Cortec Group has acquired a majority stake in 180 Medical Inc., an Oklahoma City-based distributor of disposable, single-use urologic catheters in home settings. No financial terms were disclosed, except that Madison Capital Funding led the senior note facility.
(Reuters) – MSC Software Corp (MSCS.O), a simulation and software services company, said Symphony Technology Group’s affiliate matched the $8.15 per share takeover offer from third-party private equity firms. On Tuesday, the third-party private equity firms had raised their offer to $8.15 a share to trump the $8 per share offer from Maximus Holdings, a […]
American Capital has sold Axygen BioScience Inc. to Corning Inc. for approximately $400 million. Axygen was acquired by American Capital in 2006, and is a Union City, Calif.–based distributor of life sciences plastic consumables, liquid handling products and bench-top laboratory equipment.
Beacon E&P Co., a Denver-based oil and natural gas company, has received a $150 million equity commitment from Kayne Anderson Energy Funds, BAML Capital Partners, company management and others.
Banco Bradesco of Brazil and Banco Espírito Santo of Portugal have formed 2bCapital, a new private equity fund manager that will operate in Brazil. Each bank will provide R$50 million for 2bCapital's debt fund, which will target R$500 million (US$277m).
Ladder Capital Finance, a New York-based specialty finance company focused on the commercial real estate industry, has set its proposed IPO terms to 20 million shares being offered at $20 per share. The company was formed last last year with approximately $1 billion in equity and debt capital, co-led by GI Partners and Towerbrook Capital Partners. It […]
Golden Gate Capital has acquired the enterprise management solutions IT unit of CH2M Hill, for an undisclosed amount. The resulting company will be named Critigen, and will maintain a three-year preferred provider agreement with CH2M Hill.
Nexar Capital Group has launched as an investment management firm founded by former hedge fund execs at Société Générale. It is being sponsored by an undisclosed amount of funding from Aquiline Capital Partners.
NEW YORK (Reuters) – Private equity firm Carlyle has resumed deliberations about a possible public listing, the Financial Times reported on Wednesday, but the company immediately denied such plans. In an emailed statement, Carlyle said: “Carlyle has no plans to go public and if we ever do go public, it will be a long way […]
HONG KONG (Reuters) – Citigroup (C.N) on Thursday said it has appointed Rodney Tsang as co-head of its China investment banking group, beefing up its team in an effort to become the top global bank in the world’s third-largest economy. Tsang joins the bank after more than two years at Bank of America-Merrill Lynch as […]