Hey Canada: I’ll be on BNN’s SqueezePlay program this afternoon at 5:10 ET, for a conversation about the mega-LBO market. We’ll talk Dow Chemical, fund sizes and more…
Verso Technologies Inc. (Nasdaq: VRSO) has agreed to acquire SentitO Networks Inc., an Acton, Mass.-based provider of voice gateway and signaling solutions for telecom service providers. The deal is expected to close later this month, with SentitO backers to receive 7.7 million restricted shares of Verso common stock (2.2 million subject to escrow provisions) and […]
ICICI Venture Capital has sold its 3.25% stake in listed Indian carrier Deccan Aviation to UBS Securities Asia for approximately $7.5 million.
Segulah has completed a recapitalization of portfolio company Dacke PMC, a provider of hydraulic equipment and engineering solutions to the Nordic market. No financial terms were disclosed.
Bruckmann Rosser Sherrill & Co. is planning a $145 million refinancing for portfolio company Il Fornaio (America) Corp., according to LBO Wire. The capital would be used to fund a dividend payout and refinance existing debt. Il Fornaio is a Corte Madera, Calif.-based Italian restaurant and bakery chain. www.ilfornaio.com
Eli Lilly & Co. has completed its $315 million acquisition of Hypnion, a Lexington, Mass.
Alcatel-Lucent (NYSE: ALU) has agreed to acquire substantially all the assets of Tropic Networks Inc., an Ottawa-based metro-WDM networking supplier. No financial terms were disclosed. Tropic Networks had raised around $156 million in total VC funding since its 2000 inception, from firms like Celtic House Venture Partners, Crescendo Ventures, Goldman Sachs, Kodiak Venture Partners, Ontario […]
Ev3 Inc. (Nasdaq: EVVV), a Plymouth, Minn.-based developer of catheter devices for the endovascular treatment of vascular diseases and disorders, has filed for a $175 million secondary offering of common stock. Shareholders Warburg Pincus and The Vertical Group are offering up $125 million in the deal, which would reduce their combined ownership stake from around […]
Comcast (Nasdaq: CMCSA) has agreed to acquire Patriot Media & Communications, a Greenwich, Conn.-based owner and operator of cable systems in central New Jersey. The deal is valued at approximately $483 million in cash, and is expected to close in the third quarter. Patriot Media is owned by Spectrum Equity Investors, Spire Capital and veteran […]
Concentra Health Services Inc., an Addison, Texas-based provider of occupational healthcare services, has sold its workers' compensation managed care services business units to Coventry Health Care Inc. (NYSE: CVH) for $387.5 million. Concentra is a portfolio company of Welsh Carson Anderson & Stowe. www.concentra.com