Devicor Medical Products, a company backed by GTCR, has completed its acquisition of certain products and assets from Neoprobe Corp. The deal included $30 million in cash payments at closing plus up to $20 million in potential milestone-based royalties.
Palm Beach Capital has exited its investment in North American Substation Services, selling its equity interest to BBH Capital Partners III, a private equity fund managed by Brown Brothers Harriman & Co. Financial terms of the deal were not disclosed. Altamonte Springs, Fla.-based North American Substation Services is an independent repair, maintenance and installation provider for electric utility substations.
VCs Aren’t acting much like VCs these days LED-ealing, once again What Happens when Apple’s online store shuts down Toldja So! McGraw Hill will take its books & sell ‘em People, Moving: Here are a few more personnel moves LED-ealing Gone Bad—Cree strikes a deal, then the shorts strike
(Reuters) – Apple Inc, Nokia and Qualcomm Inc are among several technology companies pondering bids for InterDigital Inc, sources familiar with the situation said. The auction of the wireless telecommunications specialist — expected to be heavily contested as giant tech companies fight to shore up patent portfolios — will be postponed from next week until […]
The recent amendments to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 reflect the most significant changes in decades to the disclosure obligations of parties that are required to file a Notification and Report Form with the FTC and the DOJ in connection with certain mergers and acquisitions. These changes particularly affect private equity, venture capital […]
Andy Miller, co-founder and former CEO of Quattro Wireless—and, more recently, Apple, where he led mobile advertising and reported to Steve Jobs, is leaving the company to join venture capital firm Highland Capital Partners. As Highland was a backer of Quattro—which was ultimately acquired by Apple—the move isn’t completely shocking. Miller will join Highland in the company’s Menlo Park office.
JMH Capital said Wednesday that it has completed its buy of Tri-Star Protector. Financial terms weren't disclosed. Houston-based Tri-Star is an oil field services company.
Friedman Fleischer & Lowe said Wednesday that it has completed its buy of C.H.I. Overhead Doors. Terms of the deal weren't disclosed. JLL Partners acquired the Arthur, Ill. garage door maker in the in fall of 2004. News of the C.H.I. sale was reported by The Deal in July.
Genstar Capital said Wednesday that it is selling Woods Equipment Co. to Blount International. The deal is valued at about $185 million. Oregon, Ill.-based Woods Equipment makes attachments for agricultural and construction applications and distributes tractor parts. Genstar, a San Francisco PE firm, acquired Woods Equipment in June 2004.
I never thought the Carlyle Group would be a "wannabe." The PE firm is meeting privately with analysts to convince them that Carlyle is worth at least as much as the Blackstone Group, according to Bloomberg News. The Carlyle IPO could raise as much as $1 billion and the offering could be filed as soon as this month, the story says. Carlyle, in the article, is claiming that its steadier earnings should reward shareholders with a more predictable dividend than other PE firms. The Carlyle IPO has been over-reported. All year we've been hearing that the deal is expected this year but then it's not and then it is. For what it's worth, my coworkers at Thomson Reuters said in June that Carlyle was interviewing investment banks to pick underwriters for the IPO. The offering could weigh in at $750 million to $1 billion, Reuters said at the time.