Galen Partners has acquired and merged two providers of medical imaging equipment: Barrington Medical Imaging LLC and Echoserve Inc. The Golden, Colo.-based parent company is called Medical Imaging Holdings Inc. No financial terms were disclosed.
LONDON (Reuters) – Japanese brewer Suntory has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments. Suntory will pay 2.6 billion euros ($3.85 billion) for Orangina, two sources familiar with the situation said, allowing Blackstone Group (BX.N) […]
NEW YORK (Reuters) – Education Management Corp is set to price its planned $380 million IPO in early October and become the latest private equity-owned firm to go public during the current stock market rally. EDMC, which initially filed in December 2007 to go public, said in an updated prospectus filed on on Monday with […]
Palladium Equity Partners has acquired Capital Contractors Inc., a Melville, N.Y.-based based provider of janitorial and facilities maintenance services. No financial terms were disclosed, exept that Palladium provided both equity and debt.
NEW YORK (Reuters) – The UK’s leading maker of methadone, used to treat opiate addiction, has attracted interest from a number of private equity groups, the Financial Times reported on Sunday. Martindale Pharamceuticals was put up for sale by its parent Cardinal Health (CAH.N) in June, according to a transcript of a conference call the […]
NEW YORK (Reuters) – The Minneapolis Star-Tribune is poised to exit bankruptcy by the end of September after a federal bankruptcy judge approved a reorganization plan that gives ownership of Minnesota’s largest newspaper to its senior lenders. Judge Robert Drain of U.S. Bankruptcy Court in Manhattan on Thursday approved the plan, which calls for a […]
PARIS (Reuters) – Vivendi (VIV.PA) on Monday declined comment on whether it was likely to sell its 20 percent stake in NBC Universal this year, which could pave the way for a possible initial public offering of the U.S. media group. “Vivendi has no comment to add to what (Chief Executive) Mr Levy has said,” […]
FRANKFURT (Reuters) – The mail-order division of insolvent German retailer Arcandor (AROG.DE) is likely to be sold in October, a spokesman for the administrator said, confirming a report that a sale was on the cards in the coming weeks. Joerg Nerlich, who is a part of the insolvency administrator team, had said last Friday that […]
HONG KONG (Reuters) – Wumart Stores Inc (8277.HK), a major Chinese retailer backed by TPG Capital, is in the final stages of talks to acquire smaller rival Times Ltd (1832.HK) for about $600 million, a moved aimed at boosting Wumart’s national network, people familiar with the situation said on Monday. Times was also in talks […]
SHANGHAI/HONG KONG (Reuters) – An investment arm of Goldman Sachs (GS.N) is in talks with Chinese car maker Geely Automotive (0175.HK), which has been linked with both Volvo and Opel, to buy about $250 million of the company’s convertible bonds and warrants, two sources said. “The two sides have basically agreed on the investment in […]