GTCR has committed up to $250 million to form a new medical device acquisition platform called Devicor Medical Products LLC. The Pleasant Prairie, Wis.-based company will be run by Thomas Daulton, a former senior executive with Cardinal Health.
NEW YORK, Nov 11 (Reuters) – Global mergers and acquisitions volume will be roughly $2 trillion to $2.5 trillion in 2009, mirroring levels seen in 2004 and 2005, Paul Parker, Barclays Capital’s head of global mergers and acquisitions, said on Tuesday. “The 2004-2005 levels — those are the right trend lines. Those were strong markets. […]
Summit Partners and Bridgescale Partners have acquired a majority stake in VIPGift LLC, a Chattanooga, Tenn.–based provider of corporate and consumer incentive programs and prepaid card solutions. No financial terms were disclosed.
Laredo Petroleum, a Tulsa-based oil and gas company, has secured its second $300 million equity line from Warburg Pincus.
HONG KONG (Reuters) – Private equity firm Actis said on Tuesday it had paid $50 million for a majority stake in Chinese hot pot chain Xiabu Xiabu, in a bet that affordable and fast food can withstand the country’s economic slowdown. Beijing based Xiabu, known formally as Xiabu Xiabu Catering Management Co Ltd, has 53 […]
NEW YORK (Reuters) – Discount retailer National Wholesale Liquidators said on Monday that General Electric cut its credit availability by $15 million over the last few weeks, putting a “major hardship” on its ability to pay current and past bills. According to a letter to the company’s vendors dated Oct. 27 and seen by Reuters, […]
TORONTO (Reuters) – A Canadian court has struck down a move by a group of BCE Inc (BCE.TO) shareholders to get an injunction to stop the company’s C$34.8 billion ($29.2 billion) buyout by a group of private-equity investors, the company said on Monday. The shareholders wanted to stop the deal until their claims seeking the […]
Ethanol has been a disaster for private equity. VeraSun is bankrupt, Aventine Renewables is trading at less than $2 per share and Hawkeye Holdings wasn’t even able to price its IPO. And there continue to be those pesky – and disputed – reports that a gallon of ethanol takes more power to produce than it […]
Sun Capital Partners has offered to take audio products company LOUD Technologies Inc. (Nasdaq: LTEC) private, by acquiring the 24% stake that Sun does not already hold. The offer is at $1.45 per share, or approximately $7.1 million. www.loudtechinc.com
Providence Equity Partners and Ayala Corp. has offered to acquire eTelecare Global Solutions Inc. (Nasdaq: ETEL), a provider of business process outsourcing solutions. The eTelecare board has voted to recommend the offer to shareholders, who would receive $9 per common share or ADS.