M&A Deals

I am very interested in knowing your opinion on clothing store LBOs, like the Eddie Bauer one announced yesterday or the Burlington Coat deal by Bain. What is the extraordinary value to be extracted out of these companies which are no clear leader of their segments and concepts. Is it purely a financial play? Or competition for […]

Motorola Inc. (NYSE: MOT) has agreed to acquire Good Technology Inc., a Santa Clara, Calif.

Permira plans to sell its remaining 6.92 million shares in German pay-TV broadcaster Premiere, via a secondary placement managed by UBS. www.premiere.de

Nordic Capital has agreed to sell Sweden-based fitness club chain SATS to Tryg I Danmark Smba for an undisclosed AMOUNT. Nordic Capital originally acquired the company in 2002, with 2005 revenue coming in at around Euro 120 million. www.nordiccapital.com

Indegene has acquired MedCases LLC, a Philadelphia

Celanese Corp. (NYSE: CN) shares fell as much as 5.5% yesterday, after backers Blackstone Group and BA Capital Investors said that they will sell 30 million Celanese shares via a secondary offering. www.cellanese.com

KPS Special Situations Funds has agreed to sell Speedline Technologies Inc. to Illinois Tool Works (NYSE: ITW). No financial terms were disclosed. Speedline is a Franklin, Mass.-based maker of equipment used in the assembly of printed circuit boards and semiconductor packages. www.speedlinetech.com

Neiman Marcus Group has agreed to sell handbag maker Kate Spade to Liz Claiborne Inc. (NYSE: LIZ) for $124 million (including to-be-retired debt). Neiman Marcus was acquired last year in a $5.1 billion public-to-private buyout by Texas Pacific Group and Warburg Pincus. www.neimanmarcusgroup.com

Network Appliance Inc. (Nasdaq: NTAP) has agreed to acquire Topio Inc., a Santa Clara, Calif.

CVC Capital Partners and PAI Partners have retained Goldman Sachs to help sell their positions in French animal feed company Provimi, according to Financial News Online.