Merrill Corp. said that its wholly-owned subsidiary WordWave International Pty Ltd. has acquired ComputerReporters, a provider of reporting services to the legal, corporate and government markets in Australia. Merrill is a provider of document management services to the financial, legal and real estate markets, and is backed by DLJ Merchant Banking. www.merrillcorp.com
NXP Semiconductors BV of The Netherlands has agreed to acquire the mobile phone equipment business of Austin, Texas-based Silicon Laboratories Inc. (Nasdaq: SLAB). The deal is valued at $285 million, plus a possible $65 million earn-out based on performance over the next three years. NXP is the former semiconductor division of Royal Philips Electronics, which […]
Mattress Firm, a mattress retailer recently acquired by J.W. Childs Associates, has agreed to buy Bedtime Mattress Co., a Las Vegas-based mattress retailer with 15 locations. No financial terms were disclosed for the deal, which is expected to close within the next 45 days. Once completed, the deal will bring Houston-based Mattress Firm's total store […]
Three PE-backed companies canceled IPOs during the first week of February. Two of them gave no explanation, perhaps because they knew that the answers lay in the mirror. But the third company – Trident Resources Corp. – blamed “market conditions.” For the uninitiated, that’s legalese for: “It’s the market that sucks, not us.” The SEC […]
Smith Micro Software Inc. (Nasdaq: SMSI) has agreed to acquire Ecutel Systems Inc., a Herndon, Va.
Caritor Inc., a San Ramon, Calif.-based provider of IT services, has agreed to acquire business process and IT services firm Keane Inc. (NYSE: KEA) for $14.30 per share in cash (19% premium to yesterday's closing price). The total deal is valued at approximately $854 million, with Caritor receiving equity financing from existing shareholder Citigroup Venture […]
Realm Business Solutions, a Houston, Texas-based provider of software for the commercial real estate lifecycle, has acquired Tree Software and Consulting Inc., a Cherry Hill, N.J.-based real estate software company. No financial terms were disclosed, except that the deal was partially financed by existing Realm backers Insight Venture Partners and Lightyear Capital. www.realm.com www.treesoft.com
I know it’s brisk outside, but there’s got to be some other reason for the recent spate of canceled PE-backed IPOs. Last Friday it was Tube City IMS, and today’s it’s Hyco International and Trident Resources Corp. No official explanations were given in any of the withdrawal filings, save for Trident’s lame notation about “market […]
CoreLogic Systems Inc., a Sacramento, Calif.-based provider of mortgage risk assessment and fraud prevention solutions, has merged with The First American Corp. (NYSE: FAF). The combined entity is majority owned by First American Corp. via its FARES LLC joint venture with Experian Group, while CoreLogic shareholders
Specialty European Pharma Ltd., a UK-based drug commercialization company, has raised