DETROIT (Reuters) – Chrysler LLC on Tuesday submitted a plan requested by Congress detailing its business case for receiving government funding as part of a bailout for the struggling auto industry. Following are the details of the business plan: * Chrysler is requesting a $7 billion bridge loan from US government by end-December. * Says […]
Tonka Bay Equity Partners has completed a dividend recapitalization of All-Flex, a Northfield, Minn.-based flexible circuit manufacturer it originally acquired in January 2009. No financial terms were disclosed.
Vestcom International Inc., a Little Rock, Ark.-based provider of shelf-edge marketing solutions to retailers and brand manufacturers, has acquired ELT Inc., a provider of in-store communications solutions. No financial terms were disclosed. Vestcom is a portfolio company of Lake Capital and Stephens Group.
Quintiles Transnational Corp., a provider of professional services to the healthcare market, has acquired Targeted Molecular Diagnostics, a Westmont, Ill.-based developer of biomarker technologies for oncology research. No financial terms were disclosed. Quintiles shareholders include 3i Group, Bain Capital, Temasek Holdings and TPG Capital.
Treasure Valley Business Group, a portfolio company of Creo Capital Partners, has acquired TKM2 Sales Solutions LLC, a provider of sales, marketing and distribution of food and food-related products throughout the United States. No financial terms were disclosed.
One Equity Partners has acquired the professional wound care business of Ethicon Inc., a Johnson & Johnson company. No financial terms were disclosed, except that the unit generated 2007 net sales of approximately $270 million.
Emerging Capital Partners has invested $30 million into Finagestion, a holding company that operates several major water and power production and distribution contracts in Cote d'Ivoire and Senegal.
Sorin Group (Milan: SRN) has sold its vascular therapy business to Italian private equity firm IP Investimenti e Partecipazioni SpA. No financial terms were disclosed.
EQT Partners and ATP Private Equity Partners have agreed to acquire KMD A/S, a Danish provider of IT solutions to local municipalities, for approximately DKK2.2 billion ($375 million). EQT will hold an 85% stake, while ATP will hold the remainder. The transaction is to be funded with 50% leverage, provided by Danske Bank, Nordea, Nykredit, FIH and ATP.
NEW YORK (Reuters) – The deadline for potential counterbids for Lehman Brothers Holding’s (LEHMQ.PK: Quote, Profile, Research, Stock Buzz) prized Neuberger asset management arm was extended for a second time on Monday to 9:00 pm (02:00 GMT Tuesday) from noon on Monday, according to a court filing. Sale of the unit to Bain Capital LLC […]