DW Healthcare Partners has sold NWT Inc. (aka Tandem Labs) to Laboratory Corp. of America Holdings (LH) for $76 million in cash. Tandem Labs is a Salt Lake City-based bioanalytical and immunoanalytical contract research organization, supporting pharma and biotech companies. The sale generated a 6.9x return on invested capital for DW Healthcare over a […]
Louis Friedman has joined P. Schoenfeld Asset Management as president and managing partner of a new practice focused on private investments and long-term public holdings. He previously was with Bear Stearns, as vice chairman of investment banking and global chairman of M&A. PRESS RELEASE P. Schoenfeld Asset Management LLC (PSAM), a global, multi-strategy investment […]
Translations.com, a New York-based provider of software localization and globalization management system solutions, has merged with Ireland's Alchemy Software Development. No financial terms were disclosed. Translations.com had raised VC funding between 2001 and 2003 from Pennell Venture Partners and Deutsche Bank. PRESS RELEASE Translations.com today announced that the company has merged with Alchemy Software […]
Integris Partners has formed as a new boutique investment bank focused on mid-market M&A activities. Its team consists of the former professionals of Doering, van den Heever and Eastwood, and three members of Headwaters MB. Integris will have offices in both Denver and Fort Collins, Colorado. www.integris-partners.com
Tred Displays Corp., an Albuquerque, N.M.
Reyaz Kassamali has joined Hilco Consumer Capital as a managing director based in Toronto. He previously was with Financo. Hilco is a private equity firm focused on mid-market consumer lifestyle companies. www.hilcocc.com
German specialty chemical company Altana AG is in talks to buy US peer Rockwood Holdings Inc for EUR 4bn (US$6.12bn) from buyout firm Kohlberg Kravis Roberts (KKR), Manager magazine reported, citing people familiar with the negotiations. Altana, which in 2006 hived off its drugs business to focus on speciality chemicals, declined to comment on the […]
DBS Group, a Singapore-based lender, said that three of its senior professionals are leaving to join The Carlyle Group. They are: Edmund Koh, head of regional consumer banking; Raymond Ang, chief operating officer of consumer banking; and Chew Mun Yew, regional head of strategy. www.carlyle.com
LONDON (AP) — Lenders to Carlyle Capital Corp. Ltd. have begun to liquidate securities held in its $21.7 billion portfolio and the fund said Friday it was considering “all available options.” The margin calls against Carlyle portend an ominous development one day after the fund was served with default notices, convulsing already skittish markets. […]
nSpired Natural Foods Inc., a portfolio company of American Capital Strategies, has sold its MaraNatha and SunSpire brands to Hain Celestial Group Inc. (HAIN). The deal also includes nSpired's nut butter manufacturing facility in Ashland, Oregon. No financial terms were disclosed. www.hain-celestial.com