SmileCare, which is backed by private equity investor Liberty Partners, has been acquired by Coast Dental Services Inc. Terms were not released. Harris Williams & Co. acted as the exclusive advisor to SmileCare. Santa Ana, Calif.-based SmileCare operates 57 dental practices in California, Nevada and Texas.
3 min read · 02 August 2011
After reports of buyout interest in women’s clothing retailer Talbots Inc., the company has opted for a "poison pill" stockholder rights plan, Reuters reported. The plan allows Talbots to issue shares at a discount to all other shareholders if a single investor buy a stake higher than 10%. Such a plan makes it more difficult for a buyer to launch a hostile takeover. Reports Monday stated that private equity shop Sycamore Partners was interested in buying Talbots.
2 min read · 02 August 2011
AlixPartners has acquired Boston-based consulting firm Mercatus. Terms of the deal were not released. Mercatus advises financial institutions including retail banks, wealth management firms and payments providers on business growth decisions, and advises private equity firms on retail financial services investments, the company said in a written release.
4 min read · 02 August 2011
Nelson Global Products, which is backed by Chicago-based private equity firm Wind Point Partners, has acquired the assets of Morton Industries and its affiliate Bradley Services. Nelson is a designer and manufacturer of exhaust components and tubes used in emissions, coolant, heating, air intake and exhaust handling applications. Morton Industries is a provider of tube assemblies and machined components to the off-road market. Terms of the acquisition were not released.
3 min read · 02 August 2011
The Carlyle Group says it will pay $137 million in Haier Electronics Group Co., Reuters reported. Carlyle will invest through convertible bonds and has an option to invest another $57 million when warrants are exercised. Along with other investments in the company Carlyle will have a right to securities representing approximately 9 percent of Haier, Reuters wrote.
1 min read · 02 August 2011
Fresenius Medical Care is spending a combined $2.09 million to acquire private equity-backed Liberty Dialysis Holdings, and the smaller American Access Care Holdings, Reuters reported. Germany-based Fresenius will pay $1.7 billion for Liberty Dialysis, which is currently controlled by buyout firms KRG Capital Partners and Bain Capital. The deal includes about $1 billion in assumed debt. American Access Care Holdings, which operates 28 vascular access centers for preparing patients for dialysis, sold for $385 million, Reuters wrote.
2 min read · 02 August 2011
Kohlberg Kravis Roberts & Co. has added Dhiren Mehta as a director in India, Reuters reported. Mehta was previously head of fixed income institutional sales in India at Nomura. Earlier in his career, Mehta worked for 17 years at Citigroup.
1 min read · 02 August 2011
LTI Flexible Products, which is backed by lower middle-market investor Sentinel Capital Partners, has acquired Boyd Corp., a designer and manufacturer of sealing and energy management products. LTI is a designer and manufacturer of extruded, die-cut, and molded flexible rubber and plastic sealing systems and related components. Terms of the deal were not released.
2 min read · 01 August 2011
Publicly traded Autodesk Inc. has acquired Instructables.com, an online site where users post do-it-yourself instructions on how to created things ranging from furniture to food. Terms of the deal were not released.
3 min read · 01 August 2011
Buyout shop Sycamore Partners has taken a 9.9% stake in clothing retailer Talbots Inc., Reuters reported. Sycamore and its affiliates become the second biggest shareholders in Talbots, after OppenheimerFunds, which holds a 13.27% stake, according to Reuters. Shares of Talbots were up 10% Monday, trading at $3.80 a share.
1 min read · 01 August 2011
