Navigation Capital Partners, an Atlanta-based lower middle market private equity firm, has formed Stratos Management Systems Inc. The company will acquire and integrate IT and managed services firms focused on hybrid IT environments, including private cloud, virtualization, storage and security, the firm says. The firm also completed its first acquisition with the new business, buying […]
One Equity Partners has acquired Linpac Allibert, the former returnable transport packaging business of Linpac Group, the firm announced Thursday. Terms of the deal were not released. One Equity Partners bought the business through its LA-Holding B.V. acquisition company. PRESS RELEASE As of today, LA-Holding B.V., an acquisition company controlled by OEP advised vehicles, completed […]
Private equity fund PAG Asia Capital has invested $250 million in unlisted Bicon Pharmaceutical Holdings to become its largest investor, Reuters reported Thursday. Weijian Shan, a former TPG Capital dealmaker and chief executive of PAG, has been appointed chairman of the eight-member board of Bicon Pharmaceutical, which includes representatives from China Everbright Holdings and Sequoia […]
Allison Transmission Holdings Inc., a maker of automatic transmissions for trucks, buses and military vehicles, said it expects its initial public offering of 21.7 million shares to be priced between $22 and $24 apiece, Reuters reported Thursday. Indianapolis-based Allison Transmission — which was bought by private equity companies Carlyle and Onex from General Motors Inc […]
Teakwood Capital, the Texas-based private equity firm, is acquiring Long Range Systems, the staff paging and management company. Specifics of the deal were not publicized. Long Range Systems is also based in Texas. PRESS RELEASE: Teakwood Capital is pleased to announce today the acquisition of Long Range Systems Inc., (“LRS”), a leading innovator in customer […]
The 'Net is no longer enough, and Facebook is eager to show investors--and marketing partners--how it will transition its massive user base into revenue in the mobile economy.
Carpenter Technology Corp. has closed its buy of Latrobe Specialty Metals. The deal, announced in June, called for Carpenter to issue 8.1 million shares of stock, representing an equity value of approximately $558 million at the time of announcement. Latrobe, which makes and distributes high-performance specialty metals and alloys, is jointly owned by the Watermill […]
Presidio, which is backed by American Securities, has acquired BlueWater Communications. Financial terms weren’t announced. Blue Water provides IT infrastructure services to companies. Foros provided financial advice to Blue Water, while Sheppard Mullin Richter & Hampton was their attorney. Weil Gotshal & Manges provided legal advice to Presidio. PRESS RELEASE Presidio, Inc., a leading provider […]
Charlesbank Capital Partners' CSI Leasing should be ripe for a potential deal opportunity, Hub sister pub Buyouts reports... Should Horatio be on the case?
Legal Genie hopes to tap the surging market for legal document providers and is looking for investors