NextPoint Networks Inc. has been formed via the merger of NexTone Communications and Reef Point Systems, to deliver global fixed-mobile convergence border platforms and secure interconnectivity solutions. The merger is being sponsored by $20 million in new VC funding. One Equity Partners led the round, and was joined by Core Capital Partners, American Capital Strategies, […]
Wyle Laboratories Inc., an El Segundo, Calif.-based defense engineering testing and research company, has acquired RS Information Systems, a McLean, Va.-based federal systems integrator. No financial terms were disclosed. Wyle is a portfolio company of Littlejohn & Co. PRESS RELEASE Wyle, a leading provider of high tech aerospace engineering, testing and research services and […]
Local Insight Media LP, a publishing portfolio company of Welsh Carson Anderson & Stowe, has completed its acquisition of Hawaii Telecom's directories business. No financial terms were disclosed. PRESS RELEASELocal Insight Media, L.P. and Hawaiian Telcom, Inc. today announced that Local Insight Media has completed the previously announced acquisition of Hawaiian Telcom's directories business, […]
Refrigerated Holdings Inc. has acquired a majority stake in East Coast Warehouse & Distribution Corp., an Elizabeth, N.J.-based third-party provider of temperature-controlled warehousing and logistics services. No financial terms were disclosed. Refrigerated Holdings is an acquisition platform sponsored by Fenway Partners, which a focus on investments in the temperature-controlled logistics sector. www.fenwaypartners.com
Performance Fibers Holdings Inc., a portfolio company of Sun Capital Partners, has agreed to acquire the North America tire cord and polyester industrial filament businesses of INVISTA Sarl and its affiliates. No financial terms were disclosed for the deal, which includes manufacturing facilities in Salisbury, N.C., Shelby, N.C. and Winnsboro, S.C. It also includes fabric-producing assets currently […]
Who says the quick flip is dead? Not The Blackstone Group, which reportedly has filed to take Travelport public, just 15 months after buying the company from Cendant for $4.3 billion (along with One Equity Partners and Technology Crossover Ventures). Now I know this isn’t exactly a textbook quick flip, as Blackstone & Co. will still […]
Boston (AP) — Houghton Mifflin Co. said Monday it is selling its college unit to educational publisher Cengage Learning for $750 million in cash as it focuses more on its kindergarten through 12th grade, trade and reference businesses.Cengage, previously known as Thomson Learning, said it will use additional term loans under an existing credit agreement […]
Aptuit Inc., a Greenwich, Conn.-based provider of streamlining and support services for drug developers, has completed its acquisition of the chemical development business of Evotec AG (Frankfurt: EVT). The deal was valued at approximately EUR46.4 million in cash, and included Evotec's capabilities in process R&D, custom preparation, analytical development, pilot plant manufacturing and formulation. Aptuit […]
Xtera Communications, an Allen, Texas-based optical networking and services company, has acquired Azea Networks Ltd., a UK-based provider of optical networking solutions. No financial terms were disclosed. Xtera has raised over $218 million in total VC funding, from firms like The Wellcome Trust, New Enterprise Associates and Arch Venture Partners. Azea had raised over $57 […]
BSG Alliance Corp., an Austin, Texas-based provider of on-demand enterprise software, has acquired New Paradigm, a business innovation consulting firm led by Don Tapscott. No financial terms were disclosed. BSG earlier this year raised $20 million in VC funding from Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures. www.bsgalliance.com