The Blackstone Group is getting some bad press for a company it hasn't owned in four years. Today, the Daily Mail is reporting that Southern Cross Healthcare, one of the largest care homes operators in Europe, is in dire straits and may need a government bailout.
The private equity firm Thoma Bravo has sold Portage, Mich.-based Manatron, which makes tax automation and land registry software, to the information conglomerate (and peHUB parent) Thomson Reuters. Financial terms were not disclosed. Thoma Bravo, which has offices in Chicago and San Francisco, acquired Manatron through a take-private transaction in 2008 and has led six […]
NEW YORK, June 2 (Reuters) – Bank of America Corp spun off its last large private equity fund as it complies with post-crisis financial reform, creating North Cove Partners with more than $6 billion under management. North Cove will manage private equity investments on behalf of Bank of America and other investors, it said on […]
Wellesley, Mass.-based Trillium Capital said Thursday that it had submitted a proposal to buy Stream Global Services Inc. The firm offered $4.65 per share in cash, plus assumption or replacement of its $200 million high yield bonds due 2014, the firm said in a written release. Stream Global provides business process outsourcing services. Kaufman Bros. is Trillium’s financial advisor on the deal.
Jones Group Inc. has acquired UK-based luxury shoe retailer Kurt Geiger from buyout shop Graphite Capital, Reuters reported Thursday. The deal is valued at about $350 million, including assumption of debt, Reuters said.
Artel Inc., a provider of in information technology and managed communications network services, said Thursday that it had inked an equity investment from Torch Hill Investment Partners and TPG Growth – the middle market and growth capital platform of TPG Capital. Terms of the deal were not disclosed. Artel provides secure, high-reliability satellite and terrestrial communications solutions to government and commercial customers.
The Canada Pension Plan Investment Board paid $482 million for a 50% stake in a shopping mall near Melbourne, Reuters reported Thursday. The Canada Pension Plan will partner with Australia's Colonial First State Retail Property Trust, which owns the remaining 50% stake, to manage the center. This is the third such deal for CPPIB in recent weeks. In mid-May, the board said that it paid $386 million for a 50% stake in a German shopping and leisure center. At the same time, it bought 36.9% of Mayflower partnership, which owns a portfolio of 13 regional malls located in the United States.
New Mountain Capital has completed its majority investment in SymphonyIRI Group Inc., the company announced Thursday. Terms of the investment were not released. SymphonyIRI Group, formerly named Information Resources, provides software for market measurement and software and services designed to provide growth opportunities in marketing, sales, shopper marketing and category management. Jefferies & Company and BofA Merrill Lynch acted as financial advisors to SymphonyIRI.
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The Gores Group is in talks to buy more than half of the remaining stores of bankrupt bookseller Borders Group Inc., Reuters reported, citing a story in the Wall Street Journal. Borders, which filed for Chapter 11 bankruptcy protection in February, would be able to continue operating as a going concern, Reuters wrote. Since filing for bankruptcy, Borders has closed about 225 of its 500 stores.