Wilks Broadcast Group LLC, a platform acquisition company of The Wicks Group of Cos., has completed its $138 million acquisition of radio stations in Kansas City and Columbus, Ohio from CBS Corp. (NYSE: CBS). The stations are: KFKF(FM), KBEQ(FM), KMXV(FM) and KCKC(FM) in Kansas City, and WLVQ(FM), WHOK(FM) and WAZU(FM) in Columbus. www.wicksgroup.com
The Qualicaps Group, a global supplier of capsules and capsule filling and sealing equipment, has agreed to acquire Pharmaphil Inc., an Ontario, Canada-based manufacturer of empty gelatin capsules. No financial terms were disclosed. Qualicaps is a portfolio company of The Carlyle Group. www.qualicaps.com
Goldman Sachs is not prohibiting club deals in the $10 billion auction for General Electric’s plastics unit. Moreover, it could care less about the sleepy Department of Justice “inquiry” into private equity collusion. Forgive my declaratives, but something needed to be said after the Wall Street Journal incorrectly published the following in yesterday’s edition (sorry for the delayed […]
Corrigo Inc., a Wilsonville, Ore.-based provider of on-demand service management solutions, has acquired Aligo Inc., a San Francisco
Panorama AS, a Norway-based jewelry retailer controlled by Norvestor Equity, has acquired Gullaren and Ivar T. Holth. No financial terms were disclosed. Gullaren is a jewelry retailer with 42 stores, while Ivar T. Holth is a wholesaler. http://www.panoramagruppen.no/
Activa Capital will merge portfolio companies Materne, a French fruit compote and jam business, with Mont Blanc, a French cream dessert business. http://www.activacapital.com/
A Biomet Inc. shareholder has sued four private equity firms — Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. and Texas Pacific Group — and the company’s board of directors over a proposed $10.9 billion buyout. You can read the complaint here: Lawsuit against Biomet and Four PE Funds.pdf The lawsuit’s claims are typical […]
Now updated with ACG/Thomson press release and underlying data Last month, I asked PE Week Wire readers (become one here) to participate in the Bi-Annual ACG/Thomson DealMakers Survey. The official results come out tomorrow, but since everyone was so generous with their time, we got a sneak peak: Ninety-three percent of respondents (1,230 in all) believe that the current […]
Tranzact, a Fort Lee, N.J.-based provider of customer acquisition solutions to the financial services and media and telecom sectors, has acquired The Credo Group, a Warminster, Pa.-based provider of e-distribution services to the insurance industry. No financial terms were disclosed. Tranzact is a portfolio company of Halyard Capital. www.tranzact.net
Renal Advantage Inc., a Brentwood, Tenn.-based provider of dialysis services, has completed its previously-announced acquisition of RenaLab from Fresenius Medical Care North America. No financial terms were disclosed. RenaLab is a Jackson, Miss.-based independent clinical laboratory with administrative offices in Nashville. Renal Advantage is backed by Welsh, Carson, Anderson & Stowe. www.renaladvantage.com