Kohlberg & Company reached a settlement in its litigation with Centerplate, Inc., a Stamford, Conn.-based cooncessions company the firm had agreed to acquire. Press release: Centerplate, Inc. announced today that it has reached a settlement to previously disclosed litigation in connection with Centerplate’s planned merger with an affiliate of Kohlberg & Company, L.L.C., a leading […]
(Reuters) – Italian designer Roberto Cavalli said he had agreed to sell a minority stake in his fashion house to private equity company Clessidra, business daily Il Sole 24 Ore reported on Thursday. “I am close to signing a preliminary (agreement) for the sale of a minority stake to the Clessidra fund,” Cavalli was quoted […]
(Reuters) – A U.S. judge on Thursday dismissed Alliance Data Systems Corp’s lawsuit against private equity firm Blackstone Group relating to an aborted deal to buy the credit card processor. Blackstone agreed to a $6.76 billion deal to buy Alliance Data in May 2007, but the deal collapsed in April 2008. Alliance sued Blackstone to […]
NEW YORK, Jan 15 (Reuters) – A U.S. judge on Thursday dismissed Alliance Data Systems Corp’s (ADS.N) lawsuit against private equity firm Blackstone Group (BX.N) relating to an aborted deal to buy the credit card processor. Blackstone agreed to a $6.76 billion deal to buy Alliance Data in May 2007, but the deal collapsed in […]
NPC International Inc., a Lenexa, Kan.-based franchisee and operator of Pizza Hut franchises, has agreed to acquire 51 additional units from Pizza Hut Inc. for $14.4 million in cash. NPC was acquired in 2006 by Merrill Lynch Global Private Equity, and currently operates 1,098 restaurants and delivery/carryout units in 27 states.
MedAvant Healthcare Solutions, a Santa Ana, Calif.-based provider of technology for the electronic exchange of medical claims and clinical information, has acquired the Medicare crossover business of HDM Corporation. No financial terms were disclosed. Marlin Equity Partners acquired the assets of MedAvant out of bankruptcy last fall.
Greatwide Logistics Services, a Dallas, Texas-based provider of third-party logistics, has received bankruptcy court approval for its acquisition by a group of its first-lien secured holders, including affiliates of Centerbridge Capital Partners and D. E. Shaw. The company had been acquired for $730 million in late 2006, by Investcorp and Hicks Holdings, while seller Fenway […]
Alpine Biomed, a Fountain Valley, Calif.-based maker of diagnostic equipment used in gastroenterology, urology and neurology, has acquired Stellate Systems Inc., a Montreal-based maker of neurodiagnostic systems. No financial terms were disclosed. Alpine Biomedi s a portfolio company of Water Street Healthcare Partners.
Warburg Pincus has agreed to buy $175 million of common stock in Nuance Communications Inc. (Nasdaq: NUAN). Warburg Pincus already holds approximately 15% of all outstanding Nuance shares.
Austin Ventures has formed Century Payments Inc., a Dallas-based acquisition platform focused on the payment processing market. The company will be run by Robert Wechsler, an AV executive-in-residence who previously was an executive vice president and head of global sales and services for Chase Paymentech Solutions. AV is committing up to $50 million to the company, which already has made three acquisitions.