JLL Partners, the New York-based private equity firm, completed its acquisition of American Dental Partners, the Massachusetts-based dental group practice with operations in 21 states. Specifics of the deal were not publicized; JLL’s Michael Lagarde, a managing director with the firm, worked on the transaction. PRESS RELEASE: JLL Partners, Inc. (“JLL”) and American Dental Partners, […]
ShopRunner, the online shopping returns service, will buy California-based ShopSanity, the order tracking service. ShopSanity describes itself as self-funded. ShopRunner is majority owned by Michael Rubin, who bought the stake from eBay after the online auctioneer acquired GSI Commerce. PRESS RELEASE: New York (February 8, 2012) – ShopRunner (http://www.shoprunner.com), a members-only online shopping program that […]
At last, a deal for Yahoo! assets draws near--with Jack Ma closing in on a big prize for Alibaba.com.
J.F. Lehman & Co., a New York-based, middle-market PE firm that focuses on the maritime, defense, and aerospace sectors, is acquiring National Response Corp. from publicly traded SEACORP Holdings, along with some of SEACORP’s other environmental business assets. NRC, based in Great River, New York, is an environmental contracting firm that sells environmental, industrial, and […]
Two portfolio companies–Symphony Service Corp. and Teleca–of Symphony Technology Group are merging. The new company, Symphony Teleca Corp., will help clients develop, manage and support software for emerging cloud and enterprise mobility solutions. Morgan Keegan advised Symphony Services while Jefferies provided financial advice to Teleca. PRESS RELEASE Symphony Service Corp., a leader in global product […]
Doughty Hanson is to acquire USP Hospitales, a Spanish hospital operator, from Barclays and Royal Bank of Scotland for 355 million euros ($471.3 million). USP Hospitales operates 12 hospitals, one specialist clinic and 22 auxiliary clinics, with a total of over 1,200 beds. PRESS RELEASE Doughty Hanson & Co, one of the largest independent private […]
UK-based Business Growth Fund has backed its first Midlands deal. GCI Telecom Group is an independent telecoms and data services provider, led by Midlands based IT and communications entrepreneur, Wayne Martin. BGF has invested 10 million pounds ($15.8 million) of equity capital to support GCI Com’s organic growth and acquisition strategy, in return for a […]
Some bad news for Groupon and Andrew Mason causes the popular coupon e-mailer's shares to fall in after-market trading.
There are a handful of companies that, with some fortunate timing, must really "Like" Facebook right about now.
API Healthcare, which is backed by Francisco Partners, has bought Concerro. Financial terms weren’t announced. San Diego-based Concero provides software-as-a-service (SaaS) staffing and scheduling systems for healthcare. Wells Fargo Securities provided financial advice to API. PRESS RELEASE Francisco Partners, a leading technology-focused private equity firm, today announced the acquisition of Concerro through API Healthcare, an […]