Voyager Learning Co. (OTC BB: VLCY), an educational publisher for the K-12 market, has completed its merger with Cambium Learning Inc., a provider of education services to at-risk and special student populations. The deal results in Cambium sponsor Veronis Suhler Stevenson holding a majority stake in the combined public company, with Voyager stockholders receiving approximately $194 million worth of cash and/or stock in Cambium.
NEW YORK (Reuters) – Natural gas and crude oil prospector Crimson Exploration Inc on Tuesday said it hoped to raise $165.6 million in an initial public offering as energy markets stabilize. The Texas-based company acquires and develops natural gas and crude oil properties and currently has operations on the U.S. Gulf Coast, south and east […]
LONDON (Reuters) – Swedish private firm EQT is set to buy German academic publisher Springer Science and Business Media this week, three people familiar with the matter told Reuters. Private Capital | Financials The deal will value the equity in the business at around 100 million to 150 million euros ($147.5 million-$221.3 million) and see […]
Ten Years of M&A: It is like walking through the tombstones on a battlefield. WSJ takes a comprehensive look at the past decade of dealmaking. (WSJ) Hmmm: Goldman's M&A fees are a lot higher than that of other firms. (WSJ) Searching For Alternatives! Good news-pension fund allocations to alternatives are increasing, despite what it seems like. (Reuters) PE is BACK! I write this phrase around thrice a week, it seems, so here's another pile-on. Private equity is back-with a vengeance-and doing things that were "unthinkable" six months ago. (Seeking Alpha) Target Time: PE Firms continue to salivate over Dubai World Assets. (Maktoob Business) Starting with the New York W Hotel in Union Square. (Dealbook)
Francisco Partners has agreed to acquire QuadraMed Corp. (Nasdaq: QDHC), a provider of healthcare IT services, for approximately $126 million in cash. Wells Fargo Foothill and Silicon Valley Bank have committed debt financing, although the deal does not include a financing condition.
FRANKFURT (Reuters) – Creditors of German cable provider Tele Columbus plan to take over the company’s indebted parent to try and recoup some of their investment, several people familiar with the matter said on Tuesday. The creditors are set to announce on Wednesday plans to auction off parent Orion Cable, the people said. The creditors […]
Concord Medical Services, a Beijing-based network of radiotherapy and diagnostic imaging centers in China, has set its proposed IPO terms to 12 million American depository shares being offered at between $9.50 and $11.50 per share. It plans to trade on the NYSE under ticker symbol CCM, with J.P. Morgan, Morgan Stanley and CICC serving as […]
CapMan has agreed to sell its 67% stake in Inflight Service Intressenter AB, a Sweden-based retail travel company, to Triton. No financial terms were disclosed. Inflight was acquired by CapMan in 2005, and reported 2008 net sales of approximately €152 million.
HONG KONG (Reuters) – The Carlyle Group, the U.S. buyout giant backing China Pacific Insurance (Group) Co Ltd (601601.SS), could make a $4 billion profit — a return of more than six times its investment — once China’s No.3 life insurer floats shares in Hong Kong. That would be the biggest investment return for a […]
(Reuters) – Private equity firms Carlyle, Apax Partners and Kohlberg Kravis Roberts (KKR.AS) are interested in buying India’s ICICI Group’s 27 percent stake in IT firm 3i Infotech (TIIN.BO), the Economic Times reported on Tuesday. The acquisition will require the buyer to launch a mandatory open offer for a further 20 percent from other shareholders, […]