EPAM Systems, a provider of software development outsourcing in Eastern Europe and Russia, has acquired B2Bits Corp., a provider of software and consulting services to capital markets organizations within the financial services sector. No financial terms were disclosed. There also is a report that EPAM has agreed to buy Kazakhstan-based software development firm Plusmicro in […]
Are you holding tickets to fly on a private equity-owned airline? May I suggest a train or automobile? ATA Airlines today canceled all current and future flights, after filing for Chapter 11 bankruptcy protection. If that sounds familiar, it might be because Aloha Airlines did the exact same thing earlier this week. In fact, the […]
Jordan Health Services, a Mount Vernon, Texas-based provider of in-home Medicaid and Medicare services, has acquired CareLink, a provider of in-home Medicare services in Dallas. No financial terms were disclosed for the deal, which was financed via an additional equity investment from JHS owner Trinity Hunt Partners. PRESS RELEASE Trinity Hunt Partners has announced […]
Advent International has completed a EUR 19m (US$30m) bolt-on to its Romanian decorative paints producer Dufa Deutek. The company has acquired Bengoss, a Romanian mortar and core adhesives maker and will enable Dufa Deutek to expand into the constructions materials sector. The enlarged business is aiming to generate revenues of EUR 65m in 2009. This […]
Tinglobal Ltd., a UK-based provider of refurbished, midrange IT infrastructure and services, has acquired Powercore, a provider of services for midrange hardware products. No financial terms were disclosed for the deal, which was sponsored by Tinglobal shareholder Shackleton Ventures Ltd. PRESS RELEASE Shackleton Ventures Limited (“Shackleton” or “the Company”), the secondaries venture capital […]
MindShift Technologies Inc., a Fairfax, Va.-based managed service provider, has acquired Collaboration Online Ltd., a Burlington, Mass.-based provider of SaaS solutions to small and mid-sized businesses. No financial terms were disclosed. MindShift has raised over $157 million in VC funding since 1999, including a $14 million Series DD round last year from TD Fund, Columbia […]
I was wondering if the NVCA and Daddy Thomson would even bother sending out their quarterly press release on VC exits, given how little IPO and M&A activity there was between January and March. But apparently it’s a “for better of for worse” sort of arrangement, and the doc showed up this morning as unexpected […]
TouchPoint Print Solutions Corp., a printing company acquisition platform sponsored by Huron Capital Partners, has acquired Berman Printing. No financial terms were disclosed. Berman is a Cincinnati-based provider of sheet-fed commercial printing, dimensional packaging and fulfillment services for clients ranging in size from small businesses. PRESS RELEASE Huron Capital Partners LLC announced today […]
The new deal pipeline is nearly dry, and most of the exits are blocked. So let’s move on to what may become the buyout market story of 2008: Defaults. In can be tough to predict which deals will or won’t go bust, but S&P gives us some breadcrumbs each month with its “Weakest Links” list of […]
PMG Partners, a provider of medical billing and collection services, has acquired Medibis, an Oklahoma City-based provider of Web-based reporting, analysis and benchmarking software for ambulatory surgery centers. No financial terms were disclosed. PMG is a portfolio company of Bertram Capital. PRESS RELEASE PMG Partners, LLC announced today it acquired Oklahoma City, OK-based MEDIBIS, a […]