Flexera Software, a portfolio company of private equity firm Thoma Bravo, has acquired ManageSoft, a Boston-based provider of enterprise software management solutions. No financial terms were disclosed. ManageSoft had raised over $38 million in VC funding from firms that included Accede Capital Venture Partners, Technology Venture Partners and Siemens Venture Capital.
(Reuters) – A U.S. Trustee has appointed an examiner to investigate whether the 2007 leveraged buyout (LBO) of Tribune Co (TRBCQ.PK) led by real estate developer Sam Zell left the media company insolvent. The examiner, Kenneth Klee, is an attorney at Los Angeles-based lawfirm Klee, Tuchin, Bogdanoff & Stern LLP. He also teaches bankruptcy law […]
LONDON (Reuters) – British media group Pearson Plc (PSON.L) agreed to sell its 61 percent stake in financial data provider Interactive Data (IDC) (IDC.N) for $2 billion in cash, which it will use for faster expansion and acquisitions. The sale is part of a deal under which the whole of IDC will be acquired by […]
HONG KONG (Reuters) – Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley (MS.N) and JP Morgan (JPM.N) to finalise plans for its long-awaited IPO in Hong Kong, aiming to raise up to $1.5 billion in the fourth quarter, sources told Reuters on Tuesday. This is Rongsheng’s latest bid to go public after it […]
LONDON (Reuters) – British gaming software company Inspired Gaming Group (INGG.L) agreed to a 74.4 million pound ($113.5 million) takeover from UK private equity firm Vitruvian Partners, bringing eight months of offer talks to a close. The offer of 60 pence in cash per Inspired share on Tuesday represents a 21 percent premium to the […]
LONDON (Reuters) – Warburg Pincus is buying British discount retailer Poundland from fellow private equity company Advent International in a deal one person familiar with the process said was worth about 200 million pounds ($305 million). Warburg Pincus said on Tuesday it was acquiring a majority stake with the management of Poundland, led by Chief […]
MUMBAI (Reuters) – Three top officials at the private equity arm of ICICI Bank (ICBK.BO), India’s No. 2 lender, have resigned and aim to launch their own fund following the footsteps of former CEO a year ago. Jayanta Banerjee, president of private equity practice at ICICI Venture, along with two other directors, Anand Vyas and […]
Accretive Health Inc., a Chicago-based provider of healthcare revenue cycle management services, has set its IPO terms to 13.33 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $1.44 billion, were it to price at the high end of its range. The company […]
Interxion, a Dutch data storage company, said that it has filed for an IPO of ordinary shares in the U.S. The filing is not yet available on the SEC website. The company is controlled by Baker Capital.
Simply Healthcare, a Coral Gables, Fla.-based HMO backed by MBF Healthcare Partners, has acquired assets related to the Medicaid and Florida Healthy Kids business of Total Health Choice Inc. No financial terms were disclosed. Simply Healthcare also invested an undisclosed amount in Better Health, a provider of managed care services to Medicaid recipients in Broward County.