HealthEdge, a private equity firm focused on the healthcare market, has acquired Intra-Op Monitoring Services Inc., a Covington, La.–based provider of intra-operative neurophysiological monitoring solutions. No financial terms were disclosed. Intra-Op was advised on the deal by McGladrey Capital Markets. www.iomservices.com
LONDON (Reuters) – Sales of British private companies plunged in the third quarter due to the intensifying bank crisis, but deal valuations held steady as owners resisted selling out cheaply, a study released on Monday showed. Accountants BDO Stoy Hayward said the figures showed the effects of the credit crunch had reached mergers and acquisitions […]
LONDON (Reuters) – Private equity firm TDR Capital is in talks to inject cash into Taylor Wimpey (TW.L: Quote, Profile, Research, Stock Buzz) in exchange for a stake in Britain’s largest house builder by number of homes, the Mail on Sunday reported. Taylor Wimpey has suffered repeated delays in renegotiating a 1.7 billion-pound ($2.7 billion) […]
LONDON (Reuters) – British budget hotel chain Travelodge on Sunday announced 5 million pounds ($8 million) worth of price cuts for the rest of 2008 designed to lure its budget and mid-market competitors into a price war. The chain, owned by Dubai International Capital, said it had cut rates in 15 of Britain’s biggest cities […]
NEW YORK (Reuters) – AT&T Inc (T.N) plans to buy rural phone company Centennial Communications Corp (CYCL.O) for $944 million in cash to expand its wireless network in Puerto Rico and other regions of the United States. The deal, which the two companies announced on Friday, comes amid a wave of mergers in the rural […]
NEW YORK (Reuters) – Huntsman Corp and Hexion Specialty Chemicals have begun talks to reduce the price of their $6.5 billion merger, The New York Times’ DealBook reported on Friday, citing people briefed on the matter. Huntsman (HUN.N: Quote, Profile, Research, Stock Buzz) and Hexion, which is owned by private equity firm Apollo Management LP […]
NEW YORK/DETROIT (Reuters) – South Korea’s Hyundai Motor Co (005380.KS: Quote, Profile, Research, Stock Buzz) has had talks with Chrysler LLC owner Cerberus Capital Management about a potential acquisition of the U.S. automaker’s Jeep brand and possibly other assets, people with knowledge of the talks said on Friday. The emergence of Korea’s largest automaker as […]
Energy Future Holdings Corp. (f.k.a. TXU) has completed its sale of a 19.75% stake in Oncor Electric Delivery Co., operator of the largest electricity distribution and transmission system in Texas, to a private equity consortium co-led by Borealis Infrastructure Management and GIC Special Investments. The deal was valued at approximately $1.25 billion. Energy Future Holdings Co. had been acquired […]
DW Healthcare Partners has acquired and merged Pacific Data Designs LLC and ClinPro Inc., in order to form a single contract research organization for the life sciences market. No financial terms were disclosed. Updata Advisors advised ClinPro on the deal.
DETROIT (Reuters) – Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can’t clinch a merger with General Motors Corp (GM.N) or get government funding needed to ride out the economic crisis, people with knowledge of the situation said. Without new funding or a wrenching restructuring, […]