Multi Packaging Solutions, a portfolio company of Bear Stearns Merchant Banking, has acquired Innovative Folding Carton from ICV Capital Partners and the 21st Century Group. No financial terms were disclosed, except that the sale represented a 2x equity return for the sellers. Innovative Folding Carton is a South Plainfield, N.J.-based provider of custom, specialty and […]
UK private equity firm Sovereign Capital has backed its social housing services company Kinetics Group to acquire The Lord Group. Lord is a Rochdale-based fabric maintenance provider to the Greater Manchester social housing sector. Following several significant acquisitions, Kinetics Group has grown from a US$64m (Gbp32m) revenue business in 2006 to a company with annual […]
Lab21, a UK-based provider of health and environmental diagnostics, has acquired NPTech Ltd., a provider of diagnostic testing services for the British NHS and private healthcare providers in the UK and parts of Europe. No financial terms were disclosed. Lab21 has raised VC funding from firms like Merlin Biosciences and Kreos Capital. PRESS RELEASE […]
Senior Care Centers of America, a portfolio company of Clearview Capital, has acquired Preston House Adult Day Care, a provider of care to elderly and disabled adults in the Hartford, Conn. area. No financial terms were disclosed. PRESS RELEASE Clearview Capital, LLC has completed the acquisition of Preston House Adult Day Care, which […]
What a difference a year makes. Last March, credit markets were wide open and each week seemed to bring a new multi-billion buyout. At that time, the biggest challenge facing private equity firms was coping with rising multiples and the frantic pace of dealmaking. Today, as the credit markets struggle and the economy slows, it’s […]
ViaWest, a Denver-based provider of colocation and managed hosting solutions, has acquired Dataside, a Dallas-based provider of data center infrastructure space and managed network services. No pricing terms were disclosed. Existing ViaWest backer Cowen Capital Partners led an equity tranche to help finance the acquisition, and was joined by Goldman Sachs and Quilvest. Goldman Sachs and […]
Clearview Capital has acquired Berthoud, Colo.-based Mayo Welding Services Inc. as its third add-on acquisition for Hettinger Welding LLC, a provider of facilities construction, pipelining and welding services for customers building natural gas infrastructure in the Rocky Mountain region. No financial terms were disclosed. PRESS RELEASE Clearview Capital, LLC of Old Greenwich, CT has […]
Dynamic Offshore Resources LLC has acquired a 75% interest in SPN Resources LLC, the oil and gas subsidiary of Superior Energy Services Inc. (SPN), for $165 million. SPN will retain the other 25 percent. Dynamic was formed earlier this year to acquire and develop oil and gas producing properties in the Gulf of Mexico. It […]
Widearea Systems, a Frederick, Md.-based, has acquired the operating assets of Magicsoft, including the multipoint video conferencing product VC Wizard. No financial terms were disclosed. Widearea has raised startup funding from the Maryland Technology Development Corp., while MagicSoft has raised around $3.25 million in VC funding led by NexGen Capital. PRESS RELEASE Widearea […]
York Label, a labeling solutions company owned by Wind Point Partners, has made two acquisitions in Chile: Etiprak SA and a 50% interest in Etiquetas Industriales Ltda. No financial terms were disclosed. PRESS RELEASE York Label announced it has acquired Etiprak, S.A. through its Cameo-Marinetti joint venture, and a 50% interest in Etiquetas Industriales […]