Iris Dorbian
All Metro Health Care, which is backed by One Equity Partners, has acquired Lynn, Massachusetts-based Multicultural Home Care, a provider of home healthcare services. No financial terms were disclosed.
GTCR has acquired Beeline's vendor management solution software and related assets from Adecco Group. No financial terms were disclosed. As a result of the deal, GTCR-backed IQN, a provider of non-employee workforce management solutions, and Beeline have agreed to merge.
Weston Presidio and Main Post Partners have sold Signal Hill, California-based Edge Systems, a maker of non-invasive equipment and consumables used for skin health treatments. The buyers were DW Healthcare Partners and Linden Capital Partners. No financial terms were disclosed. Piper Jaffray & Co. and BMO Capital Markets provided financial advice to Weston Presidio and Main Post on the deal.
Finalsite, which is backed by Bridge Growth Partners, has acquired UK-based School Website, a CMS software provider to schools. No financial terms were disclosed.
First Read starts the day with news that President-elect Trump is reportedly considering Carly Fiorina for director of national intelligence, two New Jersey traders are charged in a $26 million trading scam, and VCs are growing weary of on-demand deliveries.
Wellspring Capital Management LLC has promoted Matthew G. Harrison and Seth R. Pearson to partner from principal. Harrison joined the firm in 2005 while Pearson came on board in 2007.
In Second Opinion, Sumner Redstone and his daughter pull their support of a Viacom-CBS Merger, Bill Gates will helm a new $1 billion clean energy fund while Apple might invest up to $1 billion for SoftBank's new tech fund and the LA Rams fire their coach.
Platte River Equity has acquired Shelton, Connecticut-based Tiger-Sul Products, a provider of sulphur fertilizers and crop performance products. No financial terms were disclosed.
Apax Partners will acquire Nordic Capital and Apax France's respective stakes in Unilabs, a Swiss provider of clinical laboratory testing and medical diagnostic imaging services. No financial terms were disclosed. Simpson Thacher & Bartlett LLP and Vinge advised Apax Partners; Mannheimer Swartling advised Nordic Capital; and Allen & Overy LLP advised Apax France.
Wind Point Partners has acquired Broken Arrow, Oklahoma-based Paragon Films, a maker of stretch films. No financial terms were disclosed. Blaige & Company served as financial adviser to Paragon on the transaction. Antares Holdings, BMO Capital Markets, Newstar Financial, BlackRock Capital and Northwestern Mutual Capital provided the financing for the deal.