Waud Capital Partners has agreed to sell Regency Hospital Co., operator of long-term acute care hospitals, to Select Medical Holdings Corp. (NYSE: SEM). The deal is valued at approximately $210 million, including assumed liabilities.
2 min read · 21 June 2010
Francisco Partners has amended the terms of its deal to acquire EF Johnson Technologies Inc. (Nasdaq: EFJI), an Irving, Texas-based provider of secure communications solutions to organizations that protect and save lives. The revised terms would pay out $1.50 per EF Johnson share, compared to an original purchase price of $1.05 per share. The total equity now would be valued at nearly $40 million.
3 min read · 21 June 2010
Northern Trust Global Investments has named John Krieg as managing director for the European and MENA regions. He previously was based in Chicago as Northern Trust's head of global investment product management.
2 min read · 21 June 2010
US Solar Ventures Holdings LLC, a portfolio company of ArcLight Capital Partners, has sold certain solar development projects to a subsidiary of NRG Energy. No financial terms were disclosed
2 min read · 21 June 2010
Ares Capital and Veronis Suhler Stevenson announced a partnership "to source and provide flexible senior debt financing to companies in select industries with $5 million to $35 million of EBITDA." Those industries are: Information, education, media and marketing services.
3 min read · 21 June 2010
Transpac Industrial Holdings has agreed to sell Foodstar, a maker of soy sauces and fermented bean curd in China, to H.J. Heinz Co. (NYSE: HNZ). The deal includes a $165 million up-front cash payment, and unspecified earn-outs.
5 min read · 21 June 2010
Yingru Li has been named co-chief investment officer for China Asean Fund, a $1 billion private equity fund targeting infrastructure, energy and natural resources opportunities in Southeast Asia. Li previously was a managing director in of private equity investments for China Investment Corp. (one of CAF's largest LPs) -- a role that now will be filled by Jingping Guo (mostly focused on fund commitments and co-investments).
2 min read · 21 June 2010
GE Energy Financial Services and Spain's Abengoa have agreed to invest $180 million to help develop what would be Mexico's largest cogeneration power plant.
4 min read · 21 June 2010
Castle Harlan has completed its acquisition of IDQ Holdings Inc., an automotive aftermarket company focused on do-it-yourself automotive air conditioner repair, from Arsenal Capital Partners. The deal was valued at approximately $170 million, representing around a 30% IRR and 8x multiple for Arsenal.
3 min read · 21 June 2010
1 min read · 21 June 2010
