NEW YORK (Reuters) – Telecommunications company Mitel Networks Corporation filed for an initial public offering of up to $230 million on Tuesday. Mitel Networks, which provides telecom services to small to medium businesses, said it plans to use proceeds from the offering to repay its revolving credit and loans, and for working capital and general […]
Norican Group, a Danish metallic parts enhancement company has completed a financial restructuring. No terms were disclosed, except that the deal involved existing Norican equity sponsors (Mid Europa Partners and Mezzanine Management) and lenders (Nordea, HSH and DnB Nor).
SafeNet Inc., an information security company owned by Vector Capital, has acquired Assured Decisions LLC, a Columbia, Md.-based provider of consulting services to the government’s cyber security community. No financial terms were disclosed. PRESS RELEASE SafeNet, Inc., a global leader in information security, today announced that it has completed the acquisition of Assured Decisions, LLC, […]
NEW YORK (Reuters) – The chief financial officer of CIT Group Inc is retiring, adding another executive search for a board that is already looking for a chief executive officer. CIT, which emerged from one of the largest bankruptcies in U.S. history earlier this month, is looking to re-establish itself as a lender to […]
(Reuters) – In a move seen as a precursor to an initial public offering for Glencore International AG, a group of institutional investors will invest about $2.2 billion into the Swiss commodity trader, the Wall Street Journal said, citing people familiar with the situation. The paper said the deal would likely be structured as a […]
HONG KONG/SHANGHAI (Reuters) – Shares of China Pacific Insurance (Group) Co (2601.HK), the country’s third-largest life insurer, rose 1 percent on their debut in Hong Kong after the Carlyle Group-backed company raised $3.1 billion in the world’s seventh-largest IPO this year. The listing came just after Shanghai produced another huge IPO of its own, with […]
Excellere Partners has completed its acquisition of MTS Medication Technologies Inc. (Nasdaq: MTSI), a provider of medication adherence packaging systems. The deal was valued at approximately $37 million, or $5.75 per share. Raymond James & Associates served as MTS' financial advisor.
NEW YORK (Reuters) – Bankrupt U.S. yellow-pages publisher Idearc Inc (IDARQ.PK) said on Tuesday that a U.S. judge has formally approved its reorganization plan, allowing the company to emerge from bankruptcy by the end of the year. Judge Barbara Houser of the U.S. Bankruptcy Court in Dallas, has signed the order approving its plan following […]
NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co (KKR.AS) has led a team bidding for Erickson Retirement Communities LLC, a bankrupt U.S. retirement community developer holding an auction for its assets on Tuesday, a source familiar with the situation said. The KKR bid, made with private equity management firm Beecken Petty […]
CI Capital Partners has acquired Transplace, a provider of non-asset-based third party logistics and transportation management services. No financial terms were disclosed. Transplace was founded in 2000 by six U.S. freight carriers, and this year will generate more than $700 million in revenue from approximately 650 customers.