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Triggered at line # 1371 FeedWordPress version: 2010.0623 WordPress version: 3.0.1 PHP version: 5.3.2 SyndicatedPost::insert_new::_wp_id: array(3) { ["$this->_wp_id"]=> int(0) ["$dbpost"]=> array(17) { ["post_title"]=> string(45) "M&A Disrupts Summers for PE Execs and Bankers" ["post_content"]=> string(4672) "<p><a href=\"http://www.pehub.com/wordpress/wp-content/uploads//tanning-cartoon.jpeg\"><img class=\"alignleft size-medium wp-image-81400\" title=\"tanning-cartoon\" src=\"http://www.pehub.com/wordpress/wp-content/uploads//tanning-cartoon.jpeg\" alt=\"\" width=\"233\" height=\"159\" /></a>It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones.</p> <p>One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!).</p> <p>Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said.</p> <p>A surprisingly strong M&amp;A market has <a href=\"http://www.guardian.co.uk/business/2010/aug/20/mergers-acquisitions-banking-industry\">disrupted the summers</a> of bankers and PE execs. There sure have been a lot of deals. HP <a href=\"http://www.hp.com/hpinfo/newsroom/press/2010/100902b.html\">outlasted</a> Dell to buy 3Par for $3.25 billion, BHP is <a href=\"http://www.reuters.com/article/idUSTRE67G1R620100903\">acquiring Potash</a> for $39 billion (a white knight  may still emerge) and 3G Capital <a href=\"http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/\">scooped up</a> BK for $4 billion.</p> <p>But there have also been a lot of companies going up for sale. Welsh, Carson, Anderson &amp; Stowe has put Concentra, a provider of healthcare and wellness services, <a href=\"http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/\">on the block</a>. Onex Corp. <a href=\"http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/\">is selling </a>the Center for Diagnostic Imaging, while Riverside Partners, the Boston PE shop, is selling Quantum Medical Imaging to Onex.</p> <p>Still, all hope isn’t lost for PE execs looking to take a break. “I am actually at my summer house on lower Cape Cod riding out the hurricane!” one person wrote in an email.</p> <p>What are you doing this weekend?</p> <p><a href=\"http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/0/da\"><img src=\"http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/0/di\" border=\"0\" ismap=\"true\"></img></a><br/> <a href=\"http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/1/da\"><img src=\"http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/1/di\" border=\"0\" ismap=\"true\"></img></a></p><div class=\"feedflare\"> <a href=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:yIl2AUoC8zA\"><img src=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA\" border=\"0\"></img></a> <a href=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:dnMXMwOfBR0\"><img src=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0\" border=\"0\"></img></a> <a href=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:D7DqB2pKExk\"><img src=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:D7DqB2pKExk\" border=\"0\"></img></a> <a href=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:F7zBnMyn0Lo\"><img src=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:F7zBnMyn0Lo\" border=\"0\"></img></a> <a href=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:V_sGLiPBpWU\"><img src=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:V_sGLiPBpWU\" border=\"0\"></img></a> <a href=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:qj6IDK7rITs\"><img src=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs\" border=\"0\"></img></a> <a href=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:l6gmwiTKsz0\"><img src=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0\" border=\"0\"></img></a> <a href=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:gIN9vFwOqvQ\"><img src=\"http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:gIN9vFwOqvQ\" border=\"0\"></img></a> </div><img src=\"http://feeds.feedburner.com/~r/pehub/blog/manda/~4/0cwvC1-ZowE\" height=\"1\" width=\"1\"/>" ["post_excerpt"]=> string(741) "It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones. One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!). Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said." ["epoch"]=> array(3) { ["issued"]=> int(1283538884) ["created"]=> NULL ["modified"]=> int(1283538884) } ["post_date"]=> string(19) "2010-09-03 11:34:44" ["post_modified"]=> string(19) "2010-09-03 11:34:44" ["post_date_gmt"]=> string(19) "2010-09-03 18:34:44" ["post_modified_gmt"]=> string(19) "2010-09-03 18:34:44" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["guid"]=> string(29) "http://www.pehub.com/?p=81398" ["meta"]=> array(8) { ["syndication_source"]=> string(47) "PE Hub Blog: PE-Backed Mergers and Acquisitions" ["syndication_source_uri"]=> string(20) "http://www.pehub.com" ["rss:comments"]=> string(81) "http://www.pehub.com/81398/ma-disrupts-summers-for-pe-execs-and-bankers/#comments" ["wfw:commentRSS"]=> string(77) "http://www.pehub.com/81398/ma-disrupts-summers-for-pe-execs-and-bankers/feed/" ["syndication_feed"]=> string(44) "http://feeds.feedburner.com/pehub/blog/manda" ["syndication_feed_id"]=> string(2) "15" ["syndication_permalink"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/0cwvC1-ZowE/" ["syndication_item_hash"]=> string(32) "3d3aae6bc855355fca817f516e3f27df" } ["tags_input"]=> array(9) { [0]=> string(24) "Mergers and Acquisitions" [1]=> string(3) "All" [2]=> string(12) "Buyout Deals" [3]=> string(20) "Buyout Deals Channel" [4]=> string(8) "PE Exits" [5]=> string(18) "PE-Backed M&#038;A" [6]=> string(15) "Hewlett Packard" [7]=> string(10) "Onex Corp." 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["guid@ispermalink"]=> string(5) "false" ["guid@"]=> string(11) "ispermalink" ["guid"]=> string(29) "http://www.pehub.com/?p=81398" ["category#8"]=> string(12) "Welsh Carson" ["category#7"]=> string(10) "Onex Corp." 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["subject#8"]=> string(12) "Welsh Carson" } ["content"]=> array(2) { ["encoded"]=> string(4574) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//tanning-cartoon.jpeg"><img class="alignleft size-medium wp-image-81400" title="tanning-cartoon" src="http://www.pehub.com/wordpress/wp-content/uploads//tanning-cartoon.jpeg" alt="" width="233" height="159" /></a>It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones.</p> <p>One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!).</p> <p>Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said.</p> <p>A surprisingly strong M&amp;A market has <a href="http://www.guardian.co.uk/business/2010/aug/20/mergers-acquisitions-banking-industry">disrupted the summers</a> of bankers and PE execs. There sure have been a lot of deals. HP <a href="http://www.hp.com/hpinfo/newsroom/press/2010/100902b.html">outlasted</a> Dell to buy 3Par for $3.25 billion, BHP is <a href="http://www.reuters.com/article/idUSTRE67G1R620100903">acquiring Potash</a> for $39 billion (a white knight  may still emerge) and 3G Capital <a href="http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/">scooped up</a> BK for $4 billion.</p> <p>But there have also been a lot of companies going up for sale. Welsh, Carson, Anderson &amp; Stowe has put Concentra, a provider of healthcare and wellness services, <a href="http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/">on the block</a>. Onex Corp. <a href="http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/">is selling </a>the Center for Diagnostic Imaging, while Riverside Partners, the Boston PE shop, is selling Quantum Medical Imaging to Onex.</p> <p>Still, all hope isn’t lost for PE execs looking to take a break. “I am actually at my summer house on lower Cape Cod riding out the hurricane!” one person wrote in an email.</p> <p>What are you doing this weekend?</p> <p><a href="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/0/da"><img src="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/1/da"><img src="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:D7DqB2pKExk"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:D7DqB2pKExk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/0cwvC1-ZowE" height="1" width="1"/>" ["encoded#"]=> int(1) } ["wfw"]=> array(2) { ["commentrss"]=> string(77) "http://www.pehub.com/81398/ma-disrupts-summers-for-pe-execs-and-bankers/feed/" ["commentrss#"]=> int(1) } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(2) { ["origlink"]=> string(72) "http://www.pehub.com/81398/ma-disrupts-summers-for-pe-execs-and-bankers/" ["origlink#"]=> int(1) } ["summary#"]=> int(1) ["summary"]=> string(741) "It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones. One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!). Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said." ["category@term"]=> string(3) "All" ["category#2@term"]=> string(12) "Buyout Deals" ["category#3@term"]=> string(20) "Buyout Deals Channel" ["category#4@term"]=> string(8) "PE Exits" ["category#5@term"]=> string(18) "PE-Backed M&#038;A" ["category#6@term"]=> string(15) "Hewlett Packard" ["category#7@term"]=> string(10) "Onex Corp." 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["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [7]=> array(5) { ["data"]=> string(12) "Welsh Carson" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81398" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(741) "It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones. One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!). Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4574) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//tanning-cartoon.jpeg"><img class="alignleft size-medium wp-image-81400" title="tanning-cartoon" src="http://www.pehub.com/wordpress/wp-content/uploads//tanning-cartoon.jpeg" alt="" width="233" height="159" /></a>It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones.</p> <p>One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!).</p> <p>Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said.</p> <p>A surprisingly strong M&amp;A market has <a href="http://www.guardian.co.uk/business/2010/aug/20/mergers-acquisitions-banking-industry">disrupted the summers</a> of bankers and PE execs. There sure have been a lot of deals. HP <a href="http://www.hp.com/hpinfo/newsroom/press/2010/100902b.html">outlasted</a> Dell to buy 3Par for $3.25 billion, BHP is <a href="http://www.reuters.com/article/idUSTRE67G1R620100903">acquiring Potash</a> for $39 billion (a white knight  may still emerge) and 3G Capital <a href="http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/">scooped up</a> BK for $4 billion.</p> <p>But there have also been a lot of companies going up for sale. Welsh, Carson, Anderson &amp; Stowe has put Concentra, a provider of healthcare and wellness services, <a href="http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/">on the block</a>. Onex Corp. <a href="http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/">is selling </a>the Center for Diagnostic Imaging, while Riverside Partners, the Boston PE shop, is selling Quantum Medical Imaging to Onex.</p> <p>Still, all hope isn’t lost for PE execs looking to take a break. “I am actually at my summer house on lower Cape Cod riding out the hurricane!” one person wrote in an email.</p> <p>What are you doing this weekend?