TXU shareholders should hold on to their proxy postage, as Thomson Financial is reporting that the company’s $45 billion buyout could be on the verge of collapse. The report says that banks led by Citigroup are thinking long and hard about reneging on their $37.2 billion in debt financing commitments, which included $25.9 billion in […]
AmeriMark Direct LLC, a direct marketing company owned by JH Partners, has agreed to buy Dr. Leonard's Healthcare Corp. from Cortec Group, Baird Capital Partners and Golub Capital. The deal was first disclosed by Moody's Investors Services, which said that it includes $315 million in debt. Dr. Leonard's is an Edison, N.J.-based provider of direct […]
PlattForm Holdings Inc., an Olathe, Kansas-based provider of Internet marketing and enrollment solutions to the post-secondary education industry, has acquired both VentureDirect Worldwide Inc. and Zuma LLC. No financial terms of either deal were disclosed. VentureDirect provides lead generation and customer acquisition services to advertisers and list brokerage, plus provides management services for publishers and […]
The Dow is plunging, credit is crunching and new high-yield issues are looking less likely than a victory in Iraq. If only there was a way to pin it all on Blackstone… But here’s the thing: This isn’t yet the perfect storm that could destroy the buyout rush. All of the above are certainly elements, but […]
Picis Inc., a Wakefield, Mass.-based provider of healthcare software for high-acuity areas of the hospital, has agreed to acquire Lynx Medical Systems, a Bellevue, Wash.-based provider of revenue cycle management solutions to hospital emergency departments. No financial terms were disclosed, except that Goldman Sachs will partially finance the deal through an equity investment in Picis […]
CVI Laser LLC, an Albuquerque, N.M.-based optical components manufacturer, has acquired Melles Griot, a UK
TricorBraun, a St. Louis-based packaging company backed by Code Hennessy & Simmons, has agreed to acquire Ryco Packaging Corp., an Omaha, Neb.-based rigid packaging distributor. No financial terms were disclosed for the deal, which was first reported by LBO Wire. Code Hennessey bought TricorBraun from AEA Investors last year. www.tricorbraun.com
Algeco SA, a French modular construction company owned by TDR Capital, has agreed to acquire Baltimore-based Williams Scotsman International Inc. (Nasdaq: WLSC). Williams Scotsman stockholders would receive $28.25 per share, or a 21% premium to last Wednesday's closing price. The total deal is valued at around $2.2 billion, including $1.24 billion in equity. Williams Scotsman […]
BlueSocket Inc., a Burlington, Mass.-based provider of WLAN security and management systems, has acquired Pingtel Inc., a Woburn, Mass.-based provider of IP telephony platforms for businesses. No financial terms were disclosed. BlueSocket has raised around $67 million in VC funding since 1999, from Vesbridge Partners, Menlo Ventures, Boulder Ventures, Ascent Venture Partners, Ridgewood Capital and […]
R.J. O'Brien & Associates LLC has agreed to merge with fellow futures brokerage Iowa Grain Company. Both companies are members of the Chicago Mercantile Exchange and Chicago Board of Trade. No financial terms were disclosed for the deal, which is expected to close by August 31. R.J. O'Brien is owned by Spectrum Equity Investors and […]