HealthcareFirst, an acquisition platform sponsored by The Riverside Co., has acquired Lewis Computer Services, a Baton Rouge, La.-based provider of software for the home health agency market. No pricing terms were disclosed. Wells Fargo Capital Finance provided the senior financing, while THL Credit provided junior debt.
The Riverside Co. has sold Houston-based environmental consultancy Entrix Inc. to Cardno Ltd. (ASX: CDD). No financial terms were disclosed, except that Riverside reports a 20% gross IRR and 2.8% gross cash-on-cash return.
Adlevo Capital Managers has held a $52 million first close on a fund that will make expansion equity investments in African tech-enabled companies. A final close in expected in Q1 2011.
PNC Equity Partners has acquired Wheaton Industries Inc., a Millville, N.J.-based maker and re-packager of laboratory supply and packaging products. No pricing terms were disclosed. Madison Capital Funding and Amalgamated Capital provided senior debt, while Babson Capital Management provided subordinated notes.
Beringea has sold its stake in Plum Baby, a maker of organic baby food, to Darwin Private Equity. No financial terms were disclosed.
Jon Atzen has joined the Los Angeles office of Sheppard, Mullin, Richter & Hampton LLP as a partner focused on emerging companies. He previously was a partner with DLA Piper.
(Reuters) – One of the best ways to get inside the head of British private equity boss Guy Hands is to study what gift he gives for Christmas. For years, Hands has sent friends and business associates a book he has recently read along with a letter discussing the work. The gift is designed to […]
(Reuters) – London-listed Brit Insurance (BRE.L) has rejected a takeover approach from U.S buyout group Apollo that valued the insurer at more than 570 million pounds, the Financial Times reported on its website on Friday. Citing people close to the situation, the FT said Apollo had made an indicative offer of 10 pounds a share […]
Reinhold Industries Inc., a maker of aircraft seating components and aerospace solutions, has acquired Enpro Engineered Products Inc., a supplier of custom designed and manufactured components for the commercial aircraft industry. No financial terms were disclosed. Reinhold Industries is owned by The Jordan Company.
NEW YORK (Reuters) – Private equity firm TPG Capital agreed on Thursday to buy Vertafore, which provides software and services to the insurance sector, from rivals Hellman & Friedman and JMI Equity for a total of $1.4 billion. Hellman & Friedman, which has raised more than $25 billion of committed capital since its founding in […]