</p> <p><a href="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/0/da"><img src="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/1/da"><img src="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:yIl2AUoC8zA"><img 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href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=0cwvC1-ZowE:a23hz4FeZBE:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/0cwvC1-ZowE" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(77) 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{ [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/j0rRxJhpXi0/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(83) "http://www.pehub.com/81368/sale-of-russell-investments-could-be-a-whopper/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Fri, 03 Sep 2010 15:38:12 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(6) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(34) "Northwestern Mutual Life Insurance" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(19) "Russell Investments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81368" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(894) "While many people may still be talking about the BK sale, there is another deal that has the potential to be a whopper. Northwestern Mutual Life Insurance is thinking about selling Russell Investments. Before you laugh, a Russell sale would be a big deal in the asset management space. Anyone who has invested in the stock market knows Russell, which is best known as the index provider behind many biggest mutual funds. Northwestern Mutual has decided that Russell Investments isn’t a core asset anymore and is seriously considering putting the $140 billion asset manager<a href="http://www.investmentnews.com/article/20100829/REG/308299978"> up for sale</a>, according to Investment News. Northwestern Mutual bought Russell in 1998 in a deal that was estimated at $1.2 billion. Earlier this year, Russell sold Pantheon Ventures, its PE firm, to Affiliated Managers Group for $775 million." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(6106) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//russell-investments.jpeg"><img class="alignleft size-medium wp-image-81370" title="russell-investments" src="http://www.pehub.com/wordpress/wp-content/uploads//russell-investments.jpeg" alt="" width="139" height="128" /></a>While many people may still be talking about the BK sale, there is another deal that has the potential to be a whopper. Northwestern Mutual Life Insurance is thinking about selling Russell Investments.</p> <p>Before you laugh, a Russell sale would be a big deal in the asset management space. Anyone who has invested in the stock market knows Russell, which is best known as the index provider behind many mutual funds.</p> <p>Northwestern Mutual has decided that Russell Investments isn’t a core asset anymore and is seriously considering putting the $140 billion money manager<a href="http://www.investmentnews.com/article/20100829/REG/308299978"> up for sale</a>, according to Investment News. Northwestern Mutual bought Russell in 1998 in a deal that was estimated at $1.2 billion. Earlier this year, Russell sold Pantheon Ventures, its PE firm, to Affiliated Managers Group for $775 million.</p> <p>I’m hearing that the Russell rumors are true but a sale isn’t imminent and likely won’t come this year. Russell is expected to go on the block next year, possibly in the second half of 2011.</p> <p>Still, a Russell sale is expected to be hot and the company could fetch $2 billion to $2.5 billion, sources say. PE firms will likely be very interested. Buyout shops that have invested in the asset management space include Hellman &amp; Friedman, TA Associates, KKR, Bain Capital and Carlyle Group.</p> <p>But why sell?</p> <p>Tacoma, Wash.-based Russell has suffered some setbacks over the past few years. The fund firm reportedly asked Craig Ueland, its CEO, <a href="http://www.thenewstribune.com/2008/06/10/385065/russell-ceo-craig-ueland-resigns.html">to resign</a> in 2008 (Andrew Doman replaced him as CEO in January 2009). In March, Russell CFO <a href="http://www.pionline.com/article/20100322/PRINTSUB/303229975">Frank Ryan and chief of staff Terry Berland</a> left.</p> <p>In 2009, Russell <a href="http://www.bizjournals.com/seattle/blog/2010/08/russell_investments_not_for_sale.html">laid off 20%</a>, or 400 members, of its 2,000-employee workforce. Russell currently employs about 1,800 people. Russell also scuttled its hedge fund-of-funds business and the parent firm had to rescue Russell’s money-markets funds, according to the <em>Seattle Times</em>.</p> <p>Russell doesn’t have a strategy, one source says. “The new CEO is struggling big time,” the person says.</p> <p>&#8220;They are still dealing with bad morale from the layoffs, the closing down of the fund of funds business, the sale of the PE arm,&#8221; another source says. &#8220;If they want $2 billion, they will have to prove the operations [have] stabilized.&#8221;</p> <p>All of these problems have not stopped Russell from branching into alternatives. In 2009, Russell decided to launch its <a href="http://www.indexuniverse.com/sections/news/7561-russell-investments-plans-family-of-11-etfs.html">own line of exchange traded funds</a>, including ETFs focused on emerging and developed markets. But the ETFs have been stalled in SEC registration (Russell did launch a fund in Australia but has yet to get clearance in the United States).</p> <p>(UPDATE: Jennifer Tice, a Russell spokeswoman, declined comment beyond a simple denial. &#8220;Russell is not for sale,&#8221; she said. Meredyth Naramore, a Northwestern Mutual spokesperson, wrote in an email that stories about the Russell sale are &#8220;merely rumor and speculation. The company is not for sale.&#8221;)</p> <p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: #1f497d;"><span style="font-size: small;"><span style="font-family: Calibri;"></span></span></span></p> <p><a href="http://feedads.g.doubleclick.net/~a/ZGnxUmFaXgC2eKMQn78N6pAYqnA/0/da"><img src="http://feedads.g.doubleclick.net/~a/ZGnxUmFaXgC2eKMQn78N6pAYqnA/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/ZGnxUmFaXgC2eKMQn78N6pAYqnA/1/da"><img src="http://feedads.g.doubleclick.net/~a/ZGnxUmFaXgC2eKMQn78N6pAYqnA/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=j0rRxJhpXi0:YwvwsmAYMiM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=j0rRxJhpXi0:YwvwsmAYMiM:dnMXMwOfBR0"><img 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href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=j0rRxJhpXi0:YwvwsmAYMiM:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=j0rRxJhpXi0:YwvwsmAYMiM:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=j0rRxJhpXi0:YwvwsmAYMiM:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/j0rRxJhpXi0" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(79) "http://www.pehub.com/81368/sale-of-russell-investments-could-be-a-whopper/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } 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["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(92) "http://www.pehub.com/81259/dickey-family-coughs-up-20-25-million-for-modern-luxury/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Thu, 02 Sep 2010 14:30:09 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(5) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(19) "Modern Luxury Media" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81259" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(932) "I'm hearing that the Dickey Family paid around $20 to $25 million for Modern Luxury Media. Last week, Dickey Publishing <a href="http://www.marketwatch.com/story/modern-luxury-media-to-be-acquired-by-dickey-publishing-inc-2010-08-27?reflink=MW_news_stmp">announced </a>it had acquired the assets of Modern Luxury, which includes 26 titles in 12 markets, like New York, L.A. and Chicago. The Dickey Family controls Cumulus Media, which will operate Modern Luxury through Cumulus' Structured Management Services division. Modern Luxury <a href="http://www.pehub.com/75642/modern-luxury-aint-what-it-used-to-be-could-sell-for-just-10-million/">was expected to sell</a> for $10 million but ended up going for $20 to $25 million. Some think that's too high. The magazine company, though operating in many markets, is losing money. Earlier this year, Modern Luxury ousted its CEO, Michael Kong, after defaulting on $120 million in debt." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(3723) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//city_magazine2.jpg"><img class="alignleft size-medium wp-image-81263" title="city_magazine2" src="http://www.pehub.com/wordpress/wp-content/uploads//city_magazine2.jpg" alt="" width="168" height="205" /></a>I&#8217;m hearing that the Dickey Family paid around $20 to $25 million for Modern Luxury Media.</p> <p>Last week, Dickey Publishing <a href="http://www.marketwatch.com/story/modern-luxury-media-to-be-acquired-by-dickey-publishing-inc-2010-08-27?reflink=MW_news_stmp">announced </a>it had acquired the assets of Modern Luxury, which includes 26 titles in 12 markets, like New York, L.A. and Chicago. The Dickey Family controls Cumulus Media, which will operate Modern Luxury through Cumulus&#8217; Structured Management Services division.</p> <p>Modern Luxury <a href="http://www.pehub.com/75642/modern-luxury-aint-what-it-used-to-be-could-sell-for-just-10-million/">was expected to sell</a> for $10 million but ended up going for much higher. Some think too high. The magazine company, though operating in many markets, is losing money, sources have said. Earlier this year, Modern Luxury ousted its CEO, Michael Kong, after defaulting on $120 million in debt.</p> <p>One buyout exec says the price tag was in line with what Modern Luxury’s banks&#8211; GE Business Financial Services and NewStar Financial&#8211; were seeking. “That’s been the range,” the source says.</p> <p>Macquarie Capital advised the Dickey family. Berkery, Noyes &amp; Co. represented Modern Luxury.</p> <p><a href="http://feedads.g.doubleclick.net/~a/aC-kPQT4xilQ9SNfIGEd4Z6AQys/0/da"><img src="http://feedads.g.doubleclick.net/~a/aC-kPQT4xilQ9SNfIGEd4Z6AQys/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/aC-kPQT4xilQ9SNfIGEd4Z6AQys/1/da"><img src="http://feedads.g.doubleclick.net/~a/aC-kPQT4xilQ9SNfIGEd4Z6AQys/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=ISU7HdtmW5M:b5lGilqEJUc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=ISU7HdtmW5M:b5lGilqEJUc:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=ISU7HdtmW5M:b5lGilqEJUc:D7DqB2pKExk"><img 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href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=ISU7HdtmW5M:b5lGilqEJUc:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=ISU7HdtmW5M:b5lGilqEJUc:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/ISU7HdtmW5M" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(88) "http://www.pehub.com/81259/dickey-family-coughs-up-20-25-million-for-modern-luxury/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(83) "http://www.pehub.com/81259/dickey-family-coughs-up-20-25-million-for-modern-luxury/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [3]=> array(6) { ["data"]=> string(63) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(55) "3G Capital Scoops Up Home Of The Whopper for $4 Billion" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/r-_Fq8qQZjM/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(91) "http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Thu, 02 Sep 2010 13:58:01 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(7) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(10) "3G Capital" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(11) "Burger King" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81251" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(1172) "Burger King is changing hands again. 3G Capital has agreed to buy the home of the Whopper for about $4 billion. 