GlendonTodd Capital Buys Toutatis
GlendonTodd Capital and Performa Partners have acquired Toutatis Inc., a Sao Paulo, Brazil-based provider of business process outsourcing services. Terms were not released. GlendonTodd Capital is a Dallas-based private equity firm. PRESS RELEASE glendonTodd Capital LLC, a private equity firm that focuses on investments in business services companies and investments in real estate announces the...
Trinity Hunt Partners Backs Equivalent DATA
Trinity Hunt Partners, a Dallas-based private equity firm, has invested an undisclosed amount in Houston-based Equivalent DATA Inc. Terms of the deal were not released. Equivalent DATA provides large-scale electronic discovery services to law firms and corporate clients. PRESS RELEASE Trinity Hunt Partners, a Dallas-based private equity firm with an extensive track record of partnering...
Reuters – BIDZ.com to be Taken Private
Online jewelry retailer BIDZ.com Inc. said it will be taken private by Glendon Group Inc., in a deal valuing the company at about $14.3 million. Glendon will pay 78 cents per share, which represents a premium of about 60% to BIDZ’s Wednesday closing price. (Reuters) – Online jewelry retailer BIDZ.com Inc said it will be...
Reuters – Bids Expected in ING Asia Life Insurance Sale
Global insurers Manulife Financial Corp., Metlife and Prudential Financial Corp. are among suitors expected to place first-round bids on Friday to buy ING Groep’s Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, Reuters reported. (Reuters) – Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N)...
Reuters – Carlyle In Talks to Sell Ta Chong Bank Stake
Private equity firm Carlyle Group is in talks to sell its stake in Taiwan’s Ta Chong Bank to Yuanta Financial in a deal worth up to T$37 billion ($1.25 billion), Reuters wrote Friday. Carlyle is exiting its five-year investment in the small and slow-growing Taiwanese bank in a share swap deal that will also give...
CIT Provides Financing to John Varvatos Enterprises
Publicly traded financial lender CIT Group is providing a senior secured asset-based credit facility to retailer John Varvatos Enterprises in conjunction with the company’s acquisition by private equity firm Lion Capital. PRESS RELEASE: CIT Group Inc. (NYSE: CIT – News) cit.com, a leading provider of financing to small businesses and middle market companies, today announced...
Appleton Papers Merges with Hicks Acquisition in $675 Million Deal
Century-old specialty paper maker Appleton Papers, based in Appleton, Wisconsin, will combine with Hicks Acquisition Company of Dallas, a special purpose acquisition company founded and headed by Thomas Hicks, to create a combined company on the Nasdaq. The companies are not disclosing how much of a stake in Appleton Hicks is getting for its investment...
Comverge Completes Sale to H.I.G. Capital
Affiliates of the private equity firm H.I.G. Capital have acquired Comverge, an energy management company, for $1.75 per share in cash in a roughly $49 million buyout. Comverge is based in Norcross, Georgia. PRESS RELEASE: Comverge, Inc. (“Comverge”) and H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm, today announced that they have...
Piramal Healthcare to Acquire Decision Resources Group for $635M
Piramal Healthcare, a Mumbai-based pharmaceuticals company, has agreed to acquire the Burlington, Mass.-based healthcare data provider Decision Resources Group from Providence Equity Partners for approximately $635 million. PRESS RELEASE: Piramal Healthcare Limited, an innovation led company, has agreed to acquire Decision Resources Group a US based company in the healthcare information segment, from Providence Equity...
Palladium in Market for Fourth Fund as It Tries to Sell Taco Bueno Again
Palladium Equity Partners may finally get to exit Taco Bueno after seven years.
Pearson, Acquires Certiport for $140M in Cash
Pearson, the London-based learning company, is today announcing the acquisition of Certiport from Spire Capital Partners for $140 million in cash. Founded in 1997 in Utah, Certiport develops, markets and distributes certification exams and practice tests of IT and digital literacy skills PRESS RELEASE: Pearson, the world’s leading learning company, is today announcing the acquisition of...
