Bright Horizons Family Solutions, a Bain Capital portfolio company, has acquired Work Options Group Inc., a Boulder, Colo.-based provider of back-up care solutions for both children and elders. No financial terms were disclosed.
Hub International Ltd., a Chicago-based insurance brokerage, has acquired the assets of Gemini Group Inc., a Denver-based employee benefits broker and consultant. No financial terms were disclosed. Hub was taken private in 2007 for $1.8 billion by Apax Partners and Morgan Stanley Principal Investments.
United Road Services Inc., a Romulus, Mich.-based provider of vehicle transportation and logistic services, has acquired Autolog Auto Transport, a Linden, N.J.-based vehicle logistics provider. No financial terms were disclosed. United Road is owned by The Gores Group.
Vector Capital is nearing a deal to acquire Israeli security software company Aladdin Knowledge Systems (Nasdaq: ALDN), according to TheMarker website. The company’s shares rose 37% to $9.62 per share on the news, which comes months after Aladdin rejected a $13 per share offer from Aladdin. www.aladdin.com
Standard & Poor's Ratings Services has lowered the corporate credit ratings of Aleris International Inc. from B to CCC+, and left its ratings on CreditWatch with “negative implications.” The Beachwood, Ohio-based aluminum products company was acquired by TPG Capital in 2006 for approximately $3.3 billion. www.aleris.com
Synchronous Aerospace Group, a portfolio company of Littlejohn & Co., has acquired Helicomb International Inc., a Tulsa, Okla.-based provider of aerospace composite structures. No pricing terms were disclosed for the deal, which included equity financing from Littlejohn and debt financing from Jefferies Finance.
Rockbridge Growth Equity has acquired Northcentral University, a Prescott Valley, Ariz.-based online university with around 7,500 current students. No financial terms were disclosed. Rockbridge was advised on the deal by Berkery Noyes.
FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired E.H. Burrell Co., a wholesale distributor of parts and accessories for commercial trucks and heavy equipment. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management. E.H. Burrell Co. was advised by The March Group.
CIVC Partners has acquired Goldline International Inc., a Santa Monica, Calif.-based precious metals trading company, for over $50 million. Company management also participated.
NEW YORK (Reuters) – Private equity firm Apollo Management LP is among the largest creditors of Lyondell Chemical Co., Bloomberg reported, citing a person with direct knowledge of the matter. The U.S. operations of LyondellBasell, the world’s third-largest petrochemical company, filed for bankruptcy protection on Tuesday, under the weight of a massive debt load and […]