Silver Lake Partners has agreed to acquire a 62% indirect equity stake in Allyes Online Media Holdings, the Internet subsidiary of Focus Media Holding Ltd. (Nasdaq: FMCN). The deal is valued at $124 million.
Water Street Healthcare Partners has acquired Medical Specialties Distributors LLC, a Stoughton, Mass.-based provider of infusion products, supplies, biomedical services and technology solutions to the home infusion therapy market. No financial terms were disclosed. MBF Healthcare Partners was the seller.
The Sterling Group has acquired a majority stake in CCCG LLC, including subsidiaries Express Integrated Technologies and Express Metal Fabricators. No pricing terms were disclosed. BNP Paribas provided debt financial. Tulsa-based Express makes heat transfer, environmental compliance and sound suppression equipment.
THL Partners announced an agreement to acquire Intermedix Corp., a provider of revenue cycle management solutions for emergency services providers, from Parthenon Capital Partners. No financial terms were disclosed. peHUB first reported on the deal earlier this week.
Silver Lake Partners and Warburg Pincus have completed their take-private buyout of financial information provider Interactive Data Corp. The $22.86 per share deal valued IDC at approximately $3.4 billion.
Dimensional Associates has completed a $2.05 per share take-private acquisition of The Orchard, a provider of music and video distribution and digital strategy. Dimensional already was The Orchard's majority shareholder.
LOS ANGELES/BANGALORE (Reuters) – Walt Disney Co (DIS.N) said on Friday it had sold film studio Miramax for about $660 million to an investor group, ending months of talks between the media group and various bidders. The sale of Miramax Films to a group including construction magnate Ron Tutor and investment firm Colony Capital includes […]
Newsweek finally has a buyer but the Washington Post doesn’t want them. Avenue Capital Group is considered a front runner to buy Newsweek, but Washington Post Co. is balking because the hedge fund's planned partnership with American Media, publisher of the National Enquirer, according to The Wall Street Journal. Avenue Capital wants to use American Media to handle advertising and other back-office functions, the WSJ says. AMI, which also publishes Star magazine, Shape and Muscle & Fitness, is backed by Avenue Capital and Angelo Gordon & Co.
The Carlyle Group has put skin-care companmy Philosophy Inc. on the block for $1 billion, but doesn't expect the buyer to be another private equity firm. Instead, peHUB has learned that Philosophy’s bankers are initially targeting strategic buyers like Estee Lauder and L'Oréal, and will hit up private equity as a back-up plan. An IPO also remains possible. One problem, sources say, it that there are few PE firms that "really" understand the cosmetics space. "Most of them have already done deals there and have taken their chips off the table," explains one banker.
Quorum Business Solutions, a Houston-based provider of business and IT solutions for the oil, gas and renewable energy industry, has raised an undisclosed amount of private equity from The Carlyle Group and Riverstone Holdings.