2nd Wave Software, a Minneapolis-based acquisition platform for B2B software companies, has been formed by CIBC Capital Partners and veteran software executives Chris Heim (former HighJump Software CEO) and Dan Mayleben (former CFO of both HighJump and Adaytum Software). No financial terms were disclosed. www.2ndwavesoftware.com
Aviapartner, a European airport ground handler controlled by 3i Group, has agreed to acquire Aero Groundservices BV, the cargo-handling subsidiary of VCK Holding. No financial terms were disclosed. Aero Groundservices is the primary cargo handler at Amsterdam Schiphol airport. www.aviapartner.aero
I’m in the market for new cellphones for my wife and me. She wants to replace her small clamshell with a smartphone so she can check email and keep tabs on her schedule (though, frankly, I’m not sure why since she always loses her phone and never keeps it charged, which as her co-dependent, I […]
The Riverside Company has acquired Salamander, the UK's third-largest producer of specialty chemicals used to clean and protect boiler-based residential heating systems. No financial terms were disclosed. Riverside will add Salamander onto Sentinel, a platform Riverside acquired in August 2005 as a carve-out from GE. www.riversidecompany.com
PlantCML, a Temecula, Calif.
Charles River Ventures is not buying BigBand Networks. Apologies for the self-obvious news flash, but two separate people have now inquired about the matter. At issue seems to be a the Federal trade Commission’s mid-February ruling that CRV would not be in violation of Hart-Scott-Rodino regs as related to BigBand. Such rulings do often portend […]
Capella Healthcare Inc., a Brentwood, Tenn.-based acute care hospital platform formed by GTCR Golder-Rauner, has agreed to buy Muskogee Regional Medical Center for approximately $120 million, according to Moody's Investor Services. GTCR will provide part of the equity. www.gtcr.com www.capellahealth.com
I just finished being interviewed by a reporter about the possibility of a Chrysler buyout, during which I was asked the following question: “Do you think it could be a club deal?” My response was a more articulate version of “hell yeah.” The question’s undercurrent was this burgeoning notion that club deals are – or […]
The top news item on yesterday’s PE Week Wire was that federal regulators had charged several unnamed individuals with insider trading related to the $45 billion buyout offer for energy company TXU. Specifically, it alleged that the culprits stood to gain $5.3 million after having used inside knowledge to trade TXU stock options just days before […]
The Riverside Company has carved out Insurance Claims Management from existing portfolio platform The Dwyer Group, in order to create a new company. ICM owns both Harmon Solutions Group, a third-party administrator providing auto glass and property claim administration services for insurance and fleet customers; and CodeBlue, a full-service claims processing network handling property insurance […]