Madison Dearborn closes Patterson buy

Madison Dearborn Partners has completed its buy of Patterson Medical, which is the former the medical business of Patterson Companies Inc. Patterson Medical will retain its name for a transition period before it rebrands. Madison Dearborn announced it would buy Patterson in July for about $715 million cash.


VISANOW hires former Madison Dearborn exec as CFO

Chicago-based VISANOW, a provider of online immigration services in the U.S., has named Brittany Smith as chief financial officer. Previously, Smith worked at Madison Dearborn Partners where she served as a director in the technology, media and telecom services group.


Madison Dearborn to acquire Patterson Medical for about $715 mln

Madison Dearborn Partners has agreed to buy Patterson Companies Inc‘s medical business Patterson Medical for about $715 million in cash. The transaction is expected to be completed in the fiscal second quarter. BofA Merrill Lynch served as financial advisor to Patterson Companies while Barclays and Deutsche Bank advised MDP.


Madison Dearborn invests in Liquid Web

Madison Dearborn Partners has made a “substantial” investment in Liquid Web. No financial terms were disclosed. Based in Lansing, Michigan, Liquid Web is a provider of professional web hosting and managed cloud solutions.


PE-owned Walgreens Infusion Services rebrands as Option Care

Walgreens Infusion Services, a provider of home and alternate treatment site infusion services, has rebranded itself as Option Care. Madison Dearborn Partners is the majority owner while Walgreen Co, a subsidiary of Walgreens Boots Alliance Inc, is the minority owner.

Quickplay nets C$57 mln

Toronto-based Quickplay, which powers premium video to any device, has raised C$57 million in funding. The investors were Madison Dearborn Partners (which owns Quickplay), Orix Ventures and DIfference Capital Financial.


Madison Dearborn Partners to exit Ikaria in $2.3 bln deal

Mallinckrodt plc said Thursday that it has agreed to buy Ikaria Inc. in a deal valued at $2.3 billion. Madison Dearborn Partners, which acquired a majority of Ikaria in January 2014, and New Mountain Capital are selling. Hampton, New Jersey-based Ikaria is a critical care company. Goldman Sachs advised Mallinckrodt.

Anthony, Things Remembered chairman, steps down

Things Remembered said Wednesday that its President and CEO Lisa Gavales was named chairman. Michael Anthony, who had been Chairman, President and CEO for eight years, has stepped down from the board. Cleveland-based Things Remembered is a personalized gift retailer that is backed by Madison Dearborn Partners.


Madison Dearborn Partners to acquire Walgreens Infusion Services

Madison Dearborn Partners has agreed to buy a majority stake in Walgreens Infusion Services, a provider of home and alternate treatment site infusion services. No financial terms were disclosed for the transaction that is expected to close during the second quarter of calendar 2015. BofA Merrill Lynch provided financial advice to Walgreen Co. while Barclays, Deutsche Bank and Goldman Sachs advised MDP.

PE-backed Q9 Networks appoints new president and CEO

Toronto-based Q9 Networks, a provider of outsourced data center infrastructure, has hired Karen Sheriff as president and CEO. The appointment becomes effective January 5, 2015. Sheriff is the former president and CEO of Bell Aliant. Q9 Networks is owned by an investor group that includes Ontario Teachers’ Pension Plan, Providence Equity Partners and Madison Dearborn Partners.

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