H.I.G. Capital has completed its acquisition of Allion Healthcare Inc. (Nasdaq: ALLI) for $278 million, including the assumption or repayment of $79 million of indebtedness. The $6.60 per share sale price represented a 21.32% premium over Allion's closing price prior to the original deal announcement. Allion provides pharmacy and disease management services focused on HIV/AIDS patients, plus specialized biopharma medications and services to chronically ill patients.
NEW YORK (Reuters) – Time Warner Inc (TWX.N), Lions Gate Entertainment (LGF.N) and private equity firms are among those weighing potential offers for the debt-ridden MGM studio, but no bids have come in yet, several sources familiar with the matter said. First-round bids are due this Friday, and the 12 companies that signed MGM’s confidentiality […]
Lincolnshire Management has acquired two aviation training companies: Sanford, Fla.-based Delta Connection Academy Inc. and Burnsville, Minn.-based Aerosim Technologies. No financial terms were disclosed. The two companies will operate under a common holdco named Flight Training Acquisitions LLC.
NetWitness Corp., a Herndon, Va.-based provider of network forensic analysis products, has raised an undisclosed amount of growth equity funding from Summit Partners. The company previously raised VC funding from Alsop Louie Partners, and its CEO is former In-Q-Tel boss Amit Yoran.
Evriholder Products, a branded housewares portfolio company of CID Capital, has acquired licensed housewares company A. Aronson Inc. No financial terms were disclosed.
FRANKFURT (Reuters) – Commercial broadcaster ProSiebenSat1 (PSMG_p.DE) may agree to a management buyout for its struggling news channel N24, according to a German media report. “N24’s managing director Torsten Rossmann has informed us that he is developing a concept in concert with Stefan Aust, the former editor of German magazine Der Spiegel,” PrtoSieben Chief Executive […]
Cardinal Agri-Logistics, an acquisition platform sponsored by Huron Capital Partners, has acquired Landes Trucking Inc., a Jacksonville, Ill.-based provider of transportation and logistics services to agricultural processing companies and food manufacturers. Huron committed $20 million to the deal.
Sarnova, a distributor of health care products in the emergency medical services (EMS) and respiratory markets, has acquired CVC Inc., an Arlington, Texas-based provider of products to the acute care respiratory and emergency medical services markets. No financial terms were disclosed. Sarnova is a portfolio company of Water Street Healthcare Partners.
SHS Gesellschaft, a German private equity firm, has acquired a majority stake in TNI Medical AG, German maker of diagnostic and therapeutic equipment for breathing therapy.
Zareba Systems Inc. (Nasdaq: ZRBA) has agreed to a reverse merger with Woodstream Corp., mouse trap and pet cage maker owned by Code Hennessey & Simmons and Brockway Moran & Partners. Under terms of the deal, Zareba would become a subsidiary of Woodstream, with Zareba stockholders to receive $9 per share (nearly a 100% premium to yesterday's closing price). The total deal would be worth around $22.32 million.