Just a few days off its acquisition of DealADayOnline; BuyWithMe announced earlier today it will acquire Groop Swoop, a San Francisco-based daily deals operation. BuyWithMe launched in May 2009 and will integrate it and Taylor Wang, Groop Swoop’s founder, into its existing and growing stable of offerings. Specifics on the deal were not publicized.
(Reuters) – Twitter confirmed on Wednesday that it has bought TweetDeck, a popular third-party software application that organizes tweets, the short messages delivered through the online social network. Terms of the transaction were not disclosed in a statement but a source told Reuters earlier this month that a deal for up to $50 million was […]
New MainStream Capital and MBF Healthcare Partners LP are merging a pair of healthcare and home care assets together, the PE firms announced. SunCrest Healthcare and Omni Home Care are being merged in a deal that will result in the sponsors having joint ownership of the combined companies. Harpeth Capital acted as financial advisor to SunCrest. Greenberg Traurig, P.A. served as legal counsel on the transaction to OMNI, and Waller Lansden Dortch & Davis, LLP served as legal counsel to SunCrest. Financing for the transaction was joint lead arranged and underwritten by affiliates of GE Capital Corporation, SunTrust Robinson Humphrey and BMO Capital Markets.
NEW YORK, May 25 (Reuters) – California Pizza Kitchen Inc agreed on Wednesday to be acquired by private equity firm Golden Gate Capital for $470 million, more than a year after its hunt for a buyer began. The sale price of $18.50 a share was less than some investors had expected and fell short of […]
Vector Capital has increased its bid for RAE Systems Inc. to $133.9 million, or $2.25 per share, the firm announced Wednesday, inching above a previous bid by Battery Ventures and SFW Capital Partners. Battery and SFW Capital submitted a proposal on Tuesday to buy the company for $2.20 a share.
Buyout shop Golden Gate Capital will pay $470 million for California Pizza Kitchen Inc., Reuters reported. The sale price of $18.50 a share represents a 32% premium to the 30-day average price prior to the search for a buyer, the company announced. But the sale price does fall below the company’s 52-week high of $20 per share. Moelis & Co. served as the financial adviser to California Pizza.
Philadelphia-based Eureka Growth Capital has acquired Chicago-based Project Leadership Associates Inc., a provider of information technology and business strategy consulting services. Terms of the deal were not released. The firm did say that it partnered with senior management on the deal, and increased the number of Project Leadership managers that own equity in the company.
Top shareholders of Indonesia's PT Bank Muamalat are looking to sell at least a 51% stake in the unlisted Islamic lender, Reuters reported. A deal for the majority stake could reach about $300 million, Reuters said, adding that PT Bank Permata, a unit of Standard Chartered, Qatar Islamic Bank and OCBC are among the potential bidders. The three shareholders looking for a partial exits are Islamic Development Bank, Boubyan Bank Kuwait, and Saudi Arabia's Atwill Holdings Ltd., Reuters wrote. Combined, the three own 75.7% of the bank.
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New York-based buyout firm Riveria Investment Group has bought a minority stake in staffing and recruiting company JBCHoldings. Financial terms were not disclosed. JBC will use the proceeds from the transaction to fund growth initiatives, the company announced Wednesday. Formed in 2010, Riveria Investment Group focuses on middle-market investments.