3G Capital is paying $24 a share, <a href="http://www.marketwatch.com/story/burger-king-holdings-inc-to-be-acquired-by-3g-capital-2010-09-02?reflink=MW_news_stmp">according to an announcement Thursday</a>. The WSJ says that banks <a href="http://online.wsj.com/article/SB10001424052748704206804575467370505104544.html?mod=WSJ_hps_MIDDLETopStories">are financing</a> about $2.8 billion of the deal. John Chidsey, BK’s Chairman and CEO, will stay through the transition in these roles and then become co-chairman. Alex Behring, a 3G managing partner, will also become co-chairman. TPG Capital, Goldman Sachs Capital Partners and Bain Capital currently own a combined 31% of BK. They are tendering their shares in the deal. So who is 3G Capital? The Financial Times <a href="http://www.ft.com/cms/s/0/f257d888-b5f9-11df-a048-00144feabdc0.html">says it’s a hedge fund</a> based in New York that is backed by a group of Brazilian entrepreneurs, collectively known as “the Trio." The Trio are best known for building the Brazilian brewery that became InBev." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(3789) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//burger-king-guitar-1.jpg"><img class="alignleft size-medium wp-image-81256" title="burger-king-guitar-1" src="http://www.pehub.com/wordpress/wp-content/uploads//burger-king-guitar-1-200x300.jpg" alt="" width="200" height="300" /></a>Burger King is changing hands again. 3G Capital has agreed to buy the home of the Whopper for about $4 billion.</p> <p>3G Capital is paying $24 a share, <a href="http://www.marketwatch.com/story/burger-king-holdings-inc-to-be-acquired-by-3g-capital-2010-09-02?reflink=MW_news_stmp">according to an announcement Thursday</a>. The WSJ says that banks <a href="http://online.wsj.com/article/SB10001424052748704206804575467370505104544.html?mod=WSJ_hps_MIDDLETopStories">are financing</a> about $2.8 billion of the deal. John Chidsey, BK’s Chairman and CEO, will stay through the transition in these roles and then become co-chairman. Alex Behring, a 3G managing partner, will also become co-chairman.</p> <p>TPG Capital, Goldman Sachs Capital Partners and Bain Capital currently own a combined 31% of BK. They are tendering their shares in the deal.</p> <p>So who is 3G Capital? The Financial Times <a href="http://www.ft.com/cms/s/0/f257d888-b5f9-11df-a048-00144feabdc0.html">says it’s a hedge fund</a> based in New York that is backed by a group of Brazilian entrepreneurs, collectively known as “the Trio.&#8221; The Trio are best known for building the Brazilian brewery that became InBev.</p> <p>Lazard, JP Morgan and Barclays Capital advised 3G. Morgan Stanley and Goldman Sachs provided financial guidance to BK.</p> <p><a href="http://feedads.g.doubleclick.net/~a/eTQfza_y32dUvEV2WqPRNztJ2Xk/0/da"><img src="http://feedads.g.doubleclick.net/~a/eTQfza_y32dUvEV2WqPRNztJ2Xk/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/eTQfza_y32dUvEV2WqPRNztJ2Xk/1/da"><img src="http://feedads.g.doubleclick.net/~a/eTQfza_y32dUvEV2WqPRNztJ2Xk/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=r-_Fq8qQZjM:90Re8XH5hUQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=r-_Fq8qQZjM:90Re8XH5hUQ:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=r-_Fq8qQZjM:90Re8XH5hUQ:D7DqB2pKExk"><img 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href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=r-_Fq8qQZjM:90Re8XH5hUQ:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=r-_Fq8qQZjM:90Re8XH5hUQ:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/r-_Fq8qQZjM" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(87) "http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(82) "http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [4]=> array(6) { ["data"]=> string(59) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(39) "Welsh Carson Puts Concentra Up for Sale" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/XTuxVKdZJGc/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(76) "http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Wed, 01 Sep 2010 19:08:55 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(6) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(33) "Welsh Carson Anderson &amp; Stowe" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81172" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(470) "After owning the company for more than a decade, Welsh, Carson, Anderson &#38; Stowe has put Concentra on the block, peHUB has learned. Barclays is advising on the sale, sources say. In 1998, Welsh Carson acquired Concentra, which provides healthcare and wellness services to employers and general public, in a deal valued at $1.1 billion. It’s not clear how much Welsh invested. Concentra has $752 million in annual revenue, according to the Welsh Carson web site." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4714) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//welsh-carson.gif"><img class="alignleft size-medium wp-image-81176" title="welsh-carson" src="http://www.pehub.com/wordpress/wp-content/uploads//welsh-carson.gif" alt="" width="292" height="172" /></a>After owning the company for more than a decade,  Welsh, Carson, Anderson &amp; Stowe has put Concentra on the block, peHUB has learned.</p> <p>Barclays is advising on the sale, sources say.</p> <p>In 1998, Welsh Carson acquired Concentra, which provides healthcare and wellness services to employers and the general public, in a deal valued at $1.1 billion. It’s not clear how much Welsh Carson invested. Concentra has $752 million in annual revenue, according to the Welsh Carson web site.</p> <p>Larger buyout shops would likely be interested in Concentra, a banker says. This could include Blackstone or TPG or KKR. Strategics are not considered viable buyers.</p> <p>&#8220;This will require a sizeable equity check,&#8221; a buyout executive says.</p> <p>Concentra, of Addison, Texas, is a national provider of occupational health services. The company has 300 medical centers in 40 states that offer occupational medicine, urgent care, physical therapy, and wellness services, according to its web site. Recently, the company has been trying to morph itself into a provider of primary care clinics, the banking source says.</p> <p>“Concentra was the place you went for drug tests if you got hurt on the job, because they have clinics near employers,” the banker says.</p> <p>The company generated $808 million revenues during the 12 months ended March 31, 2009, according to Moody’s Investors Services. Over the same period Concentra produced about $83 million of cash from operations, Moody’s said.</p> <p><a href="http://www.pehub.com/wordpress/wp-content/uploads//concentra-logo.jpg"><img class="alignright size-medium wp-image-81177" title="concentra-logo" src="http://www.pehub.com/wordpress/wp-content/uploads//concentra-logo.jpg" alt="" width="200" height="90" /></a>New York-based Welsh Carson is a major player in the healthcare space. The PE shop has invested in Bausch &amp; Lomb, Multiplan, Aptuit, and Ardent Health Services.</p> <p>Concentra is not the oldest holding at Welsh Carson. The PE shop has owned Global Knowledge since 1995. So why is the buyout shop selling Concentra now? “The high yield market is good and Welsh Carson wants to monetize it,” the banker says.</p> <p>Officials for Welsh Carson could not be reached for comment.</p> <p><a href="http://feedads.g.doubleclick.net/~a/yIVMoY6ncCKE4ziWYePBLeBP1So/0/da"><img src="http://feedads.g.doubleclick.net/~a/yIVMoY6ncCKE4ziWYePBLeBP1So/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/yIVMoY6ncCKE4ziWYePBLeBP1So/1/da"><img src="http://feedads.g.doubleclick.net/~a/yIVMoY6ncCKE4ziWYePBLeBP1So/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:D7DqB2pKExk"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=XTuxVKdZJGc:UfOgNa9j0ME:D7DqB2pKExk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=XTuxVKdZJGc:UfOgNa9j0ME:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=XTuxVKdZJGc:UfOgNa9j0ME:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=XTuxVKdZJGc:UfOgNa9j0ME:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/XTuxVKdZJGc" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(72) "http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(67) "http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [5]=> array(6) { ["data"]=> string(67) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(62) "UPDATE: It’s 3G Capital, not 3i Group, That Is Hungry For BK" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/KXBeMBawt74/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(86) "http://www.pehub.com/81142/3i-isnt-hungry-for-bk-denies-holding-buyout-talks/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Wed, 01 Sep 2010 14:30:36 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(8) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(14) "PE-Backed IPOs" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(8) "3i Group" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [7]=> array(5) { ["data"]=> string(11) "Burger King" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81142" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(891) "Today’s big news is that Burger King is holding potential sales talks with buyout shops. The Wall Street Journal, which <a href="http://online.wsj.com/article/SB10001424052748703467004575464521824398544.html">reported the discussions</a>, says BK has been in talks with PE firms for weeks and one interested firm was 3i Group. However, 3i is denying the discussions. “We are not in talks to buy Burger King,” a 3i spokeswoman wrote in an email Wednesday. This isn’t the first time BK has sought out help from PE firms. In fact, buyout firms once owned Burger King. Diageo, in 2002, sold the home of the whopper to TPG, Bain Capital and Goldman Sachs for $1.5 billion. Burger King then went public in 2006 and the PE firms sold much of their holdings. TPG still owns a roughly 11% stake, Bain has 10% and Goldman Sachs also holds about 10% as of June 30, according to Yahoo Finance." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4642) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//whopper.jpeg"><img class="alignleft size-medium wp-image-81146" title="whopper" src="http://www.pehub.com/wordpress/wp-content/uploads//whopper.jpeg" alt="" width="211" height="176" /></a>Today’s big news is that Burger King is holding potential sales talks with buyout shops.</p> <p>The Wall Street Journal, which <a href="http://online.wsj.com/article/SB10001424052748703467004575464521824398544.html">reported the discussions</a>, says BK has been in talks with PE firms for weeks and one interested firm was 3i Group. However, 3i is denying the discussions. “We are not in talks to buy Burger King,” a 3i spokeswoman wrote in an email Wednesday.</p> <p>This isn’t the first time BK has sought out help from PE firms. In fact, buyout firms once owned Burger King. Diageo, in 2002, sold the home of the whopper to TPG, Bain Capital and Goldman Sachs for $1.5 billion. Burger King then went public in 2006 and the PE firms sold much of their holdings. TPG still owns a roughly 11% stake, Bain has 10% and Goldman Sachs also holds about 10% as of June 30, according to Yahoo Finance.</p> <p>BK’s search for a PE investor comes after reporting dismal earnings last week. BK, which introduced the Whopper in 1957, said revenue dropped 1% to $623 million for its fourth quarter ended June 30. Net income was off 17% to $49 million.</p> <p>Revenue for the 12 months ended June 30 was flat at $2.5 billion. But profit for the year slumped 7% to $186.8 million. Worldwide comparable sales were -2.3%, BK said.