Charterhouse Selling NewPath to Crown Castle
July 30, 2010
Charterhouse Group has agreed to sell NewPath Networks Inc. to Crown Castle International Corp. (NYSE: CCI), for $115 million. NewPath is a Seattle-based developer and operator of distributed antenna system networks. PRESS RELEASE Charterhouse Group, Inc. (”Charterhouse”) today announced a definitive agreement to sell NewPath Networks, Inc.
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Charterhouse Selling NewPath to Crown Castle
Silver Lake Buys Focus Media Division
July 30, 2010
Silver Lake Partners has agreed to acquire a 62% indirect equity stake in Allyes Online Media Holdings , the Internet subsidiary of Focus Media Holding Ltd. (Nasdaq: FMCN). The deal is valued at $124 million. PRESS RELEASE Focus Media Holding Limited (Nasdaq: FMCN), China’s leading digital media group today announced that they have entered into a definitive share purchase agreement with Silver Lake, a global leader in private investments in technology and technology-enabled industries, pursuant to which Focus Media will sell to Silver Lake a 62% indirect equity ownership of its Internet subsidiary, Allyes Online Media Holdings Ltd and its consolidated subsidiaries and affiliates (together “Allyes”). Under the terms of the agreement, Silver Lake will pay US$124 million to Focus Media, in exchange for the equity ownership of Allyes held by Focus Media. Simultaneously with the signing of the agreement, certain remaining shareholders of Allyes also agree to sell their equity ownership in Allyes to Silver Lake, so that following the series of transactions, Silver Lake will own a controlling stake in Allyes
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Silver Lake Buys Focus Media Division
Water Street Buys Medical Specialties Distributors
July 30, 2010
Water Street Healthcare Partners has acquired Medical Specialties Distributors LLC , a Stoughton, Mass.-based provider of infusion products, supplies, biomedical services and technology solutions to the home infusion therapy market. No financial terms were disclosed. MBF Healthcare Partners was the seller. PRESS RELEASE Water Street Healthcare Partners, a leading private equity firm focused exclusively on health care, announced today that it has acquired Medical Specialties Distributors, LLC (MSD). Headquartered in Stoughton, Massachusetts, MSD is the nation’s leading provider of infusion products, supplies, biomedical services and technology solutions to the growing home infusion therapy market. The acquisition expands Water Street’s current group of health care companies to 12
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Water Street Buys Medical Specialties Distributors
Sterling Group Buys Express
July 30, 2010
The Sterling Group has acquired a majority stake in CCCG LLC , including subsidiaries Express Integrated Technologies and Express Metal Fabricators . No pricing terms were disclosed. BNP Paribas provided debt financial. Tulsa-based Express makes heat transfer, environmental compliance and sound suppression equipment. PRESS RELEASE The Sterling Group, L.P. (” Sterling “), a Houston -based private equity investment firm, today announced that it has completed the acquisition of a majority interest in CCCG, LLC and its subsidiaries, including Express Integrated Technologies and Express Metal Fabricators (collectively, “Express”). The acquisition was financed with equity from Sterling Group Partners II, L.P
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Sterling Group Buys Express
Intermedix Deal Gets Confirmed
July 30, 2010
THL Partners announced an agreement to acquire Intermedix Corp. , a provider of revenue cycle management solutions for emergency services providers, from Parthenon Capital Partners . No financial terms were disclosed. peHUB first reported on the deal earlier this week . PRESS RELEASE Intermedix Corporation (“Intermedix”), a leading provider of revenue cycle management and software solutions to the emergency healthcare industry, announced today that Thomas H. Lee Partners, L.P
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Intermedix Deal Gets Confirmed
IDC Goes Private for $3.4 Billion
July 30, 2010
Silver Lake Partners and Warburg Pincus have completed their take-private buyout of financial information provider Interactive Data Corp. The $22.86 per share deal valued IDC at approximately $3.4 billion. PRESS RELEASE Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced the completion of its acquisition by investment funds managed by Silver Lake and Warburg Pincus. Pursuant to the terms of the agreement entered into on May 3, 2010, Interactive Data’s stockholders will receive $33.86 in cash, without interest, less any applicable withholding taxes, for each share of Interactive Data common stock they own. In conjunction with the transaction, Interactive Data’s common stock will no longer trade on the New York Stock Exchange and will be de-listed accordingly.
