HealthEdge Investment Fund II has acquired a majority interest in The Corridor Group, its second portfolio company in Fund II. Headquartered in Overland Park, Kansas and founded in 1989, The Corridor Group provides consulting, compliance services, executive search, and education tools to the homecare and hospice industries.
Fiserv has acquired Open Solutions, which was backed by the Carlyle Group and Providence Equity Partners. The purchase price was $55 million and Fiserv assumed about $960 million of debt. Fiserv will also receive a tax asset with a net present value of about $165 million. Glastonbury, Conn.-based Open Solutions is a technology provider to banks, thrifts and credit unions.
Dell is in talks with two private equity firms to go private, Bloomberg News reports.
Apollo Global Management LP has begun marketing its latest credit fund, with a $750 million target, according to a regulatory filing, sister magazine Buyouts reported.
Sterling Investment Partners is out marketing for its third fund and is seeking $700 million for the pool.
ArthroCAD said Monday that it completed a Series A round from investors including Edgar Jannotta, a former GTCR managing principal. Financial terms weren't disclosed. Ayer, Mass.-based ArthroCad develops medical devices used in joint replacement procedures.
Lambert Private Equity, the California-based investment firm, established a $75 million equity line with Amvesco Holdings, a Las Vegas-based company. Amvesco is a holding company that makes junior capital investments.
Precise Packaging, a maker of pressurized spray products, has been acquired by Trive Capital, the Dallas, Texas-based PE firm. Specifics of the deal were not publicized. Salem Partners advised the buyer.
CapMan Technology 2007 funds managed by CapMan and other owners of IT2 Treasury Solutions have sold 100 percent of IT2's shares to Wall Street Systems. Prior to the transaction, funds managed by CapMan owned approximately 86 percent of IT2's equity.
Wafra Partners has acquired Phelps Industries. The Peakstone Group served as exclusive financial advisor to Wafra. Terms of the transaction were not disclosed.