I just got off the phone with a Wall Street arbitrager, who is trying to figure out what to do about Clear Channel Communications. The company is trading nearly 25% lower than its agreed-upon buyout price, and yesterday’s DoJ approval actually makes it cheaper for the buyout firms — Bain Capital and THL Capital — to walk […]
The Riverside Company has acquired Integrated Power Services, a Greenville, S.C.-based company that provides repair and other services of large electric motors. No financial terms were disclosed. IPS will be added to existing Riverside portfolio company Electro-Mec, which is based in Indiana, Pennsylvania. PRESS RELEASE The Riverside Company is motoring ahead with its 2008 […]
TeraCloud Corp., a Bellevue, Wash.-based storage analytics company, has acquired Estorian Inc., a Bellevue, Wash.-based developer of an email archiving, discovery and retrieval product. No financial terms were disclosed for the deal, although a regulatory filing indicvates that TeraCloud raised $8.9 million to finance the deal. TeraCloud
In 2002, a group of buyout pros drove out to the Hamptons. In their trunk was the body of Gordon Gekko, and every available copy of Barbarians at the Gate. They buried Gekko, burned the books and returned to Manhattan. They then told everyone that buyout firms now do deals in partnership with company management, and that […]
Buckeye GP Holdings (NYSE: BGH) has completed its $145.5 million cash acquisition of regional fuel distributor Farm & Home Oil Co. Buckeye is partially owned by ArcLight Capital Partners, Kelso & Co. and Lehman Brothers. www.buckeye.com
Atempo Inc., a Palo Alto, Calif.-based provider of cross-platform data protection and archiving solutions, has acquired Lighthouse Global Technologies Inc., a Greenwich, Conn.
onTargetjobs, a portfolio company of Warburg Pincus, has acquired RegionalHelpWanted.com, a network of over 350 geographically focused Internet job boards. No financial terms were disclosed, although Classified Intelligence pegs the figure at $100 million. PRESS RELEASE onTargetjobs, the leading niche Internet job board company, announced today its acquisition of RegionalHelpWanted.com, a network of over 350 […]
Harmony Information Systems, a provider of software for the health and human services sector, has acquired Synergy Software Technologies Inc., a Burlington, Vt.-based provider of case management software for federal, state and local governments. Harmony is backed by JMI Equity and Updata Partners. Synergy Software was advised on the sale by GE Equity. PRESS […]
Copper Conferencing, a Broomfield, Colo.-based provider of conference calling services to small and medium-sized businesses, has acquired San Diego-based The Conference Depot for $11 million. NewWest Capital Partners provided equity to sponsor the deal, while subordinated debt was provided by Bush O'Donnell Capital Partners. PRESS RELEASE Copper Conferencing has acquired competitor The Conference Depot […]
Sage Holdings, an acquisition platform backed by The Riverside Company, has acquired UK-based financial communications firm M:Commuinications and global proxy solicitation firm D.F. King & Co. No financial terms were disclosed. PRESS RELEASE The Riverside Company, along with several other investors, has backed Sage Holdings (“Sage”) in the acquisition of a premier financial […]