SolutionSet MediaWhiz Partnership, which is backed by Lake Capital, has merged with D.L. Ryan Companies. Financial terms weren't announced. Hyper Marketing Inc., the merged group, is now a portfolio company of Lake Capital. News of the deal was announced by Morgan Joseph TriArtisan, which provided financial advice to D.L. Ryan.
As Mitt Romney prepares to release his tax returns on Tuesday, all eyes will be on Schedule D, Capital Gains and Losses, so everybody can take a look at his carried interest income. I can hear teeth grinding already in buyouts land.
Clearly, Romney's ...
Hellman & Friedman said Monday that the merger of Datatel and SunGard Higher Education has closed. The new company will have a new name that will be launched during the first half of this year. Until that time, the company will be called "Datatel+SGHE."
Nonni's, which is backed by Wind Point Partners, has acquired THINaddictives. Financial terms weren't announced. THINaddictives makes specialty thin biscotti.
Ohio private equity firm The Riverside Co. bought EagleOne Logistics to tack onto platform company Express Courier, a regional delivery services firm. The deal expands Express Courier’s capacity in the South. Texas Capital Bank and THL Credit provided financing for the transaction, Jones Day was Riverside’s legal counsel, and RSM McGladrey advised Riverside on financial due diligence. Specifics were not publicized.
Cinelease, the motion-picture lighting and grip equipment rental service, has been dealt from Boston-based private equity firm Audax Group to Hertz Global Holdings. Houlihan Lokey, Inc. advised Cinelease. Kirkland & Ellis LLP represented Audax Group. Specifics on the deal were not publicized.
After being carved from GSI Commerce in the wake of that startup’s sale to eBay, Boston-based online shopping site RueLaLa has received about $22 million of funding issued new stock options to a number of undisclosed parties, according to a federal filing. In March 2011, when eBay bought GSI Commerce, RueLaLa was sold back to GSI CEO Michael Rubin as part of a package that included more investment from eBay. A RueLaLa representative did not comment further. VIEW THE FILING HERE.
Mobile Patrol LLC, the Arkansas startup that serves local sheriffs’ offices with smartphone apps, has been acquired by Appriss, the Kentucky-based law enforcement data firm. Specifics of the transaction were not publicized.
Neways Enterprises, Utah-based maker of dietary supplements and personal care products, has completed an out-of-court restructuring to reduce its debt, the company announced. As a result of the transaction, private equity firm Z Capital Partners and funds affiliated with S.A.C. Capital Advisors will own a majority of Neways. Golden Gate Capital will maintain an equity stake, the company said. Terms of the deal were not released.
New York-based private equity firm Cortec Group has acquired Cranial Technologies Inc. Terms of the deal were not released. Paul Hastings represented Cortec Group in the deal. Tempe, Arizona-based CranialTech is a developer, manufacturer and provider of medical devices and services for the treatment of positional plagiocephaly in infants.