WestView Capital Partners, a Boston-based private equity firm focused on growth equity opportunities the middle markets, has closed its second fund with $325 million in capital commitments. Probitas Partners served as placement agent.
NEW YORK (Reuters) – Spectrum Equity Investors-backed website Ancestry.com Inc (ACOM.O) priced its initial public offering of 7.4 million shares at $13.50 per share on Wednesday, within the expected range. Ancestry.com, which operates a website that allows people to trace their family roots by scouring online records, will begin trading on Nasdaq under the symbol […]
FRANKFURT (Reuters) – VEM, the owner of German generic drugmaker Ratiopharm, said it was satisfied with the first-round offers received for the forced sale of the unit, indicating that bidding could turn competitive. A spokesman for the Merckle family investment vehicle VEM said on Thursday it was positively surprised by the number of bids, which […]
BONN (Reuters) – German commercial broadcaster ProSiebenSat.1 Media AG (PSMG_p.DE) remained vague on targets for the full year after it reported a third-quarter core profit that missed expectations. ProSieben said on Thursday it saw increasing signs of economic stabilisation but would stay conservative in its planning because the market environment remained difficult. Chief Executive Thomas […]
STOCKHOLM (Reuters) – Swedish biotechnology group Biovitrum (BVT.ST) said on Thursday it had signed a deal to buy drug firm Swedish Orphan, jointly owned by holding company Investor AB (INVEb.ST) and private equity firm Priveq. Biovitrum said in a statement it had agreed to pay an upfront consideration of 3.5 billion Swedish crowns ($493.2 million) […]
NEW YORK, Nov 5 (Reuters) – Leveraged buyouts struck by Cerberus Capital and Apollo Management performing worse than deals by other private equity firms such as Kohlberg Kravis Roberts & Co., a report by Moody’s said on Thursday. Moreover, mega-deals have fared badly on average, said the report, which studied 186 deals structured during the […]
NEW YORK (Reuters) – Shares of Hyatt Hotels Corp will price on Wednesday and are set to start trading on Nov. 5, a day earlier than previously planned, according to some of the company’s underwriters. The company had earlier intended for the pricing of shares for its initial public offering to take place Thursday and […]
BlackEagle Partners and Building Industry Partners have agreed to buy three regional operations from Stock Building Supply, a Raleigh, N.C.-based supplier of building products to professional builders and contractors. The seller was Gores Group, which acquired SBS out of bankruptcy earlier this year. No financial terms were disclosed for the deal, which includes operations in Central New York, Connecticut and Wisconsin.
(Reuters) – Physical rehabilitation services provider RehabCare Group Inc (RHB.N) said it agreed to merge with privately held Triumph HealthCare, a long-term acute care hospitals operator, for about $570 million, to create the fourth-largest U.S. post-acute hospital operator. RehabCare said it will finance the deal through a combination of bank financing, equity and/or seller financing […]
Hal Strong, former vice chairman of Russell Investments, has joined Genstar Capital as an operating executive. He will focus on the asset management and financial services sectors.