McDermott Will & Emery advised Speyside Equity in the sale of a majority stake in portfolio company United Initiators GmbH, and a minority stake in portfolio company Sweet Ovations, to Vision Capital, the law firm announced Wednesday. Vision Capital is based in London. Terms were not released.
Databank IMX, which is backed by Svoboda Capital Partners, has acquired Information Access Systems. Financial terms weren't announced. Orlando, Fla.-based IAS is a systems integrator specializing in enterprise content management solutions.
Germany's biggest steelmaker ThyssenKrupp invited private equity buyers to a roadshow about a sale of its stainless business, Reuters reported Wednesday. Among the firms invited to participate were Apollo, Blackstone Group and Kohlberg Kravis Roberts & Co., Reuters said.
United Recovery Systems, which is backed by the Audax Group, has acquired the businesses of AID Associates Inc., which runs collection services companies Plaza Associates and A.C.B. American. Houston-based United Recovery Systems provides a third-party contingency debt collection services for credit card companies, auto loan companies and retail companies. Terms were not released. Audax bought United Recovery in 2008.
New York-based buyout shop Monomoy Capital Partners has acquired Oneida Ltd., the maker of flatware and dinnerware. The investment is the first deal out of the firm’s second fund, Monomoy Capital Partners II. Terms were not released. Oneida was formed in 1880, and makes flatware and dinnerware for consumers and the foodservice industries.
Bain Capital and BC Partners are up against domestic retailers in the 1 billion euro ($1.4 billion) competition to buy the Netherlands' number two supermarket chain C1000, Reuters reported. The buyout shops have entered into the second round of the sale process. Dutch groups Jumbo and Sperwer Holding are also in the running.
IK Investment Partners' sale of German outdoor sport surface maker Sport Group is in limbo as private equity firms reconsider bids for the company, Reuters reported Wednesday. Bankers are concerned that Sport Group's earnings could drop as the company is exposed to falling public spending, Reuters wrote. EQT, Nordic Capital and PAI Partners have been interested in the company, which had a price tag of around 200 to 250 million euros. Nordic Capital has already pulled out of the process.
Charterhouse Group and Thompson Street Capital Partners have acquired Perimeter Technology in partnership with Cequel III, a St. Louis-based management and investment firm. Oklahoma City-based Perimeter is a provider of data center colocation and managed hosting services. Terms of the deal were not released.
(Reuters) – Groupon Inc’s IPO may be the biggest test yet for the nascent private stock exchanges that allow investors to trade the shares of hot start-ups like Facebook Inc before they go public. The daily deals website is the first major company set to price its initial public offering at a valuation far below […]
VCs in the healthcare space are getting desperate to make some exits and save their businesses. They lined up behind Republican Erik Paulsen after the congressman suggested the FDA ease rules that would hasten drug and device approval processes, paving the way to near-term exits. They are merging healthcare practices from disparate entities. At a […]