Newburyport, Mass.-based private equity shop Twelve Court Inc. has acquired Aegom Interactive. Terms of the deal were not released. Aegom publishes education content for use with the SMART Notebook software. The company is based in Centerville, Mass.
Hertz Global Holdings will pay $250 million to acquire Donlen Corp., a provider of fleet leasing and management services. Hertz will also assume approximately $680 million of Donlen's outstanding fleet debt. The deal is expected to close during the third quarter. Based in Northbrook, Illinois, Donlen manages more than 144,000 vehicles across North America.
Plastics maker Styron Corp., which is backed by Bain Capital, has added Scotia Capital and Wells Fargo to the list of underwriters for its $400 million initial public offering, Reuters reported. The company now has 13 banks underwriting the IPO. Bain Capital bought Styron for $1.63 billion from Dow Chemical Co in 2010. The company is based in Berwyn, Pennsylvania.
Adobe has bulked up its document exchange services platform by buying venture-backed EchoSign, a provider of electronic signatures and signature automation technology. Terms of the deal were not released. EchoSign had raised more than $8 million from investors including Storm Ventures and Emergence Capital Partners.
Barclays Private Equity is considering a $1.12 billion sale of tax-free shopping company Global Blue, Reuters reported, citing a report from Sky News. Global Blue is based in Switzerland. Barclays is reportedly considering investment banks in its preparations to sell the company.
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A bidding deadline for bookstore chain Borders Group passed Sunday afternoon with no offers, Reuters reported, citing news from the Wall Street Journal. Bids were due at 5 p.m. yesterday, ahead of a bankruptcy court auction set for Tuesday, Reuters said. The company filed for bankruptcy in February.
Restaurant and arcade chain Dave & Buster's has filed to raise up to $150 million in an initial public offering, according to Reuters. The company was bought by Oak Hill Capital Partners in 2010 for $570 million. Goldman Sachs, Jefferies and Piper Jaffray will underwrite the IPO. After the offering Oak Hill and other investors will continue to retain a majority of the company, Reuters wrote.
Liz Claiborne Inc. is in talks with private equity firms to sell its Mexx brand, Reuters reported, citing Bloomberg. Leonard Green & Partners, Sun Capital and Golden Gate Capital are among the firms exploring the sale. According to Bloomberg, the Mexx business fetch about $100 million.
Audax Group has put chemical company ColorMatrix Corp. up for sale, Reuters reported. The company could fetch as much as $400 million. The firm hired Robert W. Baird to advise it on the sale. ColorMatrix makes liquid color and additive concentrates for thermoplastic products.