Accretive Health Inc., a Chicago-based provider of healthcare revenue cycle management services, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol AH, with Goldman Sachs and Credit Suisse serving as co-lead underwriters. The company reports around $398 million in 2008 revenue, and that Oak Hill Capital Partners […]
(Reuters) – Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group (CIT.N) with failed mortgage lender IndyMac Federal Bank, the New York Post said, citing people familiar with the matter. According to the paper, the merger, a plan floated by a number of CIT’s creditors including Paulson, is not part […]
TA Associates has acquired a minroity stake in Dealer Tire LLC, a Cleveland-based provider of logistics and program management services for the replacement tire market. No financial terms were disclosed.
Evolution Capital Partners of Cleveland has invested an undisclosed amount of equity into American Eagle Mortgage, a Loraine, Ohio-based mortgage lender providing loans in Ohio, Kentucky and Florida.
(Reuters) – Package delivery company Velocity Express Corp (VEXP.PK) and 12 of its affiliates filed for Chapter 11 protection in a Delaware court on Thursday, court filings showed. The company said its revenue had dropped 35 percent in the past year as many of its customers cut their shipping expenses. Velocity added that it was […]
Mint Capital, a Scandinavian private equity firm, has acquired Russian pub chain Tinkoff, for an undisclosed amount. Dow Jones reports that the deal came after Tinkoff’s founder posted a Twitter message about wanting to sell his 70% stake. www.mintcap.ru
Archbrook Capital Management has acquired a majority stake in Tray-Pak Corp., a Reading, Penn-based manufacturer of custom thermoformed plastic packaging products. No financial terms were disclosed.
Platinum Equity has agreed to acquire Pomeroy IT Solutions Inc. (Nasdaq: PMRY), a Hebron, Ky.-based provider of IT services. The deal is valued at approximately $65 million, or $6.50 per share of Pomeroy common stock. Houlihan Lokey is advising Pomeroy on the transaction.
MADRID (Reuters) – Spanish media group Prisa (PRS.MC) has agreed a deal worth around $362 million to sell 25 percent of its book publishing arm, Santillana, to a Credit Suisse (CSGN.VX) private equity fund, as part of a plan to slash debt. Prisa said on Monday it planned to sell the stake in Santillana — […]
American Securities has agreed to acquire GenTek Inc. (Nasdaq: GETI), a Parsippany, N.J.-based maker of inorganic chemical products and valve actuation systems and components for automotive and heavy-duty engines. The deal is valued at approximately $673 million (including $262m of assumed debt and liabilities), with GenTek stockholders to receive $38 per share (40.7% premium to Friday's closing price). Moelis & Co. is serving as financial advisor to GenTek.