Rockbridge Growth Equity has acquired Prescott Valley, Ariz.-based Northcentral University, an accredited online university with both undergraduate and graduate programs. No financial terms were disclosed.
Platinum Equity has agreed to acquire SCM Metal Products Inc. from Gibraltar Industries Inc. (Nasdaq: ROCK), for an undisclosed amount. SCM makes and distributes copper-based powder and pastes and copper oxide powders.
Branstrator Sunrooms, a Fort Wayne, Ind.-based portfolio company of Resilience Capital Partners, has agreed to merge with Macedonia, Ohio-based Patio Enclosures Inc. No financial terms were disclosed.
Pfingsten Partners has acquired Technibus, a Canton, Ohio-based manufacturer of bus duct solutions for the power generation, petrochemical, commercial and industrial markets. No financial terms were disclosed for the deal, which closed on Sept. 30.
Argos Soditic and MPS Venture SGR have offered to acquire the Renal Care business of Italy-based Sorin Group (Milan: SRN), for an undisclosed amount.
HONG KONG (Reuters) – Before the Chinese initial public offering boom began to fizzle late last year, hedge funds jumped to buy stakes in hot companies before they went public, an investment known as pre-IPO financing. What seemed like a good idea at the time is about to come back and haunt them. With Asian […]
NEW YORK (Reuters) – New York buyout firm Apollo Management agreed on Thursday to contribute $540 million to its Hexion Specialty Chemicals unit to help it close a contentious takeover of Huntsman Corp (HUN.N: Quote, Profile, Research, Stock Buzz). The Huntsman deal is one of the last remaining uncompleted leveraged buyout deals struck during the […]
NEW YORK (Reuters) – Two former top executives of the Duane Reade Holdings Inc drug chain were indicted on Thursday on charges of falsely reducing reported company expenses and inflating income, officials said. The office of the U.S. Attorney for the Southern District said in a statement that former Chief Executive Officer Anthony Cuti also […]
PNC Equity Partners has recapitalized portfolio company Tangent Rail Corporation for the third time in its ownership. The Pittsburgh-based railroad maintenance company was purchased in 2005. Press Release PNC Equity Partners announced today the recapitalization of Tangent Rail Corporation based in Pittsburgh. Tangent provides maintenance-of-way products and services to Class I railroads, short line railroads, […]
Baird Capital Partners has backed the MBO of Medical Education Technologies Inc, a Sarasota, Fla.-based learning software company for an undisclosed amount. The company’s founder and CEO, Lou Obernorf, participated in the buyout. Press Release: CHICAGO, October 9, 2008 – Baird Capital Partners (BCP), the U.S.-based buyout fund of Baird Private Equity, and Lou Oberndorf, […]