I was on CNBC this morning for a 2007 buyout market outlook segment (video link here), but we ended up mostly talking about whether or not Home Depot will go private. For the record, I think there is better than a 50/50 chance of Home Depot receiving a bid – and a similar likelihood that […]
DTN Information Services, an Omaha, Neb.-based provider of information services for the agricultural and energy markets, has acquired The Progressive Farmer magazine from Time Inc. No financial terms were disclosed. DTN is a portfolio company of Veronis Suhler Stevenson. www.dtn.com
Healthy Foods Holdings, a portfolio company of Catterton Partners, has agreed to acquire CoolBrands Dairy Inc., maker of yogurt products under the Breyers and Creme Savers brands, from CoolBrands International Inc. (TSX: COB.A). No financial terms were disclosed. www.cpequity.com
Hanley Wood Inc., a Washington, D.C.
Elder Health Inc., a Baltimore-based provider of health coverage for the elderly, has agreed to acquire Health Partners' senior partners Medicare line of business in Philadelphia and surrounding counties. No financial terms were disclosed. Elder Health last year raised $52.5 million in private funding from firms like New Enterprise Associates. www.elderhealth.com
Swett & Crawford, an Atlanta-based wholesale insurance broker, has acquired the assets of Oxbridge Insurance Associates Inc., a Morristown, N.J.-based property and casualty wholesale broker and managing general agent. Swett & Crawford is owned by its employees, HM Capital Partners and Banc of America Capital Investors. www.swett.com
Nycomed AS, a Danish drug company, has completed its acquisition of Altana AG's pharmaceuticals business for approximately
Graceway Pharmaceuticals, a Bristol, Tenn.-based drug company owned by GTCR, has completed its $875 million acquisition of 3M's pharmaceuticals operations in the U.S., Canada and Latin America. Graceway also has subsumed fellow GTCR portfolio company Chester Valley Pharmaceuticals. www.3m.com www.gtcr.com
My colleagues at Buyouts Magazine are putting the finishing touches on their latest issue, which will include a vast smorgasbord of 2006 data and analysis. In the meantime, they’ve sent over a few tasty nuggets. First up is disclosed LBO deal volume, which comes in at $314.78 billion for 316 transactions (including leverage). There also were 691 deals with undisclosed […]
Healthy Foods Holdings, a portfolio company of Catterton Partners, has completed its acquisition of Van's International Foods Inc., a Vernon, Calif.-based maker and marketer of Van's Waffles. No financial terms were disclosed. www.vanswaffles.com www.cpequity.com