Hicks Equity Partners has bought a majority stake in Directional Rentals. Financial terms were not disclosed. Lafayette, La.-based Directional rents tools to directional drilling companies for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. Hicks Equity is the PE investment vehiclde of the Thomas O. Hicks family. PRESS RELEASE Hicks Equity […]
Ensign Group, the listed, California-based operator of assisted living services, will acquire Connected Home Health, a small home health agency based in Portland, Ore. Specifics of the detail were not publicized. PRESS RELEASE: PORTLAND, Ore., Feb. 13, 2012 — The Ensign Group, Inc. (NASDAQ: ENSG), announced today that an Ensign subsidiary has acquired Connected Home […]
Chicago-based private equity firm Linden Capital Partners struck a $4-per-share, $81 million deal to acquire SeraCare Life Sciences, the listed maker of products for human and animal diagnostics. The deal is expected to close in the second quarter of 2012. UPDATE: William Blair & Co. provided financial advice to Linden. The deal team included Brent […]
SharePoint, the Microsoft IT services firm, is acquiring Knowledge Management Associates, to further enhance its enterprise platform. Specifics of the deal were not immediately announced but KMA’s team will be integrated into SharePoint. PRESS RELEASE: Sentri, Inc., an award-winning Microsoft IT services firm today announced the acquisition of the SharePoint practice of Knowledge Management Associates […]
Buyout shop Linden Capital Partners is paying roughly $80.8 million to buy SeraCare Life Sciences Inc., Reuters reported. The $4.00-per-share deal represents a premium of nearly 12% to SeraCare’s Friday’s close on the Nasdaq. SeraCare supplies diagnostic control products for HIV, plasma-derived reagents and contract research services. (Reuters) – SeraCare Life Sciences Inc said it […]
U.S.-based private asset management firm Rohatyn Group said on Monday that it has agreed to acquire 60% of CapAsia, the private equity arm of Malaysia’s CIMB Group Holdings Bhd., Reuters reported Monday. Terms of the deal were not released. Singapore-based mid-market fund CapAsia has raised more than $500 million in capital commitments across three funds, […]
This weekend, it looks like private equity has big eyes, eyeing several multi-billion dollar deals from strategics unloading assets--including United Technologies.
Some big name PE firms are lining up for chemical maker Dupont's car paints business auction--but will is financing too tight to keep any single LBO shop from making a $4 billion deal?
Aero Financial has agreed to buy a 65% stake in Sycamore Ventures. Financial terms weren’t announced. Sycamore is a holding company incubator that acquires and develops health, nutrition and education companies. PRESS RELEASE Aero Financial, a private equity and consulting company, today announced that it has signed a definitive agreement to acquire a 65% ownership […]
Morgenthaler Private Equity has sold Phillips & Temro Industries. Financial terms, and the buyer, were not announced. Eden Prairie, Minn.-based Phillips & Temro designs, makes and distributes highly engineered diesel engine components to OEMs. Morgenthaler, a Boston and Cleveland-based PE firm, targets the lower middle market. Goldman Sachs advised Morgenthaler. PRESS RELEASE Morgenthaler Private Equity, […]