Waud Capital Partners has acquired Reimbursement Management LLC, a Phoenix-based provider of provider of revenue cycle management services focused on Medicaid receivables. No financial terms were disclosed.
Microsoft Corp. announced that it will sell Greenfield Online’s Internet survey business to an affiliate of ZM Capital for an undisclosed amount. The sale would come after Microsoft completes its acquisition of Greenfield Online in Q4, with ZM lining up leveraged financing from NewStar Financial, CIT and VSS Structured Capital. PRESS RELEASE Microsoft Corp. and […]
Mercapital and Merrill Lynch are reported to have made a joint €500m bid for Spanish dental clinic group Vital Dent. Spanish daily Expansion cited a source close to the deal saying that the two had teamed up and made the highest offer so far for the 430-strong dental clinic chain. French buyout firm PAI Partners […]
Once a limited process, the stake sale of apparel maker Tory Burch has been opened to a wider pool of private equity bidders, peHUB has learned. The company’s namesake, Tory Burch, and her ex-husband and business partner, Christopher Burch, had hired Goldman Sachs to shop the business, but disagreements over fees led the duo to move forward with Lehman Brothers as its sell-side adviser. (Goldman was connected to Christopher Burch; Lehman’s connections were with Tory Burch.) Women’s Wear Daily reported in July that bidding for the 30% stake had been narrowed to Bear Stearns Merchant Banking and TSG Consumer Partners, though the sale hinged on the firms’ willingness to pay Tory Burch’s steep asking price.
Platte River Ventures has acquired Hetsco Inc., a Greenwood, Ind.–based provider of repair and maintenance services for brazed aluminum plate-fin heat exchangers. No financial terms were disclosed for the deal, which was done in partnership with company management. PRESS RELEASE Platte River Ventures announced today that it acquired all of the outstanding stock of […]
SAN FRANCISCO (Reuters) – Nevada Chemicals Inc (NCEM.O: Quote, Profile, Research, Stock Buzz) said on Friday it has agreed to be acquired by Calypso Acquisition Corp and a fund managed by U.S. private equity firm Oaktree Capital Management for about $94 million in cash. The offer price of $13.37 per share represents a 36 percent […]
LONDON (Reuters) – Private equity firm CVC has made its biggest ever equity investment of 1.6 billlion euros ($2.29 billion), which it has used to fund its acquisition of a minority stake in German chemicals, power generation and real estate conglomerate Evonik RUHR.UL, banking sources said. The equity investment will be supplemented by a 1.2 […]
NEW YORK/LONDON (Reuters) – Ireland’s Elan Corp (ELN.I: Quote, Profile, Research, Stock Buzz) is seeking second-round bids for its drug delivery unit in an auction likely to be won by a private equity buyer rather than a rival drug firm, people familiar with the situation said. Fresh bids for Elan Drug Technologies (EDT) are due […]
TORONTO (Reuters) – Teranet Income Fund (TF_u.TO: Quote, Profile, Research, Stock Buzz) said on Friday it has formed a special committee to examine a hostile takeover bid by Borealis Infrastructure Management, worth more than more than C$2 billion ($1.9 billion). Borealis, an investment unit of OMERS, one of Canada’s largest pension plans, said on Thursday […]
LONDON, Sept 5 (Reuters) – The private equity consortium rebuffed in its bid for British publishing group Informa Plc (INF.L: Quote, Profile, Research, Stock Buzz) could return with a slightly higher offer, a source close to the situation told Reuters on Friday. The publisher of the shipping publication Lloyd’s List on Thursday rejected a reduced […]