LLR Partners, a Philadelphia PE firm, said Tuesday that it has invested $24 million into VectorLearning. Tampa, Fla.-based VectorLearing is the parent of RedVector and Care2Learn.
Hooters Casino Hotel will seek financial restructuring through a Chapter 11 bankruptcy petition, the company revealed. The company is not affiliated to Hooters of America, which is majority-owned by HIG Capital, peHUB reported.
Saturday Capital, a St. Louis-based lower middle market private equity fund, has acquired Code Red, a provider of first aid and automated external defibrillator training to companies nationwide. Terms of the deal were not released.
SmileCare, which is backed by private equity investor Liberty Partners, has been acquired by Coast Dental Services Inc. Terms were not released. Harris Williams & Co. acted as the exclusive advisor to SmileCare. Santa Ana, Calif.-based SmileCare operates 57 dental practices in California, Nevada and Texas.
After reports of buyout interest in women’s clothing retailer Talbots Inc., the company has opted for a "poison pill" stockholder rights plan, Reuters reported. The plan allows Talbots to issue shares at a discount to all other shareholders if a single investor buy a stake higher than 10%. Such a plan makes it more difficult for a buyer to launch a hostile takeover. Reports Monday stated that private equity shop Sycamore Partners was interested in buying Talbots.
AlixPartners has acquired Boston-based consulting firm Mercatus. Terms of the deal were not released. Mercatus advises financial institutions including retail banks, wealth management firms and payments providers on business growth decisions, and advises private equity firms on retail financial services investments, the company said in a written release.
Nelson Global Products, which is backed by Chicago-based private equity firm Wind Point Partners, has acquired the assets of Morton Industries and its affiliate Bradley Services. Nelson is a designer and manufacturer of exhaust components and tubes used in emissions, coolant, heating, air intake and exhaust handling applications. Morton Industries is a provider of tube assemblies and machined components to the off-road market. Terms of the acquisition were not released.
They Did It! The debt deal passes the House Hangin’ Around: KKR eyes KBL Uh-oh: European VC activity down More Job Cuts: Barclays will also reduce headcount
The Carlyle Group says it will pay $137 million in Haier Electronics Group Co., Reuters reported. Carlyle will invest through convertible bonds and has an option to invest another $57 million when warrants are exercised. Along with other investments in the company Carlyle will have a right to securities representing approximately 9 percent of Haier, Reuters wrote.
Fresenius Medical Care is spending a combined $2.09 million to acquire private equity-backed Liberty Dialysis Holdings, and the smaller American Access Care Holdings, Reuters reported. Germany-based Fresenius will pay $1.7 billion for Liberty Dialysis, which is currently controlled by buyout firms KRG Capital Partners and Bain Capital. The deal includes about $1 billion in assumed debt. American Access Care Holdings, which operates 28 vascular access centers for preparing patients for dialysis, sold for $385 million, Reuters wrote.
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