I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
1 min read · 17 February 2016
Stryker Corp said Tuesday it agreed to buy Physio-Control International Inc for $1.28 billion in cash. Bain Capital Private Equity is the seller. Physio-Control develops, makes and markets monitors/defibrillators, automated external defibrillators (AEDs) and CPR-assist devices along with data management and support services. Skadden, Arps, Slate, Meagher & Flom LLP were the attorneys for Stryker. Citi and Jefferies LLC acted as financial advisors, and Kirkland & Ellis LLP served as legal counsel, to Bain Capital.
5 min read · 16 February 2016
2 min read · 16 February 2016
Grand Transformers, a portfolio company of Blackford Capital, has acquired Warner Power. Financial terms weren’t announced. Warner, New Hampshire-based Warner Power designs and makes electrical transformers and power systems. Comerica Bank provided financing.
3 min read · 16 February 2016
EnTouch Controls said Monday that it raised $8 million in Series C financing led by Egis Capital Partners. Also participating were new investors Traverse Venture Partners, Aster Capital and Calvert Investments along with existing investors SJF Ventures and Trailblazer Capital. Richardson, Texas-based EnTouch provides facility asset and energy management intelligence.
6 min read · 16 February 2016
Pamplona Capital Management said Monday it has sold MedAssets’ Spend and Clinical Resource Management segment to Vizient Inc. Financial terms weren’t announced. Pamplona acquired MedAssets for $2.7 billion in January.
4 min read · 16 February 2016
LiveAction Inc said Tuesday that it raised a $36 million round of financing led by Insight Venture Partners. Accelerate-IT Ventures and Cisco Investments also participated. Palo Alto, California-based LiveAction provides an enterprise IT network visibility software platform.
4 min read · 16 February 2016
In Second Opinion, police are investigating claims that ex-New York Governor Eliot Spitzer has assaulted a woman, the world might never know exactly what killed U.S. Supreme Court justice Antonin Scalia and how Peyton Manning allegedly ruined one female doctor's life and career.
1 min read · 16 February 2016
Insight Venture Partners has agreed to buy Diligent Corp. for $4.90 a share or about $624 million. Wellington, New Zealand-based Diligent provides secure corporate governance and collaboration solutions for boards and senior executives. Jefferies LLC is serving as financial advisor while Lowenstein Sandler LLP is the attorney for Diligent. Minter Ellison Rudd Watts is serving as New Zealand counsel to Diligent. Willkie Farr & Gallagher LLP is serving as legal advisor to Insight.
7 min read · 16 February 2016
CTI Foods, which is majority owned by Thomas H. Lee Partners and Goldman Sachs & Co., has acquired Liguria Foods. Financial terms weren’t announced. Humboldt, Iowa-based Liguria produces pepperoni, salami, and protein pizza toppings for both pizzerias and sandwich shops.
2 min read · 16 February 2016
