News and Analysis

FRANKFURT, May 23 (Reuters) – Loss-making German chipmaker Infineon Technologies AG (IFXGn.DE: Quote, Profile, Research) is in talks with Dutch peer NXP [NXP.UL] to forge “closer cooperation”, German newspaper Handelsblatt said on Friday, citing unnamed sources. The talks, which are in a “sensitive” phase, were not about a takeover but focused on how the companies […]

What: Citigroup and Spain’s Abertis Infraestructuras are co-leading a $12.8 billion bid to privatize the Pennsylvania Turnpike, a toll road that stretches 532 miles from the Ohio state line to the New Jersey state line. The Pennsylvania state legislature still needs to approve the offer, which will total $14.5 billion once committed working capital is […]

nGenera Corp. (fka. BSG Alliance), an Austin, Texas-based provider of on-demand enterprise software, has acquired Talisma Corp., a Bellevue, Wash.-based provider of customer interaction management software. No financial terms were disclosed.   nGenera has raised over $63 million in VC funding from Oak Investment Partners, Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures. Talisma […]

Adrenaline Family Entertainment Inc., an amusement park operating company, has acquired Alabama Adventure in Bessemer, Alabama, from Southland Entertainment. No financial terms were disclosed. Adrenaline is majority-owned by Angelo, Gordon & Co., and led by a team of former Six Flags executives.    PRESS RELEASE Adrenaline Family Entertainment, Inc. announced today the acquisition of Alabama […]

Warburg Pincus has completed its $100 million PIPE with Nuance Communications Inc. (Nasdaq: NUAN). The firm purchased approximately 5.76 million Nuance shares at $17.36 per share. The transaction closed in conjunction with Nuance's acquisition of eScription, a provider of computer-aided medical transcription software.    PRESS RELEASE Nuance Communications, Inc. (NASDAQ: NUAN), the world's leading supplier […]

Mindjet Corp., a San Francisco-based provider of software that lets people organize and express their ideas visually, has acquired a project management software application from Gantt Solution. No financial terms were disclosed. Mindjet has raised over $20 million from 3i and Investor Growth Capital.   PRESS RELEASE   Mindjet

Ascension Insurance Inc., a Kansas City-based insurance and employee benefits agency focused on mid-market companies nationwide, has acquired Employers Mutual of Stuart, Florida. No financial terms were disclosed. Ascension Insurance is a portfolio company of Parthenon Capital and Century Capital Management.   PRESS RELEASE   Ascension Insurance, Inc. has announced the acquisition of Employers Mutual, […]

PE-backed bankruptcies are on the rise, which means that firms should pay particular attention to a preliminary ruling handed down last week in Delaware. It related to the manner in which McCown De Leeuw & Co handled the wind-down of portfolio company The Brown Schools. Specifically, certain Brown Schools creditors believed that McCown De Leeuw […]

Banks financing the BCE deal are now seeking to renegotiate the terms of their agreement, according to The NY Times. Gee, who could have seen that coming? This could prove a very different situation than what we saw in the case of Clear Channel, although the lenders’ professional vacancy remains intact. First, there is now […]

SunGard has acquired Strohl Systems Group Inc., a King of Prussia, Pa.-based provider of business community planning software and services. No financial terms were disclosed. SunGard was acquired in 2005 by seven private equity firms, while Payformance has raised around $26 million in VC funding from firms like ABS Capital Partners, Wachovia Capital Associates and […]