Eamon

United Business Media Ltd. agreed to acquire Canon Communications LLC for $287 million. The transaction was arranged by Apprise Media LLC and Spectrum Equity Investors. Apprise and Spectrum bought Canon in 2005.

(Reuters) – Metro-Goldwyn-Mayer [MGMYR.UL] said on Wednesday that its lenders agreed to extend a deadline for debt payments as the film studio prepares to be handed over to film company Spyglass Entertainment. A source familar with the matter said last week that the founders of Spyglass signed a nonbinding letter of intent to take over […]

(Reuters) – British telecom Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) may sell its 25 percent stake in Polish mobile operator Polkomtel, which could spur the sale of Polkomtel shares by its Polish owners, PKN’s (PKNA.WA: Quote, Profile, Research, Stock Buzz) deputy CEO said on Thursday. Asked if Vodafone would sell its stake in Polkomtel, […]

Vestar Capital Partners V LP’s affiliates (Mountain Acquisition Corp. and Mountain Merger Sub Corp.) and Health Grades Inc. agreed to extend the offer period for proposed $8.20 a share tender offer for all Health Grades’ shares. The offer’s new deadline is October 7 at 9 AM, New York City time.

Falconhead Capital LLC recapitalized its portfolio company Competitor Group Inc., a San Diego-based endurance media and event entertainment company that promotes running, cycling and triathlon events.

Marsh, a New York-based insurance broker and risk advisor, adds five new hires to its private equity and mergers and acquisitions practice. It named James O'Brien, Jason Hawkins and Craig Warnke as managing directors. Jim Beatty and Machua Millett join the firm as senior vice presidents.

Wright Express Corp. completed its acquisition of Retail Decisions’ Australian assets. This conists of fleet and prepaid card businesses. The sellers were Palamon Capital Partners and its co-investors Morgan Stanley Alternative Investment Partners and AlpInvest Partners. In July, Wright Express agreed to acquire the assets for A$353 million ($318 million).

Kane Biotech Inc. named Philip Renaud to its board of directors. Renaud is managing director of Church Advisors, a European investment advisory firm involved in private financing. Kane Biotech is a Winniped, Manitoba-based biotechnology company.

StepStone Group LLC named Weichou Su a managing director in the firm's new Beijing, China office, which officially opened on Sept. 14. Su will focus on investment activities in China and throughout Asia. Su previously served as a managing director of Hina Group.

(Reuters) – Private equity fund Providence Equity Partners has dropped out of the $2 billion auction of Taiwan cable operator China Network Systems Co, a source with direct knowledge of the matter told Reuters on Wednesday. Providence’s exit narrows the field to Australian investment bank Macquarie Group Ltd (MQG.AX: Quote, Profile, Research), Bain Capital and […]