Activist hedge fund Elliott Management Corp said it offered to buy network gear maker Riverbed Technology Inc for $3.08 billion in cash, Reuters reported.
Private equity firm Halifax said Wednesday that it has recapitalized Golden State Overnight. Halifax teamed up with GSO's management for the transaction. No financial terms were disclosed. GSO is a provider of overnight shipping solutions for California, Nevada and Arizona.
SiriusDecisions said Wednesday that it has secured an undisclosed amount of funding from JMI Equity. John Neeson and Richard Eldh, managing directors and co-founders of SiriusDecisions, will retain their majority stakes in the company and continue to lead it. Also, the company has named Harry Gruner, founder and managing general partner of JMI, and David Greenberg, a principal of JMI, to its board of directors. Based in Wilton, Conn, SiriusDecisions is a b2b research and advisory firm.
Prospect Capital Corp. said Wednesday that it provided $40 million in debt financing to support Wellspring Capital Partners' recapitalization of Crosman Corp. Also, Prospect provided a loan to back Clearlake's buy of PrimeSport. No financial terms were disclosed for this transaction. Based in East Bloomfield, NY, Crosman is a maker of airguns, airsoft guns and related accessories. PrimeSport is a sports, travel and event management company.
Forest Laboratories is nearing an agreement to acquire specialty pharmaceutical company Aptalis Holdings from private equity firm TPG Capital for about $3 billion, writes Reuters. Aptalis has a number of drugs that treat cystic fibrosis and gastrointestinal disorders, and sells its products primarily in North America and Europe.
Private equity firm Dering Capital is in advanced talks to buy French broadcasting masts operator TDF and is the last remaining bidder after a Canadian consortium dropped out, Les Echos reported on Wednesday, writes Reuters. Sources told Reuters in October that Dering had submitted a slightly higher first-round bid of about 3.6 billion euros ($4.9 billion) than the group led by Canadian pension fund PSP Investments.
Prospect Partners and Schilling Ventures have announced the recapitalization of Cyclonaire Corporation, a provider of pneumatic conveying systems, in partnership with management. Cyclonaire is the seventh platform company in Prospect Partners’ $200 million third fund and the third investment for Schilling Ventures.
Freeman Spogli & Co has made a minority investment in Arhaus, a lifestyle retailer of home furnishings. Financial terms of the transaction were not disclosed.
After 22 years with ORIX USA, including 10 as CEO, Jim Thompson has launched his own firm, Preston Hollow.
Vance Street Capital has acquired Tactical Micro from Relativity Capital, an Arlington, Virginia-based private equity firm. Terms of the transaction were not disclosed.