Perseus LLC has agreed to acquire the Physicians Interactive business of Allscripts Healthcare Solutions Inc. (Nasdaq: MDRX), for an undisclosed amount. Physicians Interactive provides online clinical education programs that enable life sciences companies to reach physicians.   PRESS RELEASE  Allscripts Healthcare Solutions, Inc., the leading provider of clinical software, connectivity and information solutions that physicians […]
Lime Rock Partners and Thompson Street Capital Partners have completed their acquisition of Industrial Rubber Products Inc. (OTC BB: INRB), a Hibbing, Minn.-based maker of protective coatings for the pipeline and industrial markets. IRP stockholders received $16.50 per share. Stifel, Nicolaus & Co. managed the sell-side process. ORIGINAL PRESS RELEASE Industrial Rubber Products, Inc. (Pink […]
FRANKFURT (Reuters) – U.S. car maker Chrysler LLC, run by private equity house Cerberus, expects to sell 33 percent fewer cars this year, German magazine auto motor und sport reported, citing a Chrysler manager. Unit sales will drop to 1.8 million cars this year, down from 2.7 million cars last year, and Chrysler plans to […]
LONDON (Reuters) – Travel reservations company Amadeus Global Travel Distribution’s plans to profit by buying back its leveraged loans at a discount in the beaten-down secondary market are riling investors, senior banking sources said on Friday. Amadeus has asked its lenders to amend its 5.2 billion euro ($7.54 billion) loan to allow it to buy […]
MILAN (Reuters) – Italian banker Matteo Arpe’s Sator private equity fund has struck its first deal, taking a 40 percent stake in Baglioni Hotels with an investment of 30 million euros ($43.52 million), Sator said on Friday. Arpe quit as chief executive of Capitalia last year when the bank was sold by his chairman, Cesare […]
BRUSSELS, Sept 19 (Reuters) – U.S. private equity investment company Gores Group won permission from the EU competition regulator on Friday to buy communications products company Siemens Enterprise Communications from Siemens AG (SIEGn.DE). The European Commission said in a statement that the deal, announced in July, would not have a significant impact on competition in […]
Bloomberg is reporting that Bain Capital and Hellman & Friedman are working together on a deal for Lehman Brothers' investment management business, with an announcement to come as early as today. Each firm last week submitted separate bids of around $4 billion for the unit, which manages over $270 billion in assets. This includes Lehman's $35 billion private equity program, which includes buyout funds, venture capital funds, funds-of-funds and fund placement.
Sun Capital Partners has acquired Gordmans Inc., an Omaha, Neb.-based apparel and home fashions retailer in the Midwestern U.S. No financial terms were disclosed. Gordmans was advised on the deal by Harris Williams & Co.   PRESS RELEASE   Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and […]
AIG Investments has invested new capital into Blue Intercontinental Micro Finance Bank, a JV between Nigeria's Intercontinental Bank and Blue Financial Services, which provides micro-financing services and products into Nigeria's retail market. AIG had previously invested in both Intercontinental Bank and Blue Financial Services. No financial terms were disclosed.
Tricap Partners, a private equity fund managed by Brookfield Asset Management, has acquired MAAX Corp., a Montreal-based maker of bathroom fixtures. No financial terms were disclosed. MAAX had been acquired four years ago for C$640 million by J.W. Childs & Co., Borealis Private Equity and Ontario Municipal Employees Retirement System. It subsequently completed a recap […]
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