Lyceum Capital has agreed to acquire Carewatch Care Services from publicly-traded Nestor Healthcare Group PLC, for £37 million. Barclays is providing leveraged financing for the deal, which is subject to approval of Nestor shareholders. Carewatch provides home-based social care services in the UK.
NBC Universal, Bain Capital and The Blackstone Group have completed their $3.5 billion acquisition of The Weather Channel from Landmark Communications.
Capital for Business, a private equity unit of Commerce Bancshares, has acquired SoTel Systems, a Maryland Heights, Mo.-based provider of enterprise telecom equipment. No financial terms were disclosed for the deal, which was first reported by the St. Louis Business Journal.
NEW YORK (Reuters) – Washington Mutual’s plans for another big write-down, along with its declaration that it has enough capital to survive, soothed some investors and analysts who feared the housing crisis might cripple the lender. The largest U.S. savings and loan institution said late on Thursday it expected to set aside $4.5 billion for […]
WASHINGTON (Reuters) – Shares of Washington Mutual Inc (WM.N) whipsawed on Friday amid conflicting reports that JPMorgan Chase & Co (JPM.N) was in talks to acquire the battered savings and loan institution. The American Banker trade paper first reported that JPMorgan was in advanced talks to acquire WaMu. An industry source later told Reuters: “They […]
JPMorgan Chase & Co (JPM.N) is in advanced discussions to acquire Washington Mutual Inc (WM.N), a source familiar with the discussions said on Friday. “They are in advanced talks,” the source told Reuters. The source said the sensitive talks had been going on for some time and JPMorgan had conducted a lot of due diligence […]
Twenty-four hours ago, I was convinced that KKR was even money to buy a 55% stake in Lehman Brothers’ investment management arm. Then near market close came news that the entire Brotherhood was for sale, which appeared to leave KKR holding an empty bag (kind of like when it wanted to go public last year, […]
Hammond Kennedy Whitney & Co. have acquired FURminator Inc., a Fenton, Mo.-based maker of pet-grooming tools, according to LBO Wire. No financial terms were disclosed.
Private equity firms are understood to be in pole position to acquire Alcan Engineered Products, a subsidiary of Anglo-Australian mining group Rio Tinto. A banking source told Thomson Reuters that a deal is imminent, with private equity likely to buy the supplier of customised alloys for aircraft for approximately £2bn (US$3.55bn). US private equity giants […]
US Renewables Group and renewable energy tech company Novo Energy LLC have partnered to form Novo Development Co., a developer, owner and operator of waste-to-energy projects. No financial terms were disclosed. The new company will be led by Tomas Campone, former president and COO of Indeck Energy Services Inc.

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