Iris Dorbian
Century Park Partners LLC has sold a Memphis, Tennessee-based office tower to Angelo, Gordon & Co's Net Lease Group. The price of the acquisition was $58.25 million.
Altamont Capital Partners has acquired Quebec-based Maxi Canada Inc, a maker of frozen poultry products. No financial terms were disclosed. Houlihan Lokey advised Maxi Canada on the transaction. Royal Bank of Canada, National Bank of Canada and Bank of America Merrill Lynch provided funding for the deal.
Providence Strategic Growth Capital Partners LLC, an affiliate of Providence Equity Partners LLC, has closed its oversubscribed second fund at a hard cap of $640 mln.
H.I.G. Capital has agreed to acquire Lionbridge Technologies Inc for $5.75 per share in cash. Union Square Advisors is providing financial advice to Lionbridge on the transaction while Credit Suisse Securities (USA) LLC is doing likewise for H.I.G. Based in Waltham, Massachusetts, Lionbridge Technologies helps brands increase market share and customer engagement.
Warburg Pincus-based RS Energy Group has acquired NavPort, a provider of completion and production data for the upstream oil and gas industry. No financial terms were disclosed.
Blue Wolf Capital Partners LLC has acquired the assets of Fairmont, West Virginia-based Extreme Plastics Plus, a environmental containment company that mostly caters to the domestic oil and gas sector. No financial terms were disclosed.
Odyssey Behavioral Healthcare, which is backed by Nautic Partners, has acquired Columbiana, Alabama-based Magnolia Creek Treatment Center for Women, an eating disorder treatment facility. No financial terms were disclosed.
Fortress Investment Group LLC and Lingerfelt Commonwealth Partners have sold Jacksonville, Florida-based St. Johns River, a 28-story waterfront tower, for $53.4 million. The buyer was not specified.
Ranch Creek Partners has acquired a majority stake in Los Angeles-based Apposite Technologies, a maker of WAN emulation products. No financial terms were disclosed.
First Read starts off the week with news that Exxon's Rex Tillerson is the top candidate for Secretary of State, the major retailers are being sued over misleading prices, and Mark Zuckerberg's defense of Peter Thiel may indicate he has political aspirations.