Water Street Healthcare Partners has agreed to sell gastrodiagnostic device company Sierra Scientific Instruments to Given Imaging Ltd. (Nasdaq: GIVN). The deal is valued at $35 million in cash, and is expected to close early next month.
4 min read · 22 March 2010
Christopher Lawless has joined Hunter Wise Financial Group as a managing director in the firm's new Oregon office. He is a former director of strategic investments for Intel Capital.
2 min read · 22 March 2010
EQT Partners has acquired a 40% stake in Japan Home Center, a Hong Kong-based discount houseware retailer. No financial terms were disclosed. The company's founders will retain the other 60% stake.
3 min read · 22 March 2010
2 min read · 22 March 2010
Centerbridge Partners, MAK Capital and Sankaty Advisors have completed their acquisition of bankrupt homebuilder Champion Enterprises Holdings LLC. The deal includes $50 million in new equity, with Champion's debt load being lowered to $40 million.
3 min read · 21 March 2010
2 min read · 21 March 2010
NEW YORK (Reuters) - Storied Hollywood studio Metro-Goldwyn-Mayer may opt for a stand-alone plan if bids disappoint, and creditors are expected to meet early next week as the company sifts through expected offers, sources said. The studio, struggling with $3.7 billion of debt, said in November it was exploring a potential sale of the company. It said at the time its other options included operating as a stand-alone entity or forming strategic partnerships. Second-round bids were due on Friday but it was not immediately clear how many firms submitted offers.
2 min read · 20 March 2010
2 min read · 19 March 2010
1 min read · 19 March 2010
1 min read · 19 March 2010
