Love ‘em or hate ‘em, dividend recaps were a hallmark of the recent buyout boom. Firms would buy companies in highly-levered transactions, and then pile on more debt post-close, in order to reimburse their (paltry) equity commitments. All fun and games until somebody can’t pay the Piper Jaffray. Critics (like me) assailed the practice as […]
Perimeter eSecurity, a Milford, Conn.-based provider of managed network security services, has acquired Seccas LLC, a provider of e-messaging compliance solutions to public and private financial services companies. No financial terms were disclosed. Perimeter eSecurity has raised over $100 million in VC funding from Goldman Sachs, Bessemer Venture Partners and the Stripes Group. www.perimeterusa.com www.seccas.com
The Jordan Company is merging portfolio company ICMS Holdings with fellow chemical management services provider Haas TCM Inc. No financial terms were disclosed. PRESS RELEASE “I am pleased to announce that Haas TCM Inc. and its subsidiaries, Kemfast Aerospace Group, Ltd. and Kemfast, Ltd (collectively Kemfast) and its MC Technologies division have combined with […]
Zenith Products Corp., a portfolio company of Charlesbank Capital Partners, has acquired India Ink, a maker of bed and bath accessories. No financial terms were disclosed. MHT Securities advised Zenith on the deal. www.zenith-interiors.com
Bain Capital this morning announced that it will buy Bright Horizons Family Solutions for $48.25 per share. It also took pains to emphasize that Goldman Sachs had committed debt financing, and that Bain can’t bail due to leverage-related difficulties. But don’t quite begin rooftop yawping about a return to Merger Mondays. The public markets have […]
Tredegar Corp. (NYSE: TG) has agreed to sell its aluminum extrusions operations in Canada for $25 million to WXP Holdings Inc., an affiliate of H.I.G. Capital. PRESS RELEASE Tredegar Corporation (NYSE: TG) announced today that it has agreed to sell its aluminum extrusions operations in Canada for $25 million to WXP Holdings, Inc., an […]
OneAccess, a France-based provider of enterprise access routers and IP services, has acquired AETA.com, a provider of network transmission equipment, including high-speed Ethernet point-to-point and point-to-multipoint solutions. No financial terms were disclosed. OneAccess has raised over $25 million in VC funding from firms like AGF Private Equity, CIC Capital, T-Venture, VPSA, Innovacom, HarbourVest Partners and […]
SunGard has acquired the assets of Financial Technology Integrators LLC, a provider of Web-based portfolio management, pre-trade compliance, regulatory compliance, performance reporting and modeling systems. No financial terms were disclosed. SunGard was acquired in 2005 by seven private equity firms. www.sungard.com
Marketwire, a portfolio company of OMERS Capital Partners, has agreed to acquire International Media Services Cos., a Miami-based provider of newswire services to emerging markets in Asia and Latin America. No financial terms were disclosed. PRESS RELEASE Marketwire, a full-service newswire and communications workflow solutions provider, today announced an agreement to acquire Miami-based International Media […]
Healthcare Brands International, a UK-based provider of OTC medicines, has acquired Antula Holdings AB, a Scandinavian OTC healthcare business, and its subsidiaries. No financial terms were disclosed. HBI financed the deal via a new venture infusion co-led by Essex Woodlands Health Ventures and existing shareholders 3i Group and MVM Life Science Partners. Other return backers […]