It's the worst deal-making environment in recent history, yet somehow Accel-KKR keeps cranking out new transactions. The firm earlier this week purchased Endurance International, a Burlington, Mass.-based web hosting and management business for an undisclosed amount. It was Accel-KKR's third deal in as many weeks, following the buyout court reporting tech business Alexander Gallo Holdings and the sponsorship of a merger between Amphire Solutions and its portfolio company iTradeNetwork. Plus, Accel-KKR held an oversubscribed close of its third fund. I had to ask, how is the Bay Area firm so prolific in such slow-moving times, and will it continue?
No, that’s not missing a “million” after it. The 20-million circ. publication was sold for one hundred cents to OpenGate Capital. You can’t even buy an issue of TV Guide for that cheap! It prompted me to honor the lower-micro-small-market with Kind Of A Small Deal, a one-time bonus edition of my deal profile column. […]
The Riverside Co. has acquired UV-Vis Metrolab SA, an Argentina-based maker of automated clinical chemistry analyzers for the human medical market. No financial terms were disclosed.
Centre Partners has amended its acquisition agreement with Canadian food-maker Connors Bros. Income Fund, in order to increase the certainty of close.
TORONTO (Reuters) – Teranet Income Fund (TF_u.TO), which holds a monopoly on the electronic land registry in the Canadian province of Ontario, said on Wednesday it withdrew its opposition to an C$11-a-unit hostile bid by Borealis Infrastructure Management because of market conditions. Instead, the fund has left it up to unitholders to make their own […]
Pala Investment Holdings has agreed to acquire a majority stake in Dumas Contracting Ltd., a Canadian mining contractor. No financial terms were disclosed.
Pala Investment Holdings was told by South African regulators that it must ammend its $85.7 million buyout offer for Rockwell Diamonds Inc. (TSX: RDI), if it wants approval. The regulators said that Pala’s existing bid does not “properly consider the rights of option holders and warrant holders.”
Sterling Investment Partners has acquired FCX Performance Inc., a Columbus, Ohio-based provider of process flow control solutions, according to LBO Wire. No financial terms were disclosed.
7 Days Inn Group, a Chinese budget hotel chain, has raised $65 million in new private equity funding. Actis led the round, and was joined by return backer Warburg Pincus.
LONDON (Reuters) – Private equity firm CVC Capital Partners is in talks to take a controlling stake in Royal Bank of Scotland’s (RBS.L) British insurance assets, Bloomberg reported on Wednesday. Bloomberg, citing two people familiar with the matter, said CVC was one of three bidders negotiating to buy a 51 percent stake in the Churchill […]