Mattress Firm, a mattress retailer owned by J.W. Childs Associates, has agreed to acquire Mattress Pro, a mattress chain with 35 locations in Texas and Nevada. No financial terms were disclosed. www.mattressfirm.com
Senior Solution, a provider of software for the Brazilian financial services market, has acquired rival Intellectual Capital. No financial terms were disclosed. Senior Solutions shareholders include Stratus VC and the Brazilian National Development Bank. www.seniorsolution.com.br
Advanced Communications Technologies Inc. (OTC BB: ADVC), a New York-based provider of reverse logistics for consumer electronics, has acquired Vance Baldwin Electronics, a Fort Lauderdale, Fla.-based OEM parts distributor. The deal was largely financed by a $30 million PIPE infusion from H.I.G. Capital and the issuance of senior and subordinated notes to a syndicate arranged […]
Travelport Ltd., a owner of travel services company Galileo and Orbitz.com, has completed its $1.4 billion acquisition of travel-booking service Worldspan. Blackstone Group and Technology Crossover Ventures bought Travelport from Cendant earlier this year for $4.3 billion. Court Square Capital and Teachers' Private Capital bought Worldspan in 2004 for around $900 million from Delta Airlines, […]
SunGard has completed its acquisition of VeriCenter Inc., a Houston, Texas-based provider of managed services, application hosting and IT infrastructure outsourcing. No financial terms were disclosed. SunGard was acquired in 2005 by seven private equity firms, while VeriCenter had raised around $23.5 million in VC funding from BMC Software, Broadband Venture Partners, Intel Capital and Pharos Capital […]
Medio Systems Inc., a Seattle-based provider of mobile search and advertising solutions, has acquired mobile advertising firm Suhari LLC for an undisclosed amount. Medio Systems has raised nearly $40 million in VC funding since 2005, from Mohr, Davidow Ventures, Accel Partners, Frazier Technology Ventures, Venture Law Group, Dot Edu Ventures and Trilogy Equity Partners. www.medio.com
Ply Gem Industries Inc., a Kearney, Mo.-based maker of residential construction and renovation products, has agreed to acquire CertainTeed Corp.'s vinyl window and patio door business. The deal will be financed via a combination of cash on hand and borrowings against Ply Gem's $75 million revolving credit facilities. It is expected to close later this […]
Last week, cancer drug company Adnexus Therapeutics was announcing that it had raised $15.5 million in Series C funding. Today it’s filing for an $86.25 million IPO. Call me cynical, but I’m not so sure Adnexus is itching to go public. Instead, it seems like a company positioning itself to be acquired. Waltham, Mass.-based Adnexus has […]
Questex Media Group Inc., a Newton, Mass.-based B2B media company owned by Audax Group, has acquired Oxford Publishing Inc., an Oxford, Miss.-based producer of food and beverage event “The Show.” Oxford also publishes Nightclub & Bar Magazine. No financial terms were disclosed. www.questex.com
Turnaround firms have enough dry powder to support a major offensive. Now the question is whether the downturn they’ve been stockpiling for is finally at hand. Fund-raising by firms that take active roles in distressed situations, either as creditors or owners, has really gathered steam in the last few months. Together such firms have raised […]