Network Communications Inc., a publisher of printed and online real estate information and advertising in North America, has acquired New England Home magazine. No financial terms were disclosed. Network Communications was acquired in January 2005 by Citigroup Venture Capital. www.nci.com
Berean Christian Stores, a Cincinnati-based Christian bookstore chain controlled by JMH Capital, has acquired independent Macon, Ga.-based book retailer Macon Christian Bookstore. No financial terms were disclosed. www.berean.com
The last VC-backed IPOs of Q1 priced yesterday, when SenoRx raised a lackluster $44 million. Overall, 16 VC-backed companies priced on U.S. exchanges during Q1, for a total take of approximately $1.99 billion. This compares to $1.63 billion raised by 20 offerings during the preceding quarter, and just $540.82 million for 10 IPOs in Q1 […]
Travelex, a UK-based currency exchange backed by Apax Partners, has acquired Washington, D.C.-based payment servicing company Ruesch International from Welsh Carson Anderson & Stowe. The deal was valued at $440 million. www.travelex.com www.ruesch.com
Mobilelime Inc., a Watertown, Mass.-based provider of software that lets consumers to make purchases via mobile phones, has acquired Cuesol Inc., a Quincy, Mass.
Chef Solutions Inc., a portfolio company of Questor Management Co., has sold wholly-owned subsidiary I&K Distributors Inc. to Countryside Foods LLC, an entity controlled by private equity sponsor Ramex Inc. I&K products include Yoders deli salads and side dishes and Michigan Brand cottage cheese. No financial terms were disclosed for the deal, on which Chef […]
Lancaster Colony Corp. (Nasdaq: LANC) has sold substantially all of the operating assets of its automotive accessory operations located in Wapakoneta, Ohio to KN Rubber LLC, a portfolio company of private equity firm Kinderhook Industries LLC. No financial terms were disclosed. Products manufactured at this location include pickup truck bed mats as well as truck […]
TricorBraun, a St. Louis
This week is shaping up as a busy one for venture-backed IPOs, with three offerings set to get out the door before the end of the quarter. Aruba Networks, which develops switching technology for large-scale Wi-Fi networks, is looking to raise up to $72 million in an offering on Nasdaq. The Sunnyvale, Calif., company, founded […]
Local Insight Media LP, a portfolio company of Welsh Carson Anderson & Stowe, has acquired Cincinnati-area directories publisher CBD Media, which is backed by Spectrum Equity Partners and Wachovia Capital Partners. Leverage was provided by Wachovia Securities, Lehman Brothers Inc., Merrill Lynch & Co. and GE Capital. No specific financial terms were disclosed, except that […]