La-Z-Boy Inc. (NYSE: LZB) has agreed to sell its Clayton Marcus subsidiary to Rowe Fine Furniture Inc., a portfolio company of Sun Capital Partners. No financial terms were disclosed. Clayton Marcus is a Hickory, N.C.-based maker of mid-to-high priced upholstered furniture. www.claytonmarcus.com
Avail Media Inc., a Reston, Va.-based provider of IPTV and other media services to broadband operators, has acquired ViewNow, a supplier of video-on-demand programming. No financial terms were disclosed. Avail raised a $17 million Series B round earlier this year from Novak Biddle Venture Partners, Columbia Capital, Pioneer Investors and the Benaroya Companies. The selling […]
Bridgepoint Education, a San Diego-based portfolio company of Warburg Pincus, has acquired the Colorado School of Professional Psychology. No financial terms were disclosed. CSPP is a Colorado Springs, Colo.-based school that offers psychology degrees at the master's and doctorate levels. It has been renamed The University of the Rockies. www.bridgepointeducation.com
ChannelAdvisor Corp., a Morrisville, N.C.-based provider of channel management solutions, has acquired rival Marketworks Inc. of Atlanta. No financial terms were disclosed. ChannelAdvisor has raised over $64 million in total VC funding, from backers like Advanced Technology Ventures, Kodiak Venture Partners, New Enterprise Associates, TriState Investment Group, eBay Inc., Atlantis Group, Montagu Newhall Associates […]
LAS VEGAS (AP) – Casino operator Harrah's Entertainment Inc. said Wednesday that one of its subsidiaries acquired a golf course in Macau for undisclosed terms, marking its first entry into the lucrative gambling market but without the rights to build a casino. Harrah's, which is being taken private in a $17.1 billion transaction, has struggled […]
Melita Cable PLC, a Malta-based communications provider recently acquired by GMT Communications Partners, has agreed to acquire 3G Telecommunications Ltd., a portfolio company of M/C Venture Partners. The deal will enable Melita Cable to roll out Malta's third wireless communications network, and gives M/C Venture Partners a minority ownership position in Melita. www.melitacable.com
GoAmerica Inc. (Nasdaq: GOAM) has agreed to acquire Hands On Video Relay Services Inc., a Rocklin, Calif.-based provider of audio and video communications for deaf and hard-of-hearing people. The deal is valued at approximately $69 million, including $35 million in cash and 6.7 million shares of GoAmerica common stock. Clearlake Capital will help finance the […]
ITSolutions, a Silver Springs, Md.-based provider of IT services to federal, state and local government agencies, has agreed to acquire Codin Solutions Inc., a Herndon, Va.-based provider of IT services to the U.S. federal government. No financial terms were disclosed. ITSolutions is backed by Edgewater Funds. www.itsolutions-llc.com
NRG Media, a Cedar Rapids, Iowa-based radio network, has purchased five radio stations in Lincoln, Nebraska. No additional information was disclosed. NRG was formed via a 2005 consolidation of radio stations owned by Waitt Media and NewRadio Group. Its shareholders include Alta Communications, Waitt Media and the McCarthy Group. www.nrgmedia.com
When the Home Depot Supply buyout was reworked earlier this month, numerous press reports discussed how the resolution would serve as a model for other hung transactions. Then I read the same thing earlier this week, when KKR made some minor concessions on the leverage terms for its pending buyout of First Data. So does […]