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IDC Goes Private for $3.4 Billion
GeoDigm Completes National Dentex Acquisition
July 30, 2010
GeoDigm Corp. , a portfolio company of Welsh, Carson, Anderson & Stowe , has completed its $100 million take-private acquisition of National Dentex Corp . (Nasdaq: NADX), an owner and operator of dental laboratories in North America. PRESS RELEASE National Dentex Corporation (NASDAQ: NADX), one of the largest owner/operators of dental laboratories in North America, announced that earlier today its shareholders adopted and approved the Agreement and Plan of Merger (the “Merger Agreement”) among GDC Holdings, Inc., a Delaware corporation (“Parent”), Royal Acquisition Corp., a Delaware corporation (“Merger Sub”) and an indirect wholly owned subsidiary of Parent and a direct wholly owned subsidiary of GeoDigm Corporation, a Minnesota corporation (“GeoDigm”), and National Dentex. Pursuant to the terms of the Merger Agreement, Merger Sub was merged with and into National Dentex, and as a result National Dentex continues as the surviving corporation and a wholly owned subsidiary of GeoDigm, a technology based manufacturing and laboratory company and a portfolio company of Welsh, Carson, Anderson & Stowe (“Welsh Carson”). Under the terms of the Merger Agreement, National Dentex’s shareholders will receive $17.00 in cash for each share of National Dentex common stock they hold, representing a premium of approximately 70% over National Dentex’s closing share price of $10.02 on April 1, 2010, the last trading day before the Merger announcement.
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GeoDigm Completes National Dentex Acquisition
NGP Sells CRC-Evans for $445 Million
July 30, 2010
Natural Gas Partners has sold CRC-Evans International to Stanley Black & Decker (NYSE: SWK) for $445 million in cash. Houston-based CRC-Evans provides tools, equipment and services for the construction of oil and natural gas transmission. PRESS RELEASE Stanley Black & Decker (NYSE: SWK) announced today it has acquired CRC-Evans International (“CRC-Evans”), a leading global supplier of specialized tools, equipment and services for the construction of oil and natural gas transmission pipelines, for $445 million in cash from a group of investors led by private equity firm, Natural Gas Partners. CRC-Evans represents a significant step in the expansion of the Company’s Infrastructure Solutions strategic growth platform. With fiscal 2010 (3/31) revenues of approximately $250 million, CRC-Evans immediately establishes a scalable, global growth vehicle for Stanley Black & Decker to capitalize on favorable end-market trends in the oil and gas infrastructure area. The acquisition continues the Company’s long-stated goal of diversifying its revenue base by developing its five strategic growth platforms by leveraging its proven ability to drive operational efficiencies, innovation and profitable growth.
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NGP Sells CRC-Evans for $445 Million
Wright Express Buying Retail Decisions’ Australian Assets
July 30, 2010
Wright Express Corp. (NYSE: WXS) has agreed to acquire the Australian assets of Retail Decisions for A$353 million (US$318m), from Palamon Capital Partners, AlpInvest Partners and Morgan Stanley Alternative Investment Partners. The deal includes fleet and prepaid card businesses. PRESS RELEASE Wright Express Corporation (NYSE: WXS), a leading provider of payment processing and information management services to the U.S. commercial and government fleet industry, today announced that it has entered into a definitive share purchase agreement to acquire the Australian assets of Retail Decisions consisting of its fleet and prepaid card businesses from Palamon Capital Partners, a private equity firm, and its co-investors Morgan Stanley Alternative Investment Partners and AlpInvest Partners for approximately AU$353 million in cash (approximately US$318 million).
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Wright Express Buying Retail Decisions’ Australian Assets
GTCR Pharma Platform Adds On
July 30, 2010
Actient Pharmaceuticals Inc. , a Denver-based specialty pharma acquisition platform sponsored by GTCR, has acquired six on-marketl products from a subsidiary of Belgium’s UCB SA . No financial terms were disclosed. PRESS RELEASE GTCR, one of the country’s leading private equity firms, announced today that Actient Pharmaceuticals, LLC has successfully completed a transaction to license and acquire six pharmaceutical products from UCB, Inc., a subsidiary of UCB SA, an international biopharmaceutical company based in Brussels, Belgium. The acquisition of the six on-market products is the first transaction for Actient Pharmaceuticals. The transaction provides Actient with an opportunity to set up a commercial pharmaceutical platform and a strategic asset in the urology space that can be leveraged through additional acquisitions.
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GTCR Pharma Platform Adds On