Blonder Tongue Laboratories Inc. (AMEX: BDR) has sold its Texas-based private cable television business, BDR Broadband, to DirecPath, a joint venture between Hicks Holdings LLC and The DIRECTV Group Inc. The deal was valued at approximately $3.1 million. www.blondertongue.com
SunGard has acquired Chinese financial services software company Shanghai Fudan Kingstar Computer Co.for an undisclosed amount. SunGard was acquired last year in a public-to-private buyout by Silver Lake Partners, AlpInvest, Bain Capital, Blackstone Group, Goldman Sachs, HarbourVest Partners, KKR, Providence Equity Partners and Texas Pacific Group. www.sungard.com
Healthy Foods Holdings, a portfolio company of Catterton Partners, has agreed to acquire Van's International Foods Inc., a Vernon, Calif.-based maker and marketer of Van's Waffles. No financial terms were disclosed. www.vanswaffles.com www.cpequity.com
Hemscott Group Ltd., a UK-based provider of financial data and investor relations services, has merged with i-Deal LLC, a UK-based provider of capital markets workflow solutions. The combined company has been named Ipreo LLC, and will have 2006 revenue of approximately $100 million. It also has agreed to acquire Marketpipe, a UK-based provider of fixed […]
John Lehman is chairman and a founding partner of J.F. Lehman & Co., a mid-market private equity firm focused on the aerospace, defense and maritime industries. He also is the former Secretary of the U.S. Navy, and recently completed service as a member of the National Commission on Terrorist Attacks Upon the United States (a.k.a. […]
Debate continues to rage over whether buyout firms are somehow cheating on their deals. Are they stealing companies from hapless shareholders? Are they colluding on large transactions in a blatant violation of anti-trust laws? And if not, how else can the enormous profits so many buyout firms generate be explained? All are interesting questions that […]
Morgenthaler Partners is in advanced discussions to buy Ryan Herco Products Corp., a Burbank, Calif.
Intechra Holding Corp., a Jackson, Miss.-based has agreed to acquire three IT asset disposition companies from Chasm Corp.: EPC of Los Angeles; Market2Market of Columbus, Ohio and; SpaceFutters of Hartford, Conn. No financial terms were disclosed. Intechra is backed by Chrysalis Ventures, Clayton Associates, Richland Ventures and WestWind Partners. www.intechra.com
IP Unity Corp., a Milpitas, Calif.-based provider of carrier-grade media servers, has agreed to acquire Glenayre Messaging from Glenayre Technologies Inc. (Nasdaq: GEMS) for $25 million. IP Unity said that its investors are supporting the transaction, which is expected to close within 30 days. It has raised over $85 million in VC funding from firms […]
North America Sports Media Inc., a portfolio company of Pfingsten Partners, has acquired Premiere Sports Travel LLC, Premiere Plus LLC and Gotickets.com LLC, affiliated companies that sell travel, hospitality and ticket packages for major sporting and entertainment events worldwide. No financial terms were disclosed. www.nasminc.com