News and Analysis

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 […]
Fintiles is seeking to acquire Italian ceramic tile maker Marazzi SpA. Fintiles is an investment group owned by Filippo Marazzi, and private equity firms Permira and Private Equity Partners. Fintiles has offered EUR 7.15 per share for the company, a premium of 14% on Monday's share price. Permira and Private Equity Partners invested in Marazzi […]
Strands, a Corvallis, Ore.
PHNS, a portfolio company of Nautic Partners, has acquired AmeriVault Corp., a provider of managed data protection and offsite storage services. No financial terms were disclosed. AmeriVault was advised by Madison Parker Capital.   PRESS RELEASE Madison Parker Capital is pleased to announce that AmeriVault Corporation (“AmeriVault”) has been acquired by PHNS, a portfolio company […]
Allegro Media Group, a producer of audio and video content, has raised $37 million in new funding. The round includes equity from existing shareholder Canterbury Park Capital, and a subordinated note and revolving line of credit from U.S. Bank. Allegro also announced that it has acquired Softland Corp., the exclusive distributor of audio and video […]
FRANKFURT, May 14 (Reuters) – The chairman of German chipmaker Infineon (IFXGn.DE: Quote, Profile, Research) has talked with private equity group KKR's Europe chief about a merger between Infineon and KKR-owned chipmaker NXP, a newspaper reported on Wednesday. The Financial Times Deutschland (FTD) daily said such an entity would have annual sales of over 10 […]
The Clear Channel saga headed into its final chapter at 11:11 last night, when the company announced that the financing dispute over its buyout had been resolved. Bain Capital and THL Capital will now pay $36 per share to acquire Clear Channel, as opposed to the standing $39.20 per share. In exchange, they will pay […]
SOA Software Inc., a Los Angeles-based provider of SOA and Web services management, security and governance solutions, has acquired LogicLibrary, a Pittsburgh-based SOA repository and governance vendor. No financial terms were disclosed.   SOA has raised over $40 million in VC funding since 1998, from firms like Draper Fisher Jurvetson, Redpoint Ventures, Mellon Ventures, Paladin […]
GlobalLogic Inc., a Vienna, Va.?based provider of outsourced software product engineering services, has acquired Dalian 3CIS, a China-based software development company. No financial terms were disclosed. GlobalLogic has raised nearly $50 million in VC funding from firms like Sequoia Capital India, New Atlantic Ventures and New Enterprise Associates.    PRESS RELEASE GlobalLogic, Inc., the leader […]
Update: CNBC and others reporting a settlement has been reached, with the banks funding the buyout at $36 per share (agreement was for $39.20 per share). Could a deal finally be in the works between Clear Channel and its reluctant lenders? That’s the market read this morning on news that related legal proceedings have been […]

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