News and Analysis

Citigroup Inc. announced that it has agreed to buy Automated Trading Desk $680 million, including more than $102 million in cash. Automated Trading Desk is a Mount Pleasant, S.C.-based developer of automated trading and customized equity execution solutions. The company raised $60 million in equity earlier this year from Technology Crossover Ventures. Founded in 1988, […]
3PD Inc, an Atlanta, Georgia-based logistics company backed by Arcapita, has acquired Affinity Logistics, a home delivery business.
L-com, a Massachusetts-based maker of telecom interconnection components, has acquired HyperLink Technologies, a Florida-based wireless technology specialist. L-com is owned by mid-market private equity firm The Riverside Company.
Active Interest Media (AIM), an El Segundo, California-based publisher, has acquired The Collector's Guide, an annual guide to New Mexico for art lovers, for an undisclosed sum. AIM is owned by Wind Point Partners.
National Britannia Group Limited (NBG), a UK risk management group and portfolio company of mid-market firm Lyceum Capital, has acquired Corporate Health & Safety Solutions Limited (CHSS), a staff training company. NBG was acquired by Lyceum Capital in March 2005. http://www.westpe.com
The Spring Air Co. has acquired Tampa, Fla.-based mattress maker Consolidated Bedding Inc., a portfolio company of H.I.G. Capital. H.I.G. will hold an ownership position in the merged company. www.higcapital.com
ProSiebenSat. 1 Media AG of Germany has agreed to acquire Luxembourg-based SBS Broadcasting SA, in order to form a pan-European broadcaster. The deal is valued at Euro 3.3 billion. KKR and Permira acquired a controlling stake in ProSieben earlier this year, while the two firms also control SBS.
Magnum Semiconductor Inc., a Fremont, Calif.-based supplier of ICs, software and reference platforms for audio and video content, has agreed to acquire the consumer products business of LSI Corp. (NYSE: LSI). No financial terms were disclosed. Magnum recently raised a $27 million Series C round, and has raised a total of $52 million since its […]
International Port Holdings, a portfolio company of Global Infrastructure Partners, a 25% stake in Chennai Container Terminal Private Ltd., a container terminal within Chennai Port on the South East Coast of India. No financial terms were disclosed. CCT was built and developed by P&O Ports and is now operated by Dubai Ports World, which holds […]
Saga, a UK travel and insurance company targeting the over-50s, is to merge with motoring body the Automobile Association to create a Gbp6.15bn (US$12.2bn) group. Existing shareholders in the two companies will remain as investors in the new business. These include private equity houses Permira and CVC, which bought the AA from energy group Centrica […]
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