Monroe Capital has provided $27.5 million in financing to support the acquisition of Fabco Automotive by Wynnchurch Capital. Fabco makes specialty gearbox, axle and transfer case products for all-wheel drive, medium and heavy duty vehicles.
2 min read · 05 October 2011
Attleboro, Mass.-based Precision Engineered Products is acquiring Boston Endo-Surgical Technologies, a maker of spinal and orthopedic surgical instruments. Terms of the deal were not released. Precision Engineered Products is a portfolio company of the Jordan Company and Nautic Partners.
2 min read · 05 October 2011
Diagnos Inc. has added Richard Baxter, a co-founder of New Health Capital Partners, to its board. Diagnos is a maker of artificial intelligence and advanced knowledge-extraction technology. Baxter was previously co-head of Drawbridge Special Opportunities Health Care Group at Fortress Investment Group.
2 min read · 05 October 2011
Parthenon Capital Partners, Lovell Minnick Partners and Fisher Lynch have completed the acquisition of H.D. Vest Financial Services from Wells Fargo. Terms of the deal were not released. Irving, Texas-based H.D. Vest is a broker/dealer providing investment and financial advisory services to retail investors through tax professionals.
3 min read · 05 October 2011
Goldman Sachs and Allen & Co. are readying Yahoo’s books and preparing to provide potential buyers with financial information about the company, Reuters reported Tuesday. Potential buyers include buyout shop Silver Lake Partners and Chinese e-commerce giant Alibaba.
2 min read · 05 October 2011
Just-Eat, an online takeaway service backed by more than $60 million from investors including Greylock Partners, Redpoint Ventures and Index Ventures, has completed its acquisition of Urbanbite. Terms of the sale were not released. Urbanbite is an online food delivery company based in London.
3 min read · 05 October 2011
The Carlyle Group bought a 9% stake in financial services company India Infoline on the secondary market. Terms of the sale were not released. But, at Wednesday’s market price, such a stake would be valued at roughly $38 million, Reuters reported.
1 min read · 05 October 2011
Advent International and Bain Capital are in the running to buy Point International, a payments company owned by Nordic Capital, Reuters reported Tuesday. The two private equity firms have teamed up on a bid. The company is expected to fetch roughly 700 million euros ($930 million), and final bids are expected this month.
2 min read · 05 October 2011
Red Hat Inc. is buying scale-out, open source storage company Gluster, paying $136 million in cash. Six-year-old Gluster raised capital from Nexus Venture Partner and Index Ventures. The deal is expected to close sometime in October.
6 min read · 04 October 2011
The Comvest Group has provided $20 million in debt financing to lender Merchant Cash and Capital. The funding will allow Merchant to expand its business, creating new programs. Merchant is based in New York.
2 min read · 04 October 2011
