Tenex Capital Management and McCarthy Capital Fund V have invested in Medical Solutions. Financial terms were not announced. Omaha-based Medical Solutions is a travel nurse and allied healthcare staffing company. PRESS RELEASE Medical Solutions, a leading national healthcare staffing company headquartered in Omaha, Neb., today announced the completion of an investment by Tenex Capital Management […]
Private equity groups Blackstone and BC Partners are working on a higher offer after rival Permira rejected their 2.5 billion euro ($3.1 billion) bid for frozen foods maker Iglo Group as too low, people familiar with the situation said, according to a Reuters report Monday. (Reuters) – Private equity groups Blackstone and BC Partners are […]
Private equity firm Spectrum Equity has put an undisclosed amount into Net Health Systems, a provider of clinical information systems for the field of wound care. Terms were not released.Net Health Systems is based in Pittsburgh. PRESS RELEASE Net Health Systems, the leading provider of clinical information systems for the rapidly growing field of […]
Quest Software said a strategic bidder proposed to buy the maker of enterprise management software for about $2.32 billion in cash, trumping an earlier offer of nearly $2.17 billion from private investment firm Insight Venture Partners, Reuters reported Monday. (Reuters) – Quest Software said a strategic bidder proposed to buy the maker of enterprise management […]
Payment processor Fidelity National Information Services Inc. said it would sell its healthcare benefit solutions business to private equity firm Lightyear Capital for $335 million in cash, Reuters reported Monday. FIS expects to incur an after-tax loss of about $55 million, or 19 cents per share, upon completion of the sale in the third quarter. […]
Raptor Consumer Partners, a consumer-focused growth equity investor, said that is has backed Boston-based food company Unreal Brands Inc. The company is launching a line of so-called “unjunked” chocolate candies. Terms of the investment were not released. John Burns, Managing Director at Raptor Consumer Partners, has joined Unreal’s board. PRESS RELEASE Raptor Consumer Partners (“RCP”), […]
ACON Investments and MidOcean Partners have merged two of their portfolio companies: Fairway Outdoor Advertising and Olympus Media. The combined entity, known as Fairway Media Group, will control more than 21,300 bulletin and poster displays in 17 states across the Southeast and Midwest. Terms of the deal were not released. PRESS RELEASE ACON Investments and […]
Kohlberg Kravis Roberts & Co. has completed its acquisition of Fotolia, a stock photography company. KKR announced a $150 million growth equity investment in Fotolia in May. In addition, KKR, TA Associates and management worked with KKR Capital Markets and a number of banks to put in place $150 million of senior financing for the […]
U.S. private equity firm Bain Capital will buy a 50% stake in Jupiter Shop Channel, a television shopping company, for about 100 billion yen ($1.3 billion) in Japan’s largest private equity transaction this year, according to a person with direct knowledge of the firm, Reuters reported. Bain said it would buy Jupiter Shop Channel, a […]
Direct ChassisLink, a Charlotte, N.C.-based company that sells chassis equipment and is owned by the Greenwich, Conn.-based private equity firm Littlejohn, has appointed two new board members: John Bowe and Ronald Sorrow. Bowe was most recently the president of APL, a global container transportation company. Sorrow was most recently the president and CEO of Avron Partners, […]