The following is an email from a limited partner with J.C. Flowers, the buyout firm that is in a litigious battle to buy (or perhaps not to buy) student lender Sallie Mae. I’ve been talking to a lot of these LPs, and this basically sums up what I’ve heard. It’s being kept anonymous, per the […]
Medical Specialties Distributors LLC, a Stoughton, Mass.-based supplier of healthcare products and biomedical equipment rentals and services, has acquired of Wren Medical Systems Inc., a Gurnee, Ill.-based distributor of infusion and enteral therapy products to both the alternate site and acute care markets. No financial terms were disclosed. MSD is a portfolio company of MBF […]
Navarro Discount Pharmacies LLC, a portfolio company of MBF Healthcare Partners, has agreed to acquire Sedano's Pharmacy & Discount Store Inc., a drug retail company with 11 pharmacies in the South Florida market. No financial terms were disclosed. www.navarro.com
PQ Corp., a specialty chemical company acquired in July by The Carlyle Group, has agreed to acquire INEOS Silicas, a division of INEOS. No financial terms were disclosed, except that the combined company would have annual sale revenue in excess of $1 billion. Carlyle Group will hold around a 60% stake in the company, while […]
Specialty Coating Systems Inc., a portfolio company of Bunker Hill Capital, has acquired the remaining interests it did not already own in Parylene Japan KK. No financial terms were disclosed. PJKK was originally formed as a joint venture between SCS and Three Bond Co. of Japan, in order to provide parylene coating services within Japan.
Alliant Insurance Services Inc., an insurance firm bought by The Blackstone Group in August, has acquired Clarity Benefit Consulting, an Atlanta-based provider of specialty consulting services in the areas of absence management and disability and life insurance. No financial terms were disclosed. www.alliantinsurance.com
DARA Biosciences Inc. has agreed to go public via a reverse merger with Point Therapeutics Inc. (Nasdaq: POTP), following which DARA shareholders would hold 96.4% of Point's outstanding shares. The merged company will retain the DARA Biosciences name. DARA is a Raleigh, N.C.-based drug company that has raised just over $10 million in VC funding […]
SendMe, a San Francisco-based mobile media company, has acquired Mbuzzy, an off-portal mobile community for the U.S. market. No financial terms were disclosed. SendMe has raised $6 million in VC funding from Spark Capital and True Ventures. www.sendme.com www.mbuzzy.com
Sallie Mae has received expressions of interest from buyers other than J.C. Flowers, company chairman Albert Lord said today during a Q3 earnings call. Lord did not provide any specifics — including if those buyers would be willing to meet the $60 per share price that Flowers has since walked back from. The Flowers consortium […]
1105 Media Inc., a Chatsworth, Calif.-based portfolio company of Alta Communications and Nautic Partners, has acquired three public sector IT trade shows from National Trade Productions. No financial terms were disclosed for the transaction, which included: GovSec, serving the government security market; U.S. Law, for the law enforcement market; and Ready, serving emergency preparedness professionals. […]