Huron Capital Partners has formed DOCetera Corp., an acquisition platform company for the document process outsourcing and total process outsourcing market. It will be run by Tom Olivia, former president of Cenveo Corp. (NYSE: CVO). No financial terms of Huron's commitment were disclosed.
Francisco Partners has invested $85 million in Aconex, an Australia-based provider of online management solutions to the global construction and engineering markets.
TA Associates has invested C$98 million in Radialpoint, a Montreal-based provider of managed digital home security and care service to broadband service providers.
PHILADELPHIA (Reuters) – Carlyle Group co-founder David Rubenstein said the private equity firm may be interested in buying some assets that could be acquired by the U.S. government as part of the $700 billion financial crisis bailout effort. Speaking on CNBC, Rubenstein said Carlyle may be interested in acquiring some mortgage-backed securities and other assets, […]
BOSTON (Reuters) – Asset manager Legg Mason Inc (LM.N: Quote, Profile, Research, Stock Buzz) said on Monday it was not looking to go private, denying a report in The New York Post. Legg said in a statement its current business strategy has not changed. The Post had cited sources as saying Legg had been weighing […]
Continuing my coverage of ridiculous press releases, today’s email reveals one that may top “Mekong Capital Overcomes Exhaustion!” The pitch is titled “No Country For Old Men. Mature Male Executives Taking Extreme Measures to Keep their Jobs,” courtesy of 5WPR. Ignoring the hint of “manufactured trend,” it seems innocent enough, right? Not really. I read on to learn, to my horror, that the pitch is really suggesting I cover the “story” of middle-aged executives getting Botox and hair transplants to keep their jobs. To quote directly from the grammatical nightmare of a pitch,
(Reuters) – Rockwell Diamonds Inc (RDI.TO: Quote, Profile, Research, Stock Buzz) asked its shareholders to reject an unsolicited offer made by Pala Investments Holdings Ltd to buy the company for C$85.7 million ($81.85 million). “The offer significantly undervalues Rockwell and would deprive our shareholders of significant upside potential from the strong production growth we anticipate […]
IRG Capital Group and Blackbird Capital Partners appear to have backed out of a deal to buy the assets of Norwalk Furniture Group, a Norwalk, Ohio-based maker and retailer of upholstered furniture. The two firms had missed the original August 15 closing date, but later reaffirmed their interest in acquiring the company, following additional due […]
MBF Healthcare Acquisition Corp. (AMEX: MBH) has again revised the terms of its pending buyout of Critical Homecare Solutions Holdings Inc., which it originally agreed to acquire from Kohlberg & Co. back in February. The original cut was from $534 million to $479 million, and came after a financing commitment letter from Jefferies Finance expired […]
Perseus LLC has agreed to acquire the Physicians Interactive business of Allscripts Healthcare Solutions Inc. (Nasdaq: MDRX), for an undisclosed amount. Physicians Interactive provides online clinical education programs that enable life sciences companies to reach physicians. PRESS RELEASE Allscripts Healthcare Solutions, Inc., the leading provider of clinical software, connectivity and information solutions that physicians […]