Caltius Equity Partners, a Los Angeles-based private equity firm, has invested $15 million in SeniorBridge Family Companies, a home chronic care services provider based in New York City. The deal is the sixth investment out of Caltius’ second private equity fund, Caltius Equity Partners II LP. Press Release: Los Angeles, CA 12/17/2008 – Caltius Equity […]
Mid-market, healthcare IT provider Ascribe has agreed a £32.9m management buyout backed by ECI private equity fund. The offer, by Scroll Bidco, is 28p per share in cash and values Ascribe at £32.9m. Ascribe’s independent directors have been advised by Cenkos, and Altium has advised Scroll Bidco. Scroll Bidco is currently ultimately […]
(Reuters) – Auto and mortgage finance company GMAC LLC said about 58 percent of debt has been tendered and delivery time extended in response to investors’ requests, a few days after it sweetened the terms of a much-needed debt exchange. The company is trying to swap $38 billion of debt for a smaller amount of […]
TORONTO (Reuters) – Telus Corp (T.TO: Quote, Profile, Research, Stock Buzz), Canada’s No. 2 phone company, is not pursuing a merger with bigger rival BCE Inc (BCE.TO: Quote, Profile, Research, Stock Buzz), Telus’s chief financial officer said on Tuesday. “We’re just focused on executing our business plan,” Robert McFarlane told Reuters in an interview. “We’re […]
BRUSSELS (Reuters) – Belgian investment company GIMV (GIMV.BR: Quote, Profile, Research, Stock Buzz) has sold its majority stake in Belgian food ingredients group Sfinc to Axa Private Equity (AXAF.PA: Quote, Profile, Research, Stock Buzz), the companies said in a joint statement. The sale will have a positive impact of 7.1 million euros ($9.70 million) or […]
Teachers’ Private Capital has completed its acquisition of Aquilex Holdings LLC from Harvest Partners. No financial terms were disclosed. Aquilex is a Norcross, Ga.-based energy service provider specializing in refining, nuclear and fossil power generation and waste to energy. It was acquired by Harvest Partners in 2007 from First Reserve Corp. Harris Williams & Co. advised Aquilex on both transactions.
CGS Management, a Swiss private equity firm, has acquired Mould Technologies Holding, a Chinese mould maker. The deal was done as an add-on acquisition for MTH Group. www.cgs-management.com
(Reuters) – U.S. auto parts manufacturer Special Devices Inc filed for Chapter 11 bankruptcy protection on Monday, citing a decline in automobile sales. The Moorpark, California-based company makes components used in car airbags, detonators for mining companies and pyrotechnic devices used by aerospace and defense companies. It was founded in the 1950s as a maker […]
Refresco Holding BV, a Dutch fruit juice maker, is being circled by private equity firms like Blackstone Group and Lion Capital, according to LBO Wire. The company’s current owners acquired it in 2006 from 3i Group for €463 million
Magellan Navigation Inc., a portfolio company of Shah Capital Partners, has agreed to sell its consumer products division to MiTAC International Corp. No financial terms are being disclosed for the deal, which is expected to close next month.