N.E.W. Customer Service Companies Inc., a provider of extended service plans and buyer protection programs for consumer products, has merged with cell phone warranty company Asurion Corp., according to The Deal. No financial terms were disclosed. N.E.W. is a portfolio company of Berkshire Partners, while Asurion is owned by Madison Dearborn Partners, Providence Equity Partners […]
Passport Health Communications Inc., a Franklin, Tenn.-based provider of payer and patient information technology services for healthcare providers, has acquired Nebo Systems Inc., an Oakbrook Terrace, Ill.-based provider of revenue cycle management and claims consulting services. No financial terms were disclosed. Passport has raised over $90 million in private funding, including a $70 million recap […]
FRANKFURT, May 23 (Reuters) – Loss-making German chipmaker Infineon Technologies AG (IFXGn.DE: Quote, Profile, Research) is in talks with Dutch peer NXP [NXP.UL] to forge “closer cooperation”, German newspaper Handelsblatt said on Friday, citing unnamed sources. The talks, which are in a “sensitive” phase, were not about a takeover but focused on how the companies […]
What: Citigroup and Spain’s Abertis Infraestructuras are co-leading a $12.8 billion bid to privatize the Pennsylvania Turnpike, a toll road that stretches 532 miles from the Ohio state line to the New Jersey state line. The Pennsylvania state legislature still needs to approve the offer, which will total $14.5 billion once committed working capital is […]
nGenera Corp. (fka. BSG Alliance), an Austin, Texas-based provider of on-demand enterprise software, has acquired Talisma Corp., a Bellevue, Wash.-based provider of customer interaction management software. No financial terms were disclosed. nGenera has raised over $63 million in VC funding from Oak Investment Partners, Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures. Talisma […]
Adrenaline Family Entertainment Inc., an amusement park operating company, has acquired Alabama Adventure in Bessemer, Alabama, from Southland Entertainment. No financial terms were disclosed. Adrenaline is majority-owned by Angelo, Gordon & Co., and led by a team of former Six Flags executives. PRESS RELEASE Adrenaline Family Entertainment, Inc. announced today the acquisition of Alabama […]
Warburg Pincus has completed its $100 million PIPE with Nuance Communications Inc. (Nasdaq: NUAN). The firm purchased approximately 5.76 million Nuance shares at $17.36 per share. The transaction closed in conjunction with Nuance's acquisition of eScription, a provider of computer-aided medical transcription software. PRESS RELEASE Nuance Communications, Inc. (NASDAQ: NUAN), the world's leading supplier […]
Mindjet Corp., a San Francisco-based provider of software that lets people organize and express their ideas visually, has acquired a project management software application from Gantt Solution. No financial terms were disclosed. Mindjet has raised over $20 million from 3i and Investor Growth Capital. PRESS RELEASE Mindjet
Ascension Insurance Inc., a Kansas City-based insurance and employee benefits agency focused on mid-market companies nationwide, has acquired Employers Mutual of Stuart, Florida. No financial terms were disclosed. Ascension Insurance is a portfolio company of Parthenon Capital and Century Capital Management. PRESS RELEASE Ascension Insurance, Inc. has announced the acquisition of Employers Mutual, […]
PE-backed bankruptcies are on the rise, which means that firms should pay particular attention to a preliminary ruling handed down last week in Delaware. It related to the manner in which McCown De Leeuw & Co handled the wind-down of portfolio company The Brown Schools. Specifically, certain Brown Schools creditors believed that McCown De Leeuw […]