</p> <p>(<strong>UPDATE</strong>: The New York Times <a href="http://dealbook.blogs.nytimes.com/2010/09/01/burger-king-in-buyout-talks-but-not-with-3i/?hp">is reporting</a> that the PE firm interested in buy BK is 3G Capital, not 3i. A deal could be reached in coming days, the story said.)</p> <p>Who is 3G? I don&#8217;t know and the NY Times <a href="http://dealbook.blogs.nytimes.com/2010/09/01/more-on-burger-kings-brazilian-suitors/?src=twt&amp;twt=nytimesdealbook">doesn&#8217;t provide much information</a>. The little known PE shop has apparently held a stake in Wendy&#8217;s. The NY Times report named Alexandre Behring as leading the deal for 3G. Behring is a Brazilian who before joining 3G spent 10 years at GP Investments, one of Latin America’s largest private-equity firms.</p> <p>TPG declined comment. Officials for Burger King and Goldman couldn’t be reached for comment.</p> <p><a href="http://feedads.g.doubleclick.net/~a/CQrhD5q_y3Ue27xTlSk6bGuhIgo/0/da"><img src="http://feedads.g.doubleclick.net/~a/CQrhD5q_y3Ue27xTlSk6bGuhIgo/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/CQrhD5q_y3Ue27xTlSk6bGuhIgo/1/da"><img src="http://feedads.g.doubleclick.net/~a/CQrhD5q_y3Ue27xTlSk6bGuhIgo/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:D7DqB2pKExk"><img 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href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=KXBeMBawt74:3JDtnrZOyyU:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/KXBeMBawt74" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(82) "http://www.pehub.com/81142/3i-isnt-hungry-for-bk-denies-holding-buyout-talks/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(77) "http://www.pehub.com/81142/3i-isnt-hungry-for-bk-denies-holding-buyout-talks/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [6]=> array(6) { ["data"]=> string(63) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(52) "Onex Puts Center for Diagnostic Imaging On the Block" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/g2xmH2WDy48/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(89) "http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Tue, 31 Aug 2010 20:34:20 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(7) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(10) "Onex Corp." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(18) "Riverside Partners" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81067" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(802) "Late August is supposed to be slow for M&#38;A but I’m finding the opposite today. There are two deals, both involving Onex Corp., on tap. First off, Onex has put portfolio company, Center for Diagnostic Imaging, up for sale, sources say. J.P. Morgan Chase is advising on the deal. It’s not clear who is bidding for CDI or what it could go for. Onex bought CDI in 2005 in a deal valued at $160 million, according to press reports from that time. Minneapolis-based CDI is a provider of diagnostic and therapeutic radiology services in the U.S. It operates 58 outpatient diagnostic imaging centers in 12 markets. Onex Partners invested $73 million in CDI, which includes $17 million from Onex, the parent company. CDI had annual revenue of $141 million in 2009, according to the firm’s web site." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4685) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//onex-jpeg1.jpeg"><img class="alignleft size-medium wp-image-81070" title="onex-jpeg1" src="http://www.pehub.com/wordpress/wp-content/uploads//onex-jpeg1.jpeg" alt="" width="160" height="40" /></a>Late August is supposed to be slow for M&amp;A, but I’m finding the opposite today. There are two deals, both involving Onex Corp., on tap.</p> <p>First off, Onex has put portfolio company Center for Diagnostic Imaging up for sale, sources say. J.P. Morgan Chase is advising on the deal. It’s not clear who is bidding for CDI or what it could go for.</p> <p>Onex is the large, publicly traded investment firm in Canada. Onex Partners, its PE unit, bought CDI in 2005 in a deal valued at $160 million, according to press reports from that time.</p> <p>Minneapolis-based CDI is a provider of diagnostic and therapeutic radiology services in the U.S. It operates 58 outpatient diagnostic imaging centers in 12 markets. Onex Partners invested $73 million in CDI, which includes $17 million from Onex, the parent company. CDI had annual revenue of $141 million in 2009, according to the firm’s website.</p> <p>CDI CEO Robert Baumgartner confirmed that the company is considering strategic alternatives. Baumgartner says the sales process is at an early point.</p> <p>“We’ve been extremely pleased with our relationship with Onex, but we are exploring alternatives at this point,” he told peHUB.</p> <p>Onex owns 81% of CDI, including 19% held by the parent firm. The balance is held by company management and radiologists.</p> <p><a href="http://www.pehub.com/wordpress/wp-content/uploads//quantum-jpg.jpeg"><img class="alignright size-medium wp-image-81077" title="quantum-jpg" src="http://www.pehub.com/wordpress/wp-content/uploads//quantum-jpg.jpeg" alt="" width="230" height="79" /></a>The second deal involves Onex, but this time as a <em>buyer</em>. Riverside Partners, the Boston PE shop, is selling Quantum Medical Imaging to Onex Partners, sources tell peHUB. News of the deal appeared yesterday on the FTC website.</p> <p>Quantum Imaging makes and designs medical radiographic systems for hospitals and image centers.</p> <p>Riverside acquired Quantum via a recap in 2005. The Quantum investment came from Riverside’s third fund which raised $225 million in 2006. The PE shop invests in health care and technology companies with $5 million to $25 million EBITDA.</p> <p>Officials for Onex and Riverside could not be reached for comment.</p> <p><a href="http://feedads.g.doubleclick.net/~a/4oNCIr8NlybBbjQdqMxWj2Jxnq8/0/da"><img src="http://feedads.g.doubleclick.net/~a/4oNCIr8NlybBbjQdqMxWj2Jxnq8/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/4oNCIr8NlybBbjQdqMxWj2Jxnq8/1/da"><img src="http://feedads.g.doubleclick.net/~a/4oNCIr8NlybBbjQdqMxWj2Jxnq8/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:D7DqB2pKExk"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=g2xmH2WDy48:oqmtPmMP6wA:D7DqB2pKExk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=g2xmH2WDy48:oqmtPmMP6wA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=g2xmH2WDy48:oqmtPmMP6wA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=g2xmH2WDy48:oqmtPmMP6wA:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/g2xmH2WDy48" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(85) "http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(80) "http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [7]=> array(6) { ["data"]=> string(59) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(54) "Ridgemont Inks First Announced Buy Since BofA Spin Off" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/iBw4w8jmiKY/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(91) "http://www.pehub.com/81052/ridgemont-inks-first-announced-buy-since-bofa-spin-off/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Tue, 31 Aug 2010 18:16:53 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(6) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(25) "Ridgemont Equity Partners" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81052" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(678) "With its planned buy of United Private Networks, Ridgemont Equity Partners unveiled its first announced acquisition since spinning off from BofA. First announced acquisition? Yeah, you heard right. Ridgemont has made an investment in another company, an energy firm, but hasn’t told anyone yet. When I asked the name of the company, Travis Hain, a Ridgemont partner, said: “We’ll let you know when we announce it.” Gee, thanks. Anyway, Ridgemont is taking a majority stake in UPN, of Kansas City, Mo., which provides high-bandwidth, fiber-based communications networks. The sellers were the shareholders of UPN, which will retain a minority stake in the new company." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4934) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//fiber_blue3.jpg"><img class="alignleft size-medium wp-image-81059" title="fiber_blue3" src="http://www.pehub.com/wordpress/wp-content/uploads//fiber_blue3-300x142.jpg" alt="" width="300" height="142" /></a>With its planned buy of United Private Networks, Ridgemont Equity Partners unveiled its first announced acquisition since spinning off from BofA.</p> <p>First announced acquisition? Yeah, you heard right. Ridgemont has made an investment in a second company, an energy firm, but hasn’t told anyone yet.  When I asked the name of the company, Travis Hain, a Ridgemont partner, said: “We’ll let you know when we announce it.”</p> <p>Gee, thanks.</p> <p>Anyway, Ridgemont is taking a majority stake in UPN, of Kansas City, Mo. The company provides high-bandwidth, fiber-based communications networks to school districts and government organizations. The sellers were the shareholders of UPN, which will retain a minority stake in the company.</p> <p>Ridgemont didn’t provide a deal value. The PE shop typically invests $25 million to $100 million equity per transaction. “It’s in the range,” said George Morgan, a partner.</p> <p>The Royal Bank of Canada, CoBank and Webster Bank are providing senior debt.  The deal is expected to close in fourth quarter.</p> <p>UPN looks remarkably similar to another recent deal for Ridgemont. Last week, the PE shop announced it and Nautic Partners <a href="http://www.pehub.com/80624/two-exits-for-nautic-partners-after-long-holds/">were selling Fibertech Networks</a> to Court Square Capital Partners for north of $500 million.</p> <p>Morgan says the two companies are very similar except that Fibertech targets the Northeast, UPN the Midwest. Ridgemont likes the fiber network sector, which saw a number of companies formed in the late 1990s or early 2000s. “We’ve seen the industry grow consistently through different economic cycles,” Morgan said. “We’ve seen a tremendous demand for data traffic.”</p> <p>Morgan wouldn&#8217;t talk about Ridgemont&#8217;s investment in Fibertech, which the PE shop held for nearly a decade. Ridgemont wouldn’t be against another long hold for UPN, Morgan said.</p> <p>Ridgemont <a href="http://www.pehub.com/78926/boa-refugees-form-new-firm-plan-to-raise-fund/">spun off from BofA </a>earlier this month. The newly liberated team plans to begin marketing for a fund next year and complete fundraising by 2012, Hain said. Ridgemont is managing a $1.3 billion portfolio, which represents about 23% of BofA’s PE portfolio as of June 30.</p> <p>“The spin-off has been seamless and we’re off to very good start with an exit and a new investment,” he said. (Make that two investments.)