Spire Capital said Monday that it has sold its portfolio company Just Marketing InternationaI to Chime Communications for $76 million. Rothschild served as financial advisor to JMI in the transaction. With offices in Indianapolis, London and Hong Kong, JMI is a motorsports-focused marketing firm.
Francisco Partners said Monday that it has closed its buy of McKesson Automation from McKesson Corp. No financial terms were disclosed for the transaction, although some outlets report the value to be at $52 million. McKesson Automation has been renamed Aesynt. Based in Cranberry Township, Penn., Aesynt is a provider of pharmacy automation solutions for hospitals and health systems.
Velti said Monday that it has agreed to sell its mobile marketing businesses in the U.S., UK and India as well as some of its U.S. based advertising businesses to GSO Capital Partners, Blackstone's credit division. The transaction is expected to close before the end of 2013. Under terms of the deal, Velti has filed for chapter 11 while GSO has committed to provide up to $25 million in financing.
The Carlyle Group said Monday that it has completed its buy of Metropolitan Real Estate Equity Management. No financial terms were released. Based in New York City, Metropolitan is a manager of indirect investments in global real estate.
Chinese IT services provider iSoftStone Holdings Ltd said the chief executive and his backers have cut their buyout offer by 7 percent after it reported a second-quarter loss and warned of further losses, Reuters reported.
Telecom components maker Anaren Inc said it would be acquired by Veritas Capital Fund IV for about $381 million, Reuters reported.
BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday.
The Riverside Company has acquired Paradigm Tax Group in partnership with management. Paradigm is a provider of property tax consulting services for commercial property owners with 31 offices across the US. Paradigm specializes in analyzing its clients’ real and personal property portfolios to identify potential tax-saving opportunities.
Thoma Bravo has completed its acquisition of Empirix. Empirix helps service providers, mobile operators and enterprises master complexities within their networks.
Abacus Finance Group provided $18 million in senior secured credit facilities to support the leveraged buyout of Kason Corporation, a manufacturer of industrial screening and process control equipment, by private equity firm Baird Capital. Abacus was joined in the financing by mezzanine partner Fifth Street Finance, and legal counsel was provided to Abacus by Goulston & Storrs, LLP.
pehub
pehub

Copyright PEI Media

Not for publication, email or dissemination