TricorBraun, a St. Louis
This week is shaping up as a busy one for venture-backed IPOs, with three offerings set to get out the door before the end of the quarter. Aruba Networks, which develops switching technology for large-scale Wi-Fi networks, is looking to raise up to $72 million in an offering on Nasdaq. The Sunnyvale, Calif., company, founded […]
Local Insight Media LP, a portfolio company of Welsh Carson Anderson & Stowe, has acquired Cincinnati-area directories publisher CBD Media, which is backed by Spectrum Equity Partners and Wachovia Capital Partners. Leverage was provided by Wachovia Securities, Lehman Brothers Inc., Merrill Lynch & Co. and GE Capital. No specific financial terms were disclosed, except that […]
The Blackstone Group has filed for a $4 billion IPO. It did not disclose the number of shares or a propsective price range. Download the filing here: Blackstone.pdf I’m still skimming through the document, but one thing jumped out first: The complete absence of Goldman Sachs. The original CNBC report last week said that Blackstone […]
PwC today released a study (download here) that found a majority of private equity pros expect the percentage of portfolio company dividend recaps to grow in the coming year, with most of that activity occurring in the middle-markets. Here’s one highlight (or lowlight, depending on your perspective): “94% of respondents consider dividend recaps an important part […]
A kind of disturbing story today related to the pending $19 billion buyout of Clear Channel by Bain Capital and Thomas H. Lee Partners. As we’ve previously discussed, the deal is being opposed by a number of major CC shareholders, who claim that the $37.60 per share pricetag is too low. One such shareholder is […]
Integra Telecom Inc., a Portland, Ore.
Cetero Research, a Cary, N.C.-based provider of early clinical and bioanalytical research services for the pharma industry, has acquired Allied Research International Inc., a Toronto-based contract research organization. No financial terms were disclosed. Cetero was formed last October by the merger of Summit Partners portfolio company Ba Research International, with PRACS Institute and Gateway Medical […]
The Active Network Inc., a San Diego
iCrossing Inc., a Scottsdale, Ariz.-based digital marketing agency, has agreed to acquire Sharp Analytics, a Salt Lake City