MILAN (Reuters) – Seven bidders are on the short list to make binding offers for Italian electronic payments company SIA-SSB, six sources close to the matter said on Friday. The bidders comprise Telecom Italia SpA (TLIT.MI), France’s Atos Origin PA (ATOS.PA), Total System Services Inc. (TSS.N), Bridgepoint Capital Ltd., Advent International, Bain Capital and Cinven […]
NEW YORK (Thomson IM) – A US judge on Thursday approved bid procedures for Lehman Brothers Holdings Inc to sell its investment management division, including Neuberger Berman, in a bankruptcy auction. ‘Allowing this to proceed represents the principal stabilizing force for the business,’ Judge James Peck said at a hearing in US Bankruptcy Court in […]
GTCR has committed up to $200 million in equity capital for the creation of ExcelusHR, a St. Peterserg, Fla.-based acquisition platform focused on the HR information and services industry. The company will be led by John Long, former CEO of First Advantage Corp. (Nasdaq: FADV).
Corinthian Capital Group has acquired Precision Motors Transport Group, an Okemos, Mich.-based provider of transport services for European luxury cars throughout the United States. No financial terms were disclosed. Allegiance Capital Corp. advised PMTG on the sale.
It's the worst deal-making environment in recent history, yet somehow Accel-KKR keeps cranking out new transactions. The firm earlier this week purchased Endurance International, a Burlington, Mass.-based web hosting and management business for an undisclosed amount. It was Accel-KKR's third deal in as many weeks, following the buyout court reporting tech business Alexander Gallo Holdings and the sponsorship of a merger between Amphire Solutions and its portfolio company iTradeNetwork. Plus, Accel-KKR held an oversubscribed close of its third fund. I had to ask, how is the Bay Area firm so prolific in such slow-moving times, and will it continue?
No, that’s not missing a “million” after it. The 20-million circ. publication was sold for one hundred cents to OpenGate Capital. You can’t even buy an issue of TV Guide for that cheap! It prompted me to honor the lower-micro-small-market with Kind Of A Small Deal, a one-time bonus edition of my deal profile column. […]
The Riverside Co. has acquired UV-Vis Metrolab SA, an Argentina-based maker of automated clinical chemistry analyzers for the human medical market. No financial terms were disclosed.
Centre Partners has amended its acquisition agreement with Canadian food-maker Connors Bros. Income Fund, in order to increase the certainty of close.
TORONTO (Reuters) – Teranet Income Fund (TF_u.TO), which holds a monopoly on the electronic land registry in the Canadian province of Ontario, said on Wednesday it withdrew its opposition to an C$11-a-unit hostile bid by Borealis Infrastructure Management because of market conditions. Instead, the fund has left it up to unitholders to make their own […]
Pala Investment Holdings has agreed to acquire a majority stake in Dumas Contracting Ltd., a Canadian mining contractor. No financial terms were disclosed.
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