Duke Street has agreed to acquire a 69% stake in Payzone Group, a UK-listed payment acceptance company. The deal values Payzone at €104 million. Duke Street will invest 45 million in equity, while Payzone's seven lenders will become shareholders -- as part of a restructuring that will cut the company's senior secured debt from approximately €300 million to €77 million.
3 min read · 08 February 2010
TBA Global, a portfolio company of J.H. Whitney & Co., has sold its U.S.-based Destination Management Services operations to Switzerland's Kuoni Travel Holding Ltd. No financial terms were disclosed. Edgeview represented TBA on the sale.
3 min read · 08 February 2010
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1 min read · 08 February 2010
1 min read · 08 February 2010
1 min read · 08 February 2010
ANXeBusiness Corp., a Southfield, Mich.-based provider of networking and security managed services, has acquired S2S Communications, a provider of enterprise broadband and managed network infrastructure services. No financial terms were disclosed. ANXeBusiness is a portfolio company of One Equity Partners.
3 min read · 08 February 2010
Renny DiPentima, former president and CEO of SRA International (NYSE: SRX) has joined Providence Equity Partners as a senior advisor. He will focus on the government information services sector, and serve on the board of Providence portfolio company Altegrity Inc.
3 min read · 08 February 2010
SFW Capital Partners has acquired Agdata, a provider of data and analytics to agricultural and animal health manufacturers, from Carousel Capital and its founder Verl Purdy. Purdy and Carousel owned equal stakes in the company. No pricing terms were disclosed for the deal, byt SFW Capital purchased a majority ownership with management and Purdy retaining significant minority stakes. Carousel retains a lesser minority stake. Golub Capital provided leveraged financing.
2 min read · 08 February 2010
1 min read · 08 February 2010