</p> <p><a href="http://feedads.g.doubleclick.net/~a/BvW6R_9NEx3vPe_TAOw_g9YzEVA/0/da"><img src="http://feedads.g.doubleclick.net/~a/BvW6R_9NEx3vPe_TAOw_g9YzEVA/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/BvW6R_9NEx3vPe_TAOw_g9YzEVA/1/da"><img src="http://feedads.g.doubleclick.net/~a/BvW6R_9NEx3vPe_TAOw_g9YzEVA/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:D7DqB2pKExk"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=iBw4w8jmiKY:0q_MXh4qt6k:D7DqB2pKExk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=iBw4w8jmiKY:0q_MXh4qt6k:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=iBw4w8jmiKY:0q_MXh4qt6k:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=iBw4w8jmiKY:0q_MXh4qt6k:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/iBw4w8jmiKY" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(87) "http://www.pehub.com/81052/ridgemont-inks-first-announced-buy-since-bofa-spin-off/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(82) "http://www.pehub.com/81052/ridgemont-inks-first-announced-buy-since-bofa-spin-off/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [8]=> array(6) { ["data"]=> string(63) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(46) "Brockway Moran Buys Turning Tech From Talisman" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/jXY7VkbmpTM/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(83) "http://www.pehub.com/81027/brockway-moran-buys-turning-tech-from-talisman/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Tue, 31 Aug 2010 12:59:46 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(7) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(29) "Brockway Moran &amp; Partners" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(16) "Talisman Capital" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81027" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(570) "Brockway Moran &#38; Partners has bought Turning Technologies, which provides response systems used by educators and presenters. The seller is Talisman Capital Partners, a PE shop in Columbus. peHUB <a href="http://www.pehub.com/80637/talisman-is-selling-turning-tech-to-brockway-moran/">reported the sale </a>to Brockway Moran last week. Now we have confirmation but no deal value. Turning Technologies’ management appears to be retaining a stake, <a href="http://www.turningtechnologies.com/company/pressroom/pressreleases/?i=373">according to a press release</a>. " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(3725) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//brockwaymoran_logo.gif"><img class="alignleft size-medium wp-image-81029" title="brockwaymoran_logo" src="http://www.pehub.com/wordpress/wp-content/uploads//brockwaymoran_logo.gif" alt="" width="298" height="200" /></a>Brockway Moran &amp; Partners has bought Turning Technologies, which provides response systems used by educators and presenters. The seller is Talisman Capital Partners, a PE shop in Columbus, Ohio.</p> <p>peHUB <a href="http://www.pehub.com/80637/talisman-is-selling-turning-tech-to-brockway-moran/">reported the sale </a>to Brockway Moran last week. Now we have confirmation but no deal value. Turning Technologies’ management appears to be retaining a stake, <a href="http://www.turningtechnologies.com/company/pressroom/pressreleases/?i=373">according to a press release</a>.</p> <p>Turning Tech, of Youngstown, Ohio, makes polling software, handheld response devices and response receivers. The company sells its products to schools, universities, enterprises and government agencies, according to the company website. Talisman acquired Turning Technologies via a recapitalization in 2006. It&#8217;s not clear how much they invested.</p> <p>Brockway, which has $1.3 billion capital under management, likes &#8220;growth-oriented companies.&#8221; The buyout shop, along with MVP Capital Partners, recently inked a deal to sell Air Medical Group to Bain Capital for about $1 billion.</p> <p>Officials for Talisman and Brockway couldn&#8217;t be reached for comment.</p> <p><a href="http://feedads.g.doubleclick.net/~a/VxXedQq_jsoiaw-mpgzQeM-Em1s/0/da"><img src="http://feedads.g.doubleclick.net/~a/VxXedQq_jsoiaw-mpgzQeM-Em1s/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/VxXedQq_jsoiaw-mpgzQeM-Em1s/1/da"><img src="http://feedads.g.doubleclick.net/~a/VxXedQq_jsoiaw-mpgzQeM-Em1s/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:D7DqB2pKExk"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=jXY7VkbmpTM:7lhn55Kw9Gg:D7DqB2pKExk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=jXY7VkbmpTM:7lhn55Kw9Gg:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=jXY7VkbmpTM:7lhn55Kw9Gg:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=jXY7VkbmpTM:7lhn55Kw9Gg:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/jXY7VkbmpTM" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(79) "http://www.pehub.com/81027/brockway-moran-buys-turning-tech-from-talisman/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(74) "http://www.pehub.com/81027/brockway-moran-buys-turning-tech-from-talisman/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [9]=> array(6) { ["data"]=> string(63) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(27) "Are PE Firms Stalking Saks?" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/JRJoBDSta1U/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://www.pehub.com/80988/are-pe-firms-stalking-saks/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Tue, 31 Aug 2010 02:55:33 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(7) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(13) "Homepage-News" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(9) "Saks Inc." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=80988" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(499) "A private equity consortium is in talks to buy Saks, according to the Daily Mail. The group, comprised of both U.S. and U.K. buyout shops, has <a href="http://www.dailymail.co.uk/money/article-1307507/A-bid-Saks-store.html?ito=feeds-newsxml">been stalking Saks</a> for months. Due diligence is near completed and a cash bid of $1.7 billion, or $11 a share, could be tabled soon, the Daily Mail said. Shares of Saks closed Monday at $6.60. In after-hours trading they gained more than 19% to $7.87." 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["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [7]=> array(5) { ["data"]=> string(12) "Welsh Carson" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81398" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(741) "It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones. One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!). Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said." 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The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!).</p> <p>Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said.</p> <p>A surprisingly strong M&amp;A market has <a href="http://www.guardian.co.uk/business/2010/aug/20/mergers-acquisitions-banking-industry">disrupted the summers</a> of bankers and PE execs. There sure have been a lot of deals. HP <a href="http://www.hp.com/hpinfo/newsroom/press/2010/100902b.html">outlasted</a> Dell to buy 3Par for $3.25 billion, BHP is <a href="http://www.reuters.com/article/idUSTRE67G1R620100903">acquiring Potash</a> for $39 billion (a white knight  may still emerge) and 3G Capital <a href="http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/">scooped up</a> BK for $4 billion.</p> <p>But there have also been a lot of companies going up for sale. Welsh, Carson, Anderson &amp; Stowe has put Concentra, a provider of healthcare and wellness services, <a href="http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/">on the block</a>. Onex Corp. <a href="http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/">is selling </a>the Center for Diagnostic Imaging, while Riverside Partners, the Boston PE shop, is selling Quantum Medical Imaging to Onex.</p> <p>Still, all hope isn’t lost for PE execs looking to take a break. “I am actually at my summer house on lower Cape Cod riding out the hurricane!” one person wrote in an email.</p> <p>What are you doing this weekend?</p> <p><a href="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/0/da"><img src="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/1/da"><img src="http://feedads.g.doubleclick.net/~a/hy9zmWTpFpTg1GSRhFbvgvqqVrE/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=0cwvC1-ZowE:a23hz4FeZBE:yIl2AUoC8zA"><img 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["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(34) "Northwestern Mutual Life Insurance" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(19) "Russell Investments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81368" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(894) "While many people may still be talking about the BK sale, there is another deal that has the potential to be a whopper. Northwestern Mutual Life Insurance is thinking about selling Russell Investments. Before you laugh, a Russell sale would be a big deal in the asset management space. Anyone who has invested in the stock market knows Russell, which is best known as the index provider behind many biggest mutual funds. Northwestern Mutual has decided that Russell Investments isn’t a core asset anymore and is seriously considering putting the $140 billion asset manager<a href="http://www.investmentnews.com/article/20100829/REG/308299978"> up for sale</a>, according to Investment News. Northwestern Mutual bought Russell in 1998 in a deal that was estimated at $1.2 billion. Earlier this year, Russell sold Pantheon Ventures, its PE firm, to Affiliated Managers Group for $775 million." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(6106) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//russell-investments.jpeg"><img class="alignleft size-medium wp-image-81370" title="russell-investments" src="http://www.pehub.com/wordpress/wp-content/uploads//russell-investments.jpeg" alt="" width="139" height="128" /></a>While many people may still be talking about the BK sale, there is another deal that has the potential to be a whopper. Northwestern Mutual Life Insurance is thinking about selling Russell Investments.</p> <p>Before you laugh, a Russell sale would be a big deal in the asset management space. Anyone who has invested in the stock market knows Russell, which is best known as the index provider behind many mutual funds.</p> <p>Northwestern Mutual has decided that Russell Investments isn’t a core asset anymore and is seriously considering putting the $140 billion money manager<a href="http://www.investmentnews.com/article/20100829/REG/308299978"> up for sale</a>, according to Investment News. Northwestern Mutual bought Russell in 1998 in a deal that was estimated at $1.2 billion. Earlier this year, Russell sold Pantheon Ventures, its PE firm, to Affiliated Managers Group for $775 million.</p> <p>I’m hearing that the Russell rumors are true but a sale isn’t imminent and likely won’t come this year. Russell is expected to go on the block next year, possibly in the second half of 2011.</p> <p>Still, a Russell sale is expected to be hot and the company could fetch $2 billion to $2.5 billion, sources say. PE firms will likely be very interested. Buyout shops that have invested in the asset management space include Hellman &amp; Friedman, TA Associates, KKR, Bain Capital and Carlyle Group.</p> <p>But why sell?</p> <p>Tacoma, Wash.-based Russell has suffered some setbacks over the past few years. The fund firm reportedly asked Craig Ueland, its CEO, <a href="http://www.thenewstribune.com/2008/06/10/385065/russell-ceo-craig-ueland-resigns.html">to resign</a> in 2008 (Andrew Doman replaced him as CEO in January 2009). In March, Russell CFO <a href="http://www.pionline.com/article/20100322/PRINTSUB/303229975">Frank Ryan and chief of staff Terry Berland</a> left.</p> <p>In 2009, Russell <a href="http://www.bizjournals.com/seattle/blog/2010/08/russell_investments_not_for_sale.html">laid off 20%</a>, or 400 members, of its 2,000-employee workforce. Russell currently employs about 1,800 people. Russell also scuttled its hedge fund-of-funds business and the parent firm had to rescue Russell’s money-markets funds, according to the <em>Seattle Times</em>.</p> <p>Russell doesn’t have a strategy, one source says. “The new CEO is struggling big time,” the person says.</p> <p>&#8220;They are still dealing with bad morale from the layoffs, the closing down of the fund of funds business, the sale of the PE arm,&#8221; another source says. &#8220;If they want $2 billion, they will have to prove the operations [have] stabilized.