Platinum Equity will buy a 65% stake in in Caterpillar Logistics Services LLC, the third party logistics division of Caterpillar Inc.’s logistics subsidiary. The transaction is valued at approximately $750 million. Under the terms of the agreement, Caterpillar would retain a 35% equity stake. Other details are not being released. PRESS RELEASE Caterpillar Inc. CAT […]
Videoconferencing company Polycom Inc. said it will sell its enterprise wireless voice solutions business to an affiliate of Sun Capital Partners for about $110 million in cash, Reuters reported. Sun Capital Partners is a private equity firm based in Boca Raton, Fla. (Reuters) – Videoconferencing company Polycom Inc said it will sell its enterprise wireless […]
Private equity shop Warburg Pincus is in advanced talks to buy a majority stake in Indian financial services company Future Capital Holdings Ltd. from its founders, the Economic Times reported on Friday. Warburg is expected to pay 170 rupees a share for 56% stake in Future Capital, the newspaper said. The reported offer price values […]
Silver Lake Sumeru and Essex Woodlands will acquire Birmingham, Ala.-based Medseek, a provider of online strategic patient engagement and analytics software for healthcare organizations. Terms of the deal were not released. The two firms are partnering with the company’s management on the buyout, according to a written release. PRESS RELEASE MEDSEEK, a leading provider of […]
Micron Technology is in talks to acquire Elpida Memory Inc., a Japanese chipmaker. Micron said Elpida had selected it to negotiate a deal following a bidding process, Reuters reported. U.S. private equity firm TPG Capital and China’s Hony Capital had also placed a joint bid in the final round on May 4. South Korea’s SK […]
The New York City Comptroller's Bureau of Asset Management, which oversees $122 billion across the city’s five main public pension funds, has committed $600 million to Apollo Global Management and $250 million to Golden Tree Asset Management as part of separate managed accounts that will focus on opportunistic credit strategies.
BackOffice Associates said Wednesday that John Kinzer has joined as CFO while Rex Ahlstrom was named chief strategy officer. Mark Loan joins as BackOffice’s chief sales officer, according to a statement. BackOffice supplies data migration and information governance solutions. BackOffice is backed by GS Capital partners. PRESS RELEASE BackOffice Associates, LLC, a worldwide leader in […]
Ritchie Bros. Auctioneers has agreed to buy AssetNation in a cash deal valued at $64 million. The transaction is expected to close in May. Spire Capital Partners was the seller. AssetNation is an online marketplace and solutions provider for surplus and salvage assets. PRESS RELEASE Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest […]
Camden Partners leads financing round for Capital Payments
USI Insurance Services, which is backed by Goldman Sachs Capital Partners, has acquired certain assets of National Insurance Specialists. Financial terms weren’t disclosed. The buy is expected to contribute approximately $1.6 million in revenues to USI on an annual basis. PRESS RELEASE USI Insurance Services (“USI”) today announced the closing of the acquisition of certain […]