Buyout shop Permira is looking to raise $506 million by selling off a stake in Macau's Galaxy Entertainment Group Ltd., Reuters reported, citing news in the IFR. Morgan Stanley is the sole bookrunner for the sale.
1 min read · 01 September 2011
ValueClick has completed its acquisition of Dotomi, the Chicago-based display media company, in a $295 million deal. Jefferies & Company acted as exclusive financial advisor to Dotomi. Dotomi was founded in 2003.
4 min read · 01 September 2011
IBM is paying $387 million in cash to buy Toronto-based risk analytics software firm Algorithmics, Reuters reported. Roughly 900 Algorithmics employees will join IBM’s software group once the deal closes. Algorithmics is a member of Fitch Group, majority-owned by Paris-based Fimalac.
1 min read · 01 September 2011
Investment firm OrbiMed held a final close of its new fund, Royalty Opportunities S.àr.l., which will focus on acquiring healthcare royalty streams and providing structured debt capital to healthcare companies. The fund, based in Luxembourg, closed with $600 million in commitments.
2 min read · 31 August 2011
Baltimore-based Remedi SeniorCare, an institutional pharmacy company, has sealed $60 million of a planned $300 million investment from New York-based Centerbridge Partners. Founding investor Sterling Partners will continue to participated in Remedi's growth, the company said in a release. It is unclear what ownership stakes Centerbridge and Sterling now hold. Specific terms of the investment were not released.
4 min read · 31 August 2011
Steven Elms, a managing partner at private equity firm Aisling Capital, has joined the board of publicly traded pharmaceutical company Pernix Therapeutics Holdings Inc. Previously, Elms was a senior member of the Life Sciences Investment Banking Group of Hambrecht & Quist. Penix Therapeutics is focused on the sales, marketing and development of branded and generic drugs primarily for the pediatric market.
3 min read · 31 August 2011
Bregal Capital is in exclusive talks to acquire Irish financial services company IFG Group in a deal that could be valued at 231 million euro ($333.4 million), Reuters reported. IFG Group has agreed to work exclusively with Bregal for up to six weeks.
1 min read · 31 August 2011
Los Angeles-based buyout shop Revolution Capital Group has taken a majority stake in the Capital Exchange, or CapXG, an interactive, web-based, networking site serving the financial community, the firm said Wednesday. Terms of the acquisition were not released.
2 min read · 31 August 2011
Private equity firm Affinity Equity Partners is in exclusive talks to buy Australian meat producer Primo Smallgoods, Reuters reported. The deal could value the company at as much as $1 billion. Affinity submitted a final bid for the firm in July, backed by financing of about A$580 million from 11 banks. Blackstone Group had previously expressed interest in a stake but did not enter a final bid, Reuters wrote.
2 min read · 31 August 2011
H.I.G. Europe, the European arm of buyout shop H.I.G. Capital, and its debt affiliate Bayside Capital have acquired UK-based Bezier, a provider of sales marketing services. Specific terms of the deal were not released. Miami-based H.I.G. Capital has more than $8.5 billion of equity capital under management.
3 min read · 31 August 2011
