Marlin Equity Partners has acquired the assets of MedAvant Healthcare Solutions, a Santa Ana, Calif.-based provider of technology for the electronic exchange of medical claims and clinical information among hospitals, doctors, medical laboratories and insurance payers. No financial terms were disclosed. MedAvant had filed for bankruptcy protection back in July. www.medavanthealth.com
Transom Capital Group has acquired The Midwest Center for Stress and Anxiety, an Oak Harbor, Ohio-based provider of self-help and coaching programs to people who suffer from stress, anxiety, and depression. No financial terms were disclosed.
EQT Partners has sold Pfaff Beteiligungs GmbH to Columbus McKinnon Corp. (Nasdaq: CMCO) for €36 million in cash. Pfaff-silberblau is a European provider of lifting, material handling and actuator products. It expects 2007 revenue in excess of €62 million.
PPG Industries (NYSE: PPG) has completed the sale of a 60% stake in its automotive glass and services business to Kohlberg & Co. for approximately $270 million. The carve-out was originally slated to go to Platinum Equity for $500 million, but the firm backed out after claiming that PPG had misrepresented the business.
HCPro Inc., a portfolio company of Halyard Capital, has acquired Beacon Health, a Mequon, Wis.-based provider of information and publications for the homecare and hospice industry. No financial terms were disclosed. Beacon was represented on the sale by W.B. Grimes & Co.
(Reuters) – EDF (EDF.PA) is close to a deal with private equity group Kohlberg Kravis Roberts & Co. that it hopes could trump Warren Buffett’s agreed take-over of Constellation Energy Group Inc (CEG.N, the Financial Times reported late Wednesday. EDF Chief Executive Pierre Gadonneix, will meet KKR executives in the United States this week to […]
DETROIT (Reuters) – Chrysler LLC said on Wednesday its U.S. sales fell 33 percent in September to 107,349 vehicles because of a highly volatile economic environment and reduced fleet and lease volume. “The economy is going through a difficult restructuring, resulting in great uncertainty among consumers,” Jim Press, Chrysler Vice Chairman and President, said in […]
Allied Capital has sold its equity interest in Norwesco Inc., a maker of polyethylene storage tanks for the agricultural and industrial markets, to Olympus Partners. Allied sponsored a management buyout of Norwesco in 2005, and reports that it realized an $86 million gain on its equity investment and the repayment of $65 million in outstanding subordinated debt it had lent the company.
The third quarter ended yesterday, and the numbers were not pretty when it came to private equity deal-making or fund-raising. Both sets of numbers were down from Q2, both domestically and globally. A few quick figures after the jump, courtesy of Thomson Reuters (publisher of peHUB).
MADRID (Reuters) – Spanish infrastructure company Abertis (ABE.MC) has withdrawn its bid to operate the Pennsylvania Turnpike, as head of a consortium for the largest U.S. toll-road deal, sources close to the group’s board said Tuesday. The consortium, which also includes Citigroup (C.N), was named preferred bidder in May after offering $12.8 billion to lease […]