(Reuters) – Private equity firm Providence Equity Partners is the frontrunner to acquire university programme provider Study Group with final bids due this week, two people familiar with the matter said Wednesday. The company, which media reports say is worth up to A$600 million ($523.6 million), is being sold by Australian private equity firm CHAMP […]
FRANKFURT (Reuters) – Chemical industry leader BASF (BASF.DE) said it had agreed to buy Cognis for 700 million euros ($939.2 million) and expects the household products additives maker to help it weather economic turbulence. BASF will pay smaller peer Cognis’s private-equity owners Permira [PERM.UL] and Goldman Sachs Capital Partners (GS.N) 3.1 billion euros including debt, […]
Saw Mill Capital Partners has acquired Gateway Packaging, a Granite City, Ill.-based provider of flexible packaging for the pet food and human food markets. No financial terms were disclosed.
Netsmart Technologies Inc., a Great River, N.Y.-based maker of SaaS solutions for health and human services providers, has raised an undisclosed amount of private equity funding from Genstar Capital. The deal represents an exit for Bessemer Venture Partners and Insight Venture Partners.
(Reuters) – IT security company SonicWall Inc (SNWL.O) said in a filing it had been approached by a privately held company to be acquired for $12 a share, trumping an earlier offer from private equity firm Thoma Bravo. Earlier this month, the New York-based private equity firm had offered to acquire the company for $11.50 […]
Linden LLC, a Chicago-based private equity firm focused on healthcare and life sciences companies, has closed its second fund with $375 million in capital commitments, according to LBO Wire. The firm originally went out with a $300 million and $350 million hard cap, but raised the limit due to oversubscription. www.lindenllc.com
Paul Capital is raising upwards of $400 million for a new VC-focused fund-of-funds, according to a regulatory filing. So far it has secured $61.25 million. www.paulcapital.com
Aurora Diagnostics LLC, a Palm Beach Gardens, Fla.-based diagnostic lab and anatomic pathology company in registration for a $150 million IPO, has secured a $335 million credit facility from Barclays Bank. The loan is partially designed to retire other debt, and includes a $225 million senior secured term loan facility and a $110 million senior secured revolving credit facility.
Phil's Fresh Foods, a Boulder, Colo.-based maker of EVOL Burritos, has received its second private equity investment from Revelry Brands. No financial terms were disclosed.
Jason Barg and Trevor Rich have joined Lovell Minnick Partners as senior associates. Barg will work in the firm's Radnor, Penn. office, and previously was part of Goldman Sachs’ financial institutions group. Rich will be based in El Segundo, Calif., and was an alayst in Morgan Stanley's strategic acquisitions group.