TORONTO (Reuters) – MDS Inc (MDS.TO) said on Wednesday it had struck a deal to sell its Analytical Technologies division and will seek buyers for its Pharma division so that it can concentrate on nuclear imaging, a move that some saw as a precursor to the company being wound up. The Canadian life sciences company, […]
Industrial Opportunity Partners has sponsored a management recap of Carlson Systems Inc., an Omaha, Neb.-based distributor of product assembly systems for Midwestern construction, industrial and OEM customers. No financial terms were disclosed, except that First National Bank of Omaha provided financing.
Tricor Pacific Capital has completed its acquisition of FabPro Oriented Polymers LLC from Polymer Group Inc. (OTC BB: POLGE). No financial terms were disclosed. FabPro is a Kingman, Kan.-based maker of performance polymers and synthetic fibers for the agricultural, construction and commercial segments.
Roark Capital Group has completed its acquisition of Pet Valu Inc., a Toronto-listed pet supplies retailer. The deal was valued at approximately C$143.7 million, or C$13.68 per Pet Valu share
Cardinal Equity Partners has led a recapitalization of Advanced Physical Therapy LLC, a provider of physical therapy services in Indiana. No financial terms were disclosed. Centerfield Capital Partners also participated.
TGP Investments has acquired the Event Media unit of Ascend Media Holdings. No financial terms were disclosed. Ascend Media is currently controlled by its lenders, led by Wells Fargo. It previously was owned by CCMP Capital and Veronis Suhler Stevenson, until defaulting on its debt covenants earlier this year.
McKenzie Sports Products LLC, a portfolio company of Gridiron Capital, has acquired Van Dyke's Taxidermy Inc. from Cabela's Inc. (NYSE: CAB). No financial terms were disclosed. Van Dyke's is a Woonsocket, S.D.-based provider of taxidermy products and supplies.
One Equity Partners has completed its $75 million investment into ArthroCare Corp. (OTC BB: ARTC), an Austin, Texas-based maker of minimally-invasive surgical products. The investment was be in the form of newly-issued Series A convertible preferred stock, convertible into common stock at $15 per share.
TAIPEI (Reuters) – The buyer of AIG’s (AIG.N) Taiwan unit Nan Shan Life should run it for at least seven years, the island’s financial regulators said on Tuesday, indicating there will be no swift exit for any buyer. “We do not welcome those seeking quick profits in the short term,” Sean Chen, chairman of the […]
NEW YORK (Reuters) – Freedom Communications Holdings Inc and 49 affiliates filed for Chapter 11 bankruptcy on Tuesday, becoming the latest newspaper publisher to seek court protection from creditors. Freedom Communications, which owns the Orange County Register in Southern California and more than 30 other daily newspapers and eight television stations, listed assets of $757 […]