&#8221;</p> <p>All of these problems have not stopped Russell from branching into alternatives. In 2009, Russell decided to launch its <a href="http://www.indexuniverse.com/sections/news/7561-russell-investments-plans-family-of-11-etfs.html">own line of exchange traded funds</a>, including ETFs focused on emerging and developed markets. But the ETFs have been stalled in SEC registration (Russell did launch a fund in Australia but has yet to get clearance in the United States).</p> <p>(UPDATE: Jennifer Tice, a Russell spokeswoman, declined comment beyond a simple denial. &#8220;Russell is not for sale,&#8221; she said. Meredyth Naramore, a Northwestern Mutual spokesperson, wrote in an email that stories about the Russell sale are &#8220;merely rumor and speculation. The company is not for sale.&#8221;)</p> <p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: #1f497d;"><span style="font-size: small;"><span style="font-family: Calibri;"></span></span></span></p> <p><a href="http://feedads.g.doubleclick.net/~a/ZGnxUmFaXgC2eKMQn78N6pAYqnA/0/da"><img src="http://feedads.g.doubleclick.net/~a/ZGnxUmFaXgC2eKMQn78N6pAYqnA/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/ZGnxUmFaXgC2eKMQn78N6pAYqnA/1/da"><img src="http://feedads.g.doubleclick.net/~a/ZGnxUmFaXgC2eKMQn78N6pAYqnA/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=j0rRxJhpXi0:YwvwsmAYMiM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=j0rRxJhpXi0:YwvwsmAYMiM:dnMXMwOfBR0"><img 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href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=j0rRxJhpXi0:YwvwsmAYMiM:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=j0rRxJhpXi0:YwvwsmAYMiM:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=j0rRxJhpXi0:YwvwsmAYMiM:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/j0rRxJhpXi0" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(79) "http://www.pehub.com/81368/sale-of-russell-investments-could-be-a-whopper/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } 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["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(92) "http://www.pehub.com/81259/dickey-family-coughs-up-20-25-million-for-modern-luxury/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Thu, 02 Sep 2010 14:30:09 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(5) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(19) "Modern Luxury Media" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81259" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(932) "I'm hearing that the Dickey Family paid around $20 to $25 million for Modern Luxury Media. Last week, Dickey Publishing <a href="http://www.marketwatch.com/story/modern-luxury-media-to-be-acquired-by-dickey-publishing-inc-2010-08-27?reflink=MW_news_stmp">announced </a>it had acquired the assets of Modern Luxury, which includes 26 titles in 12 markets, like New York, L.A. and Chicago. The Dickey Family controls Cumulus Media, which will operate Modern Luxury through Cumulus' Structured Management Services division. Modern Luxury <a href="http://www.pehub.com/75642/modern-luxury-aint-what-it-used-to-be-could-sell-for-just-10-million/">was expected to sell</a> for $10 million but ended up going for $20 to $25 million. Some think that's too high. The magazine company, though operating in many markets, is losing money. Earlier this year, Modern Luxury ousted its CEO, Michael Kong, after defaulting on $120 million in debt." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(3723) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//city_magazine2.jpg"><img class="alignleft size-medium wp-image-81263" title="city_magazine2" src="http://www.pehub.com/wordpress/wp-content/uploads//city_magazine2.jpg" alt="" width="168" height="205" /></a>I&#8217;m hearing that the Dickey Family paid around $20 to $25 million for Modern Luxury Media.</p> <p>Last week, Dickey Publishing <a href="http://www.marketwatch.com/story/modern-luxury-media-to-be-acquired-by-dickey-publishing-inc-2010-08-27?reflink=MW_news_stmp">announced </a>it had acquired the assets of Modern Luxury, which includes 26 titles in 12 markets, like New York, L.A. and Chicago. The Dickey Family controls Cumulus Media, which will operate Modern Luxury through Cumulus&#8217; Structured Management Services division.</p> <p>Modern Luxury <a href="http://www.pehub.com/75642/modern-luxury-aint-what-it-used-to-be-could-sell-for-just-10-million/">was expected to sell</a> for $10 million but ended up going for much higher. Some think too high. The magazine company, though operating in many markets, is losing money, sources have said. Earlier this year, Modern Luxury ousted its CEO, Michael Kong, after defaulting on $120 million in debt.</p> <p>One buyout exec says the price tag was in line with what Modern Luxury’s banks&#8211; GE Business Financial Services and NewStar Financial&#8211; were seeking. “That’s been the range,” the source says.</p> <p>Macquarie Capital advised the Dickey family. Berkery, Noyes &amp; Co. represented Modern Luxury.</p> <p><a href="http://feedads.g.doubleclick.net/~a/aC-kPQT4xilQ9SNfIGEd4Z6AQys/0/da"><img src="http://feedads.g.doubleclick.net/~a/aC-kPQT4xilQ9SNfIGEd4Z6AQys/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/aC-kPQT4xilQ9SNfIGEd4Z6AQys/1/da"><img src="http://feedads.g.doubleclick.net/~a/aC-kPQT4xilQ9SNfIGEd4Z6AQys/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=ISU7HdtmW5M:b5lGilqEJUc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=ISU7HdtmW5M:b5lGilqEJUc:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=ISU7HdtmW5M:b5lGilqEJUc:D7DqB2pKExk"><img 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array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Thu, 02 Sep 2010 13:58:01 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(7) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(10) "3G Capital" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(11) "Burger King" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81251" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(1172) "Burger King is changing hands again. 3G Capital has agreed to buy the home of the Whopper for about $4 billion. 3G Capital is paying $24 a share, <a href="http://www.marketwatch.com/story/burger-king-holdings-inc-to-be-acquired-by-3g-capital-2010-09-02?reflink=MW_news_stmp">according to an announcement Thursday</a>. The WSJ says that banks <a href="http://online.wsj.com/article/SB10001424052748704206804575467370505104544.html?mod=WSJ_hps_MIDDLETopStories">are financing</a> about $2.8 billion of the deal. John Chidsey, BK’s Chairman and CEO, will stay through the transition in these roles and then become co-chairman. Alex Behring, a 3G managing partner, will also become co-chairman. TPG Capital, Goldman Sachs Capital Partners and Bain Capital currently own a combined 31% of BK. They are tendering their shares in the deal. So who is 3G Capital? The Financial Times <a href="http://www.ft.com/cms/s/0/f257d888-b5f9-11df-a048-00144feabdc0.html">says it’s a hedge fund</a> based in New York that is backed by a group of Brazilian entrepreneurs, collectively known as “the Trio." The Trio are best known for building the Brazilian brewery that became InBev." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(3789) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//burger-king-guitar-1.jpg"><img class="alignleft size-medium wp-image-81256" title="burger-king-guitar-1" src="http://www.pehub.com/wordpress/wp-content/uploads//burger-king-guitar-1-200x300.jpg" alt="" width="200" height="300" /></a>Burger King is changing hands again. 3G Capital has agreed to buy the home of the Whopper for about $4 billion.</p> <p>3G Capital is paying $24 a share, <a href="http://www.marketwatch.com/story/burger-king-holdings-inc-to-be-acquired-by-3g-capital-2010-09-02?reflink=MW_news_stmp">according to an announcement Thursday</a>. The WSJ says that banks <a href="http://online.wsj.com/article/SB10001424052748704206804575467370505104544.html?mod=WSJ_hps_MIDDLETopStories">are financing</a> about $2.8 billion of the deal. John Chidsey, BK’s Chairman and CEO, will stay through the transition in these roles and then become co-chairman. Alex Behring, a 3G managing partner, will also become co-chairman.</p> <p>TPG Capital, Goldman Sachs Capital Partners and Bain Capital currently own a combined 31% of BK. They are tendering their shares in the deal.</p> <p>So who is 3G Capital? The Financial Times <a href="http://www.ft.com/cms/s/0/f257d888-b5f9-11df-a048-00144feabdc0.html">says it’s a hedge fund</a> based in New York that is backed by a group of Brazilian entrepreneurs, collectively known as “the Trio.&#8221; The Trio are best known for building the Brazilian brewery that became InBev.</p> <p>Lazard, JP Morgan and Barclays Capital advised 3G. 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href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=r-_Fq8qQZjM:90Re8XH5hUQ:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=r-_Fq8qQZjM:90Re8XH5hUQ:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/r-_Fq8qQZjM" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(87) "http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(82) "http://www.pehub.com/81251/3g-capital-scoops-up-home-of-the-whopper-for-4-billion/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [4]=> array(6) { ["data"]=> string(59) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(39) "Welsh Carson Puts Concentra Up for Sale" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/XTuxVKdZJGc/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(76) "http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Wed, 01 Sep 2010 19:08:55 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(6) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(33) "Welsh Carson Anderson &amp; Stowe" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81172" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(470) "After owning the company for more than a decade, Welsh, Carson, Anderson &#38; Stowe has put Concentra on the block, peHUB has learned. Barclays is advising on the sale, sources say. In 1998, Welsh Carson acquired Concentra, which provides healthcare and wellness services to employers and general public, in a deal valued at $1.1 billion. It’s not clear how much Welsh invested. Concentra has $752 million in annual revenue, according to the Welsh Carson web site." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4714) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//welsh-carson.gif"><img class="alignleft size-medium wp-image-81176" title="welsh-carson" src="http://www.pehub.com/wordpress/wp-content/uploads//welsh-carson.gif" alt="" width="292" height="172" /></a>After owning the company for more than a decade,  Welsh, Carson, Anderson &amp; Stowe has put Concentra on the block, peHUB has learned.</p> <p>Barclays is advising on the sale, sources say.</p> <p>In 1998, Welsh Carson acquired Concentra, which provides healthcare and wellness services to employers and the general public, in a deal valued at $1.1 billion. It’s not clear how much Welsh Carson invested. Concentra has $752 million in annual revenue, according to the Welsh Carson web site.</p> <p>Larger buyout shops would likely be interested in Concentra, a banker says. This could include Blackstone or TPG or KKR. Strategics are not considered viable buyers.</p> <p>&#8220;This will require a sizeable equity check,&#8221; a buyout executive says.</p> <p>Concentra, of Addison, Texas, is a national provider of occupational health services. The company has 300 medical centers in 40 states that offer occupational medicine, urgent care, physical therapy, and wellness services, according to its web site. Recently, the company has been trying to morph itself into a provider of primary care clinics, the banking source says.