Jonathan Marino

Chicago middle market private equity firm Waud Capital paired up with a couple of healthcare execs to acquire Revenue Cycle Solutions as the PE firm launches a platform to build the patient account resolution business. Waud was joined in the investment by Mike Jacoutot, who will join RCS as its Chief Executive Officer, and Mary Ann McLaughlin, who will serve as Chief Operating Officer. Terms were not publicized. Waud Partner David Neighbours and Eric Gordon, VP with Waud, worked on the transaction for the private equity firm.

PE and strategic bidders are going to clamor for EMI Music Publishing and other coveted music rights assets following the $3.3 billion deal that marked a win for Warner Music’s PE backers. The question is, how soon will they get a chance? One dealmaker in the space suggested Citi would begin preparing EMI for sale […]

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Littlejohn & Co., the Connecticut-based private equity firm, announced Friday it has restructured Synventive Molding Solutions, maker of components for the global injection molding industry. Terms of the transaction were not publicized. Littlejohn’s Robert Davis, managing director of distressed investments, Brian Ramsay and Antonio Miranda joined Synventive’s board and the company is now majority-controlled by Littlejohn.

West Coast PE shop Hanover Partners is letting go of an asset back East. The PE firm is selling its Solidscape Inc., a maker of 3D printer systems, to Stratasys, a similar manufacturer. The exit from Solidscape generated a 2.5x cash-on-cash return for lead investors Hanover Partners and Tuckerman Capital, during a nearly 5 year investment period. Hanover has offices in Portland, Ore., and San Francisco, Calif.

Summit Business Media had its pre-arranged reorganization plan confirmed in the U.S. Bankruptcy Court for the District of Delaware and that the company will emerge from the bankruptcy process in two weeks after eliminating $140 in debt. The B2B publisher declared bankruptcy on Jan. 25. At that point, it was majority-owned by Wind Point Partners.

Private equity firm Apax Partners has extended the offer it is making for Epicor Software Corp., which would have been set to expire at the end of the day Friday, May 6. The PE firm is offering an additional week to Epicor, which will coincide with the expected closing of the related debt financing transactions. Apax previously announced plans to buy both Epicor and business management software solutions company Activant and merge the two.

NovaMed shares will cease to trade on the Nasdaq today; the company’s merger with Surgery Center Holdings has been completed. HIG Capital owns Surgery Center Holdings, which operates free-standing ambulatory surgical centers in partnership with physicians.

Crescent Financial Partners, the Los Angeles private equity merchant banking firm that caters to early-stage and middle market clients, will add Russ Regan to its advisory board. He has worked on Academy Award nominated projects and with UNI Records and 20th Century Records.

An anonymous swipe between investors earned chuckles in a story my Reuters colleagues recently did on Facebook and its coveted secondary market shares. "By the time T. Rowe Price is investing, you know it's too late," one wiseguy cracked, suggesting the firm isn’t savvy enough to buy into a good trend early. I couldn’t help but think the same thing reading that the New York Times will, in a yet-well-calculated move, launch a daily deals service to connect its affluent readers with its high-end advertisers....