Interline Brands, a distributor and direct marketer of maintenance, repair and operations products, today announced that it has entered into an agreement to be acquired by GS Capital Partners and P2 Capital Partners for $25.50 per share in cash. The transaction is valued at approximately $1.1 billion, including the assumption of debt. In addition to […]
Quark, a portfolio company of Platinum Equity, announced today its acquisition of , a provider of cloud-based digital publishing services. “Quark’s intention is to be the leader in dynamic publishing. Our acquisition of Mobile IQ is the next step in offering the most comprehensive end-to-end solutions for publishing to mobile devices,” said Ray Schiavone, Quark […]
Thomas H. Lee Partners (THL) announced today that it has signed an agreement under which it will acquire Fogo de Chão Churrascaria (“Fogo”), a group of Brazilian themed fine dining, full-service restaurants, from GP Investments. “With three new restaurants opened in the past 12 months, Fogo has charted a compelling growth path. We couldn’t be […]
Delphi Automotive announced today that it has entered into exclusive negotiations and has made a binding offer to acquire FCI Group’s (“FCI”) Motorized Vehicles Division (“MVL”), a manufacturer of automotive connection systems and a portfolio company of Bain Capital. The transaction is valued at €765 million on a cash and debt-free basis (approximately $972 million […]
Orthofix International announced today that it has completed the divestiture of its Sports Medicine Business Unit, Breg, Inc., to Water Street Healthcare Partners. The purchase price was $157.5 million less normal and customary working capital adjustments and indebtedness. Breg provides a portfolio of sports braces (knee, elbow, shoulder, spine and foot) and cold therapy products […]
The competitive landscape continues to be distorted by unethical conduct. More than one-third of the respondents believe corruption is widespread in their country and this is perceived to be significantly higher in rapid-growth markets (e.g., Brazil – 84 percent, Indonesia – 72 percent, Turkey – 52 percent). Financial statement fraud remains an important risk across […]
It was announced today that Kilmer Capital Partners has acquired a majority interest in Atelka, a contract management services company. “This transaction will allow us to inject new funds in the organization in order to sustain its performance, expand our services and explore new markets,” said Georges Karam, CEO of Atelka. Atelka is a call […]
AngioDynamics, a medical devices company, has completed its acquisition of Navilyst Medical, a portfolio company of Avista Capital Partners. Based on AngioDynamics recent closing price of $12.44 a share the transaction is valued at $355 million. As a result of the acquisition, Avista Capital Partners received approximately 9.4 million shares of AngioDynamics common stock in […]
Royal Adhesives & Sealants, a portfolio company of Arsenal Capital Partners, has announced that Royal will acquire substantially all of the assets of Clifton Adhesives, a provider of adhesives and coatings. “Clifton has a long history supplying adhesives to the demanding aircraft and marine markets. The acquisition of Clifton and merger with Royal represents another […]
ICV Partners announced today that its portfolio company, Stauber Performance Ingredients, a manufacturer and distributor of nutritional ingredients and blends, has acquired Pharmline. “This is an important strategic step for Stauber and we are very pleased with the company’s first phase of growth over the past year. This acquisition represents the next step in building […]