</p> <p>“Concentra was the place you went for drug tests if you got hurt on the job, because they have clinics near employers,” the banker says.</p> <p>The company generated $808 million revenues during the 12 months ended March 31, 2009, according to Moody’s Investors Services. Over the same period Concentra produced about $83 million of cash from operations, Moody’s said.</p> <p><a href="http://www.pehub.com/wordpress/wp-content/uploads//concentra-logo.jpg"><img class="alignright size-medium wp-image-81177" title="concentra-logo" src="http://www.pehub.com/wordpress/wp-content/uploads//concentra-logo.jpg" alt="" width="200" height="90" /></a>New York-based Welsh Carson is a major player in the healthcare space. The PE shop has invested in Bausch &amp; Lomb, Multiplan, Aptuit, and Ardent Health Services.</p> <p>Concentra is not the oldest holding at Welsh Carson. The PE shop has owned Global Knowledge since 1995. 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src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=XTuxVKdZJGc:UfOgNa9j0ME:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=XTuxVKdZJGc:UfOgNa9j0ME:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/XTuxVKdZJGc" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(72) "http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(67) "http://www.pehub.com/81172/welsh-carson-puts-concentra-up-for-sale/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [5]=> array(6) { ["data"]=> string(67) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(62) "UPDATE: It’s 3G Capital, not 3i Group, That Is Hungry For BK" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/KXBeMBawt74/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(86) "http://www.pehub.com/81142/3i-isnt-hungry-for-bk-denies-holding-buyout-talks/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Wed, 01 Sep 2010 14:30:36 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(8) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(14) "PE-Backed IPOs" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(8) "3i Group" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [7]=> array(5) { ["data"]=> string(11) "Burger King" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81142" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(891) "Today’s big news is that Burger King is holding potential sales talks with buyout shops. The Wall Street Journal, which <a href="http://online.wsj.com/article/SB10001424052748703467004575464521824398544.html">reported the discussions</a>, says BK has been in talks with PE firms for weeks and one interested firm was 3i Group. However, 3i is denying the discussions. “We are not in talks to buy Burger King,” a 3i spokeswoman wrote in an email Wednesday. This isn’t the first time BK has sought out help from PE firms. In fact, buyout firms once owned Burger King. Diageo, in 2002, sold the home of the whopper to TPG, Bain Capital and Goldman Sachs for $1.5 billion. Burger King then went public in 2006 and the PE firms sold much of their holdings. TPG still owns a roughly 11% stake, Bain has 10% and Goldman Sachs also holds about 10% as of June 30, according to Yahoo Finance." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4642) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//whopper.jpeg"><img class="alignleft size-medium wp-image-81146" title="whopper" src="http://www.pehub.com/wordpress/wp-content/uploads//whopper.jpeg" alt="" width="211" height="176" /></a>Today’s big news is that Burger King is holding potential sales talks with buyout shops.</p> <p>The Wall Street Journal, which <a href="http://online.wsj.com/article/SB10001424052748703467004575464521824398544.html">reported the discussions</a>, says BK has been in talks with PE firms for weeks and one interested firm was 3i Group. However, 3i is denying the discussions. “We are not in talks to buy Burger King,” a 3i spokeswoman wrote in an email Wednesday.</p> <p>This isn’t the first time BK has sought out help from PE firms. In fact, buyout firms once owned Burger King. Diageo, in 2002, sold the home of the whopper to TPG, Bain Capital and Goldman Sachs for $1.5 billion. Burger King then went public in 2006 and the PE firms sold much of their holdings. TPG still owns a roughly 11% stake, Bain has 10% and Goldman Sachs also holds about 10% as of June 30, according to Yahoo Finance.</p> <p>BK’s search for a PE investor comes after reporting dismal earnings last week. BK, which introduced the Whopper in 1957, said revenue dropped 1% to $623 million for its fourth quarter ended June 30. Net income was off 17% to $49 million.</p> <p>Revenue for the 12 months ended June 30 was flat at $2.5 billion. But profit for the year slumped 7% to $186.8 million. Worldwide comparable sales were -2.3%, BK said.</p> <p>(<strong>UPDATE</strong>: The New York Times <a href="http://dealbook.blogs.nytimes.com/2010/09/01/burger-king-in-buyout-talks-but-not-with-3i/?hp">is reporting</a> that the PE firm interested in buy BK is 3G Capital, not 3i. A deal could be reached in coming days, the story said.)</p> <p>Who is 3G? I don&#8217;t know and the NY Times <a href="http://dealbook.blogs.nytimes.com/2010/09/01/more-on-burger-kings-brazilian-suitors/?src=twt&amp;twt=nytimesdealbook">doesn&#8217;t provide much information</a>. The little known PE shop has apparently held a stake in Wendy&#8217;s. The NY Times report named Alexandre Behring as leading the deal for 3G. Behring is a Brazilian who before joining 3G spent 10 years at GP Investments, one of Latin America’s largest private-equity firms.</p> <p>TPG declined comment. Officials for Burger King and Goldman couldn’t be reached for comment.</p> <p><a href="http://feedads.g.doubleclick.net/~a/CQrhD5q_y3Ue27xTlSk6bGuhIgo/0/da"><img src="http://feedads.g.doubleclick.net/~a/CQrhD5q_y3Ue27xTlSk6bGuhIgo/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/CQrhD5q_y3Ue27xTlSk6bGuhIgo/1/da"><img src="http://feedads.g.doubleclick.net/~a/CQrhD5q_y3Ue27xTlSk6bGuhIgo/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:D7DqB2pKExk"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=KXBeMBawt74:3JDtnrZOyyU:D7DqB2pKExk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=KXBeMBawt74:3JDtnrZOyyU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=KXBeMBawt74:3JDtnrZOyyU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=KXBeMBawt74:3JDtnrZOyyU:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=KXBeMBawt74:3JDtnrZOyyU:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/KXBeMBawt74" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(82) "http://www.pehub.com/81142/3i-isnt-hungry-for-bk-denies-holding-buyout-talks/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(77) "http://www.pehub.com/81142/3i-isnt-hungry-for-bk-denies-holding-buyout-talks/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [6]=> array(6) { ["data"]=> string(63) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(52) "Onex Puts Center for Diagnostic Imaging On the Block" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/g2xmH2WDy48/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(89) "http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Tue, 31 Aug 2010 20:34:20 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(7) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(10) "Onex Corp." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(18) "Riverside Partners" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81067" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(802) "Late August is supposed to be slow for M&#38;A but I’m finding the opposite today. There are two deals, both involving Onex Corp., on tap. First off, Onex has put portfolio company, Center for Diagnostic Imaging, up for sale, sources say. J.P. Morgan Chase is advising on the deal. It’s not clear who is bidding for CDI or what it could go for. Onex bought CDI in 2005 in a deal valued at $160 million, according to press reports from that time. Minneapolis-based CDI is a provider of diagnostic and therapeutic radiology services in the U.S. It operates 58 outpatient diagnostic imaging centers in 12 markets. Onex Partners invested $73 million in CDI, which includes $17 million from Onex, the parent company. CDI had annual revenue of $141 million in 2009, according to the firm’s web site." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4685) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//onex-jpeg1.jpeg"><img class="alignleft size-medium wp-image-81070" title="onex-jpeg1" src="http://www.pehub.com/wordpress/wp-content/uploads//onex-jpeg1.jpeg" alt="" width="160" height="40" /></a>Late August is supposed to be slow for M&amp;A, but I’m finding the opposite today. There are two deals, both involving Onex Corp., on tap.</p> <p>First off, Onex has put portfolio company Center for Diagnostic Imaging up for sale, sources say. J.P. Morgan Chase is advising on the deal. It’s not clear who is bidding for CDI or what it could go for.</p> <p>Onex is the large, publicly traded investment firm in Canada. Onex Partners, its PE unit, bought CDI in 2005 in a deal valued at $160 million, according to press reports from that time.</p> <p>Minneapolis-based CDI is a provider of diagnostic and therapeutic radiology services in the U.S. It operates 58 outpatient diagnostic imaging centers in 12 markets. Onex Partners invested $73 million in CDI, which includes $17 million from Onex, the parent company. CDI had annual revenue of $141 million in 2009, according to the firm’s website.</p> <p>CDI CEO Robert Baumgartner confirmed that the company is considering strategic alternatives. Baumgartner says the sales process is at an early point.</p> <p>“We’ve been extremely pleased with our relationship with Onex, but we are exploring alternatives at this point,” he told peHUB.</p> <p>Onex owns 81% of CDI, including 19% held by the parent firm. The balance is held by company management and radiologists.</p> <p><a href="http://www.pehub.com/wordpress/wp-content/uploads//quantum-jpg.jpeg"><img class="alignright size-medium wp-image-81077" title="quantum-jpg" src="http://www.pehub.com/wordpress/wp-content/uploads//quantum-jpg.jpeg" alt="" width="230" height="79" /></a>The second deal involves Onex, but this time as a <em>buyer</em>. Riverside Partners, the Boston PE shop, is selling Quantum Medical Imaging to Onex Partners, sources tell peHUB. News of the deal appeared yesterday on the FTC website.</p> <p>Quantum Imaging makes and designs medical radiographic systems for hospitals and image centers.</p> <p>Riverside acquired Quantum via a recap in 2005. The Quantum investment came from Riverside’s third fund which raised $225 million in 2006. The PE shop invests in health care and technology companies with $5 million to $25 million EBITDA.</p> <p>Officials for Onex and Riverside could not be reached for comment.