive $2.75 per share in cash, for a total transaction value of approximately $22 million. ReAble was taken private last November by The […]
Main Line Broadcasting, a portfolio company of Arlington Capital Partners, has agreed to acquire ten radio stations from Radio One Inc. No financial terms were disclosed for the deal, which includes stations in the Louisville, Kentucky and Dayton, Ohio markets. www.mlbroadcasting.com
Active Interest Media Inc., an El Segundo, Calif.-based enthusiast media company, has acquired Backpacker Magazine for an undisclosed amount. AIM was formed in 2003 by Wind Point Partners. www.aimmedia.com www.backpacker.com
Pearlman Industries Inc., a Commerce, Calif.
Deltek Systems Inc., a Herndon, Va.
Last night I appeared on CNBC’s Fast Money program to discuss what public investors should look for in buyout-backed IPOs. I can’t yet find the video, but that’s OK because watching me prattle on is almost worse than reading me prattle on… Anyway, the umbrella answer is that there is no perfect formula for such things, from […]
Citigroup Venture Capital has sold FastenTech Inc. to Doncasters Group Ltd. for approximately $492 million. FastenTech is a Minneapolis
Olympus Partners has agreed to sell Bermuda-based specialty insurance company Talbot Holdings Ltd. to Validus Holdings Ltd., a fellow insurance company backed by Aquiline Capital Partners, Goldman Sachs, New Mountain Capital and Vestar Capital Partners. No financial terms of the sale were disclosed. Talbot will serve as Validus' principal operation in the direct insurance market […]
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