Investcorp has put $125 million into Los Angeles-based TelePacific Communications, a company that provides integrated communications services. The investment is designed to help TelePacific expand its network infrastructure and service area to new cities, as well as continue its development of web-enabled products, the company said.
TouchPoint Print Solutions Corp., which is backed by Huron Capital Partners, said Monday that it has bought certain assets of Winnebago Color Press. Financial terms weren't disclosed. Menasha, Wis.-based Winnebago provides a commercial offset, digital print and marketing services to customers throughout the Midwest.
Christopher O’Connor is joining Perella Weinberg Partners as a partner in its corporate advisory group. O'Connor will be based in New York and focus on healthcare. He was previously an MD at JPMorgan Chase, where he also advised on healthcare.
Germany’s Lanxess has ended talks with private equity firm CVC, after the two could not agree on a price for the firm’s portfolio company Taminco, Reuters reported, citing news in the Financial Times. Lanxess had reportedly bid roughly $1.43 billion for Taminco, a chemical maker.
San Francisco-based private equity firm Gryphon Investors has completed the sale of its portfolio company Accelerated Rehabilitation Centers. OMERS Private Equity acquired the Chicago-based company, which provides outpatient physical therapy services. Terms of the deal were not released.
Ally Commercial Finance, the former GMAC, said Monday that Luis Acosta has joined as senior MD. He will report to George Triebenbacher, president of Structured Finance.
(Reuters) – Two out of three U.S. food and beverage executives see their companies being involved in a merger or acquisition over the next two years, as they seek to streamline portfolios and put cash reserves to work. According to a survey by U.S. audit firm KPMG that will be released on Tuesday, 67 percent […]
Petmate, the maker of pet products including Bamboo, Booda, Dogzilla, Fat Cat and LeBistro, will acquire Kennel-Aire, a maker of plastic carriers. It’s the second deal for Petmate since Wind Point Partners invested in the company earlier this year. Paul Peterson, a WPP principal, worked on the transaction from the private equity firm.
Buyout shop Advent International will invest an undisclosed amount in chicken-and-biscuits chain Bojangles’, the firm said Monday. The money will support growth. Bojangles was formed in 1977 and is based in Charlotte, N.C. The company operates about 500 restaurants, and plans to open 40 new locations this year. Terms of the Advent investment were not releaed. As part of the transaction, Falfurrias Capital Partners has agreed to sell its entire investment in Bojangles' to Advent.
Strategic consolidation in the prescription drug benefit management (PBM) business is afoot, but it can only go so far. The merger of Express Scripts and Medco showcases how aggressive competition has become to best streamline the drug delivery business. A bigger PBM has more clout in negotiations with pharmaceutical providers, making mega-managers increasingly attractive to […]