1 min read · 23 February 2010
Religare Enterprises Ltd. has agreed to acquire a majority stake in Northgate Capital, a Danville, Calif.-based manager of direct and indirect venture capital and private equity funds. No financial terms were disclosed for the deal, which will not result in a change of Northgate Capital management. In related news, Religare said that its board has committed up to $1 billion for "strategic investments in diversified asset management businesses globally."
5 min read · 22 February 2010
2 min read · 22 February 2010
2 min read · 22 February 2010
1 min read · 22 February 2010
1 min read · 22 February 2010
AMICAS Inc. (Nasdaq: AMCS), a Boston-based provider of image and information management solutions, said that it has received a $6.05 per share buyout offer from Merge Healthcare Inc. (Nasdaq: MRGE). This tops an existing $5.35 per share bid from private equity firm Thoma Bravo, which would have valued AMICAS at approximately $217 million. Raymond James & Associates is serving as financial advisor to AMICAS.
7 min read · 22 February 2010
Lee Fensterstock has stepped down as CEO of Broadpoint Gleacher Securities Group Inc. (Nasdaq: BPSG), to "pursue other interests." He also has left the company's board of directors. Chairman Eric Gleacher has been named as successor.
3 min read · 22 February 2010
1 min read · 22 February 2010
2 min read · 22 February 2010