</p> <p><a href="http://feedads.g.doubleclick.net/~a/4oNCIr8NlybBbjQdqMxWj2Jxnq8/0/da"><img src="http://feedads.g.doubleclick.net/~a/4oNCIr8NlybBbjQdqMxWj2Jxnq8/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/4oNCIr8NlybBbjQdqMxWj2Jxnq8/1/da"><img src="http://feedads.g.doubleclick.net/~a/4oNCIr8NlybBbjQdqMxWj2Jxnq8/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:D7DqB2pKExk"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=g2xmH2WDy48:oqmtPmMP6wA:D7DqB2pKExk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=g2xmH2WDy48:oqmtPmMP6wA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=g2xmH2WDy48:oqmtPmMP6wA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=g2xmH2WDy48:oqmtPmMP6wA:l6gmwiTKsz0"><img 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"http://www.pehub.com/81067/onex-puts-center-for-diagnostic-imaging-on-the-block/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [7]=> array(6) { ["data"]=> string(59) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(54) "Ridgemont Inks First Announced Buy Since BofA Spin Off" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/iBw4w8jmiKY/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(91) "http://www.pehub.com/81052/ridgemont-inks-first-announced-buy-since-bofa-spin-off/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Tue, 31 Aug 2010 18:16:53 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(6) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(25) "Ridgemont Equity Partners" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81052" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(678) "With its planned buy of United Private Networks, Ridgemont Equity Partners unveiled its first announced acquisition since spinning off from BofA. First announced acquisition? Yeah, you heard right. Ridgemont has made an investment in another company, an energy firm, but hasn’t told anyone yet. When I asked the name of the company, Travis Hain, a Ridgemont partner, said: “We’ll let you know when we announce it.” Gee, thanks. Anyway, Ridgemont is taking a majority stake in UPN, of Kansas City, Mo., which provides high-bandwidth, fiber-based communications networks. The sellers were the shareholders of UPN, which will retain a minority stake in the new company." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(4934) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//fiber_blue3.jpg"><img class="alignleft size-medium wp-image-81059" title="fiber_blue3" src="http://www.pehub.com/wordpress/wp-content/uploads//fiber_blue3-300x142.jpg" alt="" width="300" height="142" /></a>With its planned buy of United Private Networks, Ridgemont Equity Partners unveiled its first announced acquisition since spinning off from BofA.</p> <p>First announced acquisition? Yeah, you heard right. Ridgemont has made an investment in a second company, an energy firm, but hasn’t told anyone yet.  When I asked the name of the company, Travis Hain, a Ridgemont partner, said: “We’ll let you know when we announce it.”</p> <p>Gee, thanks.</p> <p>Anyway, Ridgemont is taking a majority stake in UPN, of Kansas City, Mo. The company provides high-bandwidth, fiber-based communications networks to school districts and government organizations. The sellers were the shareholders of UPN, which will retain a minority stake in the company.</p> <p>Ridgemont didn’t provide a deal value. The PE shop typically invests $25 million to $100 million equity per transaction. “It’s in the range,” said George Morgan, a partner.</p> <p>The Royal Bank of Canada, CoBank and Webster Bank are providing senior debt.  The deal is expected to close in fourth quarter.</p> <p>UPN looks remarkably similar to another recent deal for Ridgemont. Last week, the PE shop announced it and Nautic Partners <a href="http://www.pehub.com/80624/two-exits-for-nautic-partners-after-long-holds/">were selling Fibertech Networks</a> to Court Square Capital Partners for north of $500 million.</p> <p>Morgan says the two companies are very similar except that Fibertech targets the Northeast, UPN the Midwest. Ridgemont likes the fiber network sector, which saw a number of companies formed in the late 1990s or early 2000s. “We’ve seen the industry grow consistently through different economic cycles,” Morgan said. “We’ve seen a tremendous demand for data traffic.”</p> <p>Morgan wouldn&#8217;t talk about Ridgemont&#8217;s investment in Fibertech, which the PE shop held for nearly a decade. Ridgemont wouldn’t be against another long hold for UPN, Morgan said.</p> <p>Ridgemont <a href="http://www.pehub.com/78926/boa-refugees-form-new-firm-plan-to-raise-fund/">spun off from BofA </a>earlier this month. The newly liberated team plans to begin marketing for a fund next year and complete fundraising by 2012, Hain said. Ridgemont is managing a $1.3 billion portfolio, which represents about 23% of BofA’s PE portfolio as of June 30.</p> <p>“The spin-off has been seamless and we’re off to very good start with an exit and a new investment,” he said. 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href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=iBw4w8jmiKY:0q_MXh4qt6k:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=iBw4w8jmiKY:0q_MXh4qt6k:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/iBw4w8jmiKY" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(87) "http://www.pehub.com/81052/ridgemont-inks-first-announced-buy-since-bofa-spin-off/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(82) "http://www.pehub.com/81052/ridgemont-inks-first-announced-buy-since-bofa-spin-off/" 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["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Tue, 31 Aug 2010 12:59:46 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(7) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(29) "Brockway Moran &amp; Partners" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(16) "Talisman Capital" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=81027" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(570) "Brockway Moran &#38; Partners has bought Turning Technologies, which provides response systems used by educators and presenters. The seller is Talisman Capital Partners, a PE shop in Columbus. peHUB <a href="http://www.pehub.com/80637/talisman-is-selling-turning-tech-to-brockway-moran/">reported the sale </a>to Brockway Moran last week. Now we have confirmation but no deal value. Turning Technologies’ management appears to be retaining a stake, <a href="http://www.turningtechnologies.com/company/pressroom/pressreleases/?i=373">according to a press release</a>. " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/dc/elements/1.1/"]=> array(1) { ["creator"]=> array(1) { [0]=> array(5) { ["data"]=> string(13) "Luisa Beltran" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://purl.org/rss/1.0/modules/content/"]=> array(1) { ["encoded"]=> array(1) { [0]=> array(5) { ["data"]=> string(3725) "<p><a href="http://www.pehub.com/wordpress/wp-content/uploads//brockwaymoran_logo.gif"><img class="alignleft size-medium wp-image-81029" title="brockwaymoran_logo" src="http://www.pehub.com/wordpress/wp-content/uploads//brockwaymoran_logo.gif" alt="" width="298" height="200" /></a>Brockway Moran &amp; Partners has bought Turning Technologies, which provides response systems used by educators and presenters. The seller is Talisman Capital Partners, a PE shop in Columbus, Ohio.</p> <p>peHUB <a href="http://www.pehub.com/80637/talisman-is-selling-turning-tech-to-brockway-moran/">reported the sale </a>to Brockway Moran last week. Now we have confirmation but no deal value. Turning Technologies’ management appears to be retaining a stake, <a href="http://www.turningtechnologies.com/company/pressroom/pressreleases/?i=373">according to a press release</a>.</p> <p>Turning Tech, of Youngstown, Ohio, makes polling software, handheld response devices and response receivers. The company sells its products to schools, universities, enterprises and government agencies, according to the company website. Talisman acquired Turning Technologies via a recapitalization in 2006. It&#8217;s not clear how much they invested.</p> <p>Brockway, which has $1.3 billion capital under management, likes &#8220;growth-oriented companies.&#8221; The buyout shop, along with MVP Capital Partners, recently inked a deal to sell Air Medical Group to Bain Capital for about $1 billion.</p> <p>Officials for Talisman and Brockway couldn&#8217;t be reached for comment.</p> <p><a href="http://feedads.g.doubleclick.net/~a/VxXedQq_jsoiaw-mpgzQeM-Em1s/0/da"><img src="http://feedads.g.doubleclick.net/~a/VxXedQq_jsoiaw-mpgzQeM-Em1s/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/VxXedQq_jsoiaw-mpgzQeM-Em1s/1/da"><img src="http://feedads.g.doubleclick.net/~a/VxXedQq_jsoiaw-mpgzQeM-Em1s/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:D7DqB2pKExk"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=jXY7VkbmpTM:7lhn55Kw9Gg:D7DqB2pKExk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=jXY7VkbmpTM:7lhn55Kw9Gg:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=jXY7VkbmpTM:7lhn55Kw9Gg:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/pehub/blog/manda?a=jXY7VkbmpTM:7lhn55Kw9Gg:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/pehub/blog/manda?i=jXY7VkbmpTM:7lhn55Kw9Gg:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/pehub/blog/manda/~4/jXY7VkbmpTM" height="1" width="1"/>" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://wellformedweb.org/CommentAPI/"]=> array(1) { ["commentRss"]=> array(1) { [0]=> array(5) { ["data"]=> string(79) "http://www.pehub.com/81027/brockway-moran-buys-turning-tech-from-talisman/feed/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } ["http://rssnamespace.org/feedburner/ext/1.0"]=> array(1) { ["origLink"]=> array(1) { [0]=> array(5) { ["data"]=> string(74) "http://www.pehub.com/81027/brockway-moran-buys-turning-tech-from-talisman/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } } } } [9]=> array(6) { ["data"]=> string(63) " " ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" ["child"]=> array(5) { [""]=> array(7) { ["title"]=> array(1) { [0]=> array(5) { ["data"]=> string(27) "Are PE Firms Stalking Saks?" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["link"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://feedproxy.google.com/~r/pehub/blog/manda/~3/JRJoBDSta1U/" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["comments"]=> array(1) { [0]=> array(5) { ["data"]=> string(63) "http://www.pehub.com/80988/are-pe-firms-stalking-saks/#comments" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["pubDate"]=> array(1) { [0]=> array(5) { ["data"]=> string(31) "Tue, 31 Aug 2010 02:55:33 +0000" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["category"]=> array(7) { [0]=> array(5) { ["data"]=> string(3) "All" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [1]=> array(5) { ["data"]=> string(12) "Buyout Deals" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [2]=> array(5) { ["data"]=> string(20) "Buyout Deals Channel" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [3]=> array(5) { ["data"]=> string(13) "Homepage-News" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [4]=> array(5) { ["data"]=> string(8) "PE Exits" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [5]=> array(5) { ["data"]=> string(18) "PE-Backed M&#038;A" ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } [6]=> array(5) { ["data"]=> string(9) "Saks Inc." ["attribs"]=> array(0) { } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["guid"]=> array(1) { [0]=> array(5) { ["data"]=> string(29) "http://www.pehub.com/?p=80988" ["attribs"]=> array(1) { [""]=> array(1) { ["isPermaLink"]=> string(5) "false" } } ["xml_base"]=> string(0) "" ["xml_base_explicit"]=> bool(false) ["xml_lang"]=> string(0) "" } } ["description"]=> array(1) { [0]=> array(5) { ["data"]=> string(499) "A private equity consortium is in talks to buy Saks, according to the Daily Mail. The group, comprised of both U.S. and U.K. buyout shops, has <a href="http://www.dailymail.co.uk/money/article-1307507/A-bid-Saks-store.html?ito=feeds-newsxml">been stalking Saks</a> for months. Due diligence is near completed and a cash bid of $1.7 billion, or $11 a share, could be tabled soon, the Daily Mail said. Shares of Saks closed Monday at $6.60. In after-hours trading they gained more than 19% to $7.87." 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