2 min read · 28 April 2011
Private equity firm Nautic Partners has acquired Omnicare Clinical Research from Omnicare Inc. Based in King of Prussia, Penn., Omnicare Clinical Research provides early phase, phase II/III and late phase clinical trials for the pharmaceutical, biotechnology and medical device industries. Terms of the deal were not released. Nautic Partners is a middle-market private equity firm with over $2.5 billion under management.
3 min read · 28 April 2011
Private equity firm Nordic Capital has exited its 44% stake in Danish ambulance service group Falck to the Lundbeck Foundation, the owners of the Lego company and Falck management, Reuters reported. Previous plans for a Falck IPO have now been scrapped. Terms of the deal were not released. The Lundbeck Foundation, which controls Danish drugmaker Lundbeck, raised its stake in Falck to 58% from 36%. KIRKBI, a holding company of the Kristiansen family that owns the Danish toymaker Lego, becomes the second-biggest shareholder, with a 20 percent ownership, Reuters wrote.
2 min read · 28 April 2011
The Carlyle Group distributed a whopping $6.4 billion to investors during the first quarter, Reuters reported. Carlyle reportedly told investors about the distribution amount, the most distributed in a quarter, in a recent letter, Reuters wrote. It is more than the $7.5 billion that the firm distributed in all of 2010. News of the distribution was first reported by Bloomberg.
2 min read · 28 April 2011
Shane Ho Kim, a managing member of growth equity firm Camden Partners, has joined the board of publicly traded Planet Payment. The company provides international multi-currency payment and data processing services. At Camden Partners, Kim focuses on payments and transaction processing investments within the business services and healthcare sectors. Planet Payment is headquartered in New York.
4 min read · 28 April 2011
The Blackstone Group is considering a takeover of Australian property firm Valad Property Group, Reuters reported, citing a story in the Australian Financial Review. Valad, a real estate investment group managing roughly $8 billion across seven geographic regions, is heavily in debt, Reuters reported.
1 min read · 28 April 2011
Apollo Management submitted a more than $3 billion buyout bid for BJ's Wholesale Club Inc., Reuters reported, citing a report by the New York Post. Last month, Leonard Green & Partners was reportedly mulling a sale of the retailer. BJ’s decided to explore a sale earlier this year, and hired Morgan Stanley & Co. to advise in the process.
1 min read · 28 April 2011
Healthcare Brands International has sold its Antula Healthcare to specialty pharma company Meda AB for about $288 million. Healthcare Brands International was formed in 2006, and has raised capital from investors including Essex Woodlands, MVM Life Science Partners, Sofinnova Partners and Abingworth. The company bought Antual Healthcare in late 2007.
4 min read · 27 April 2011
UK-based buyout shop Synova Capital has acquired Actimax, a supplier of IT and telecoms infrastructure services, for an undisclosed amount. Terms of the deal were not released. Actimax focuses on the SME market, with services including the provision of VOIP, systems maintenance, data services, mobile and hosting services. Synova Capital focuses on lower middle-market deals.
2 min read · 27 April 2011
Lincoln Renewable Energy, a developer of U.S. solar and wind power projects, has closed on a $41 million power sales and project finance deal with Macquarie Energy. Macquarie Energy will enter into a long-term purchase agreement for power and renewable energy credits from LRE’s New Jersey Oak Solar project. Macquarie Energy will also provide construction finance and term debt to the project, the company said in a release.
4 min read · 27 April 2011
