Update: Bain and THL turn down the banks’ offer. The Clear Channel banks today offered to enter into binding arbitration with Bain Capital and Thomas H. Lee Partners, in order to reach resolution of their dispute. This is the type of lifeline you throw after being slapped silly by the courts, and continues to illustrate […]
Silver Lake Sumeru has sponsored the merger of Audio Visual Innovations and Signal Perfection Ltd., in order to form a single provider of global audio video systems and integration services. No financial terms were disclosed. PRESS RELEASE Audio Visual Innovations, Inc. (“AVI”) and Signal Perfection, Ltd. (“SPL”) announced today that the companies have merged to […]
Central European Media Enterprises Ltd (CME) is to acquire two Romanian radio stations for US$20.9m (RON 47.2m). CME is buying the two assets – news and entertainment channels Pro FM and Info Pro, from Compania de Radio Pro s.r.l. NASDAQ and Prague-listed CME operates six television networks in Romania, as well as, Croatia, Czech […]
GreenLine Foods, a provider of fresh-trimmed, microwaveable packaged green beans, has acquired HerbThyme Farms, a grower and distributor of fresh herbs in the U.S. No financial terms were disclosed. GreenLine is a platform portfolio company of The Riverside Company. PRESS RELEASE The Riverside Company has a well-seasoned recipe for success: Buy companies at the […]
Layered Technologies Inc., a Plano, Texas-based company that helps clients deploy on-demand hosting and utility computing solutions, has acquired FastServers.net, a Chicago-based managed hosting company. No financial terms were disclosed. Layered Technologies recently raised $11 million from Enhanced Equity Fund and Pangloss International. PRESS RELEASE Layered Technologies, Inc., one of the world's largest providers of […]
MediaXstream Inc., a San Jose, Calif.
iCrossing Inc., a Scottsdale, Ariz.-based digital marketing company, has acquired German competitor 3GNet. No financial terms were disclosed. iCrossing has raised around $141 million in total VC funding, from firms like Goldman Sachs, Oak Investment Partners, RRE Ventures and StarVest Partners. PRESS RELEASE Digital marketing company iCrossing has acquired 3GNet, one of Germany's longest-established […]
Buzznet Inc., a Los Angeles-based social media community focused on music and pop culture, has acquired music blog Idolator from Gawker Media. No financial terms were disclosed. Buzzznet also recently acquired music blog Stereogum and social media company Qloud. It also reportedly raised $25 million in new VC funding from Interscope Records, Redpoint Ventures and […]
The Suzo-Happ Group, a portfolio company of Pfingsten Partners, has acquired Suzo Polska, a distributor of gaming equipment in Poland. No financial terms were disclosed. PRESS RELEASE Suzo-Happ Group acquired Suzo Polska Sp. z.o.o., located in Wysogotowo, Poland. Suzo Polska, a distributor of gaming equipment in Poland, will operate as part of Suzo International, the […]
North America Sports Media, a portfolio company of Pfingsten Partners, has acquired Dodds Athletic Tours, a provider of university sports tour development and marketing. No financial terms were disclosed. PRESS RELEASE North America Sports Media, Inc. (NASM), one of the nation's leading sports marketing, travel and hospitality companies, acquired Dodds Athletic Tours, the leading full […]