Brown Brothers Harriman & Co. is appointed Douglas L. Maine as a Senior Advisor to the firm. Maine will work with BBH’s Investment Management division with specific emphasis on private equity investing and will also assist BBH’s M&A advisory business. Maine was formerly CFO of MCI Communication and IBM Corp.
3 min read · 02 December 2009
GTCR portfolio company Six3 Systems, Inc. has agreed to to acquire BIT Systems, Inc., a signal processing systems data company. Six3 Systems, based in McLean, Virg., was formed by GTCR in April of this year to acquire government services providers which focus on national security.
3 min read · 02 December 2009
John C. Cushman, III, Chairman of the Board of commercial real estate firm Cushman & Wakefield, has been named Chairman of Rock Creek Capital. Rock Creek Capital is an alternative asset management firm which invests in unique, resource-rich land.
3 min read · 02 December 2009
Monroe Credit Advisors has established an office in Boston and is adding two directors to its Chicago-based staff. The Boston office is headed by Linda Crothers and Katherine Brand. Brand was senior vice president in the Specialized Finance Group covering transportation accounts. Crothers was president of a bank subsidiary, Bank of America Public Capital Corp. The firm also hired Brent Krambeck and Michael Meyer to its Chicago office. Krambeck was vice president of GE Capital’s $3.6 billion Unitranche Fund. Meyer worked at a hedge fund performing equity buy-side analysis, and before that was a vice president with Merrill Lynch Capital.
2 min read · 02 December 2009
Networks in Motion, a Aliso Viejo, Calif.-based provider of wireless navigation products for cell phones, has agreed to sell itself to TeleCommunication Systems Inc for $170 million. Mission Ventures, Redpoint Ventures and Sutter Hill Ventures have previously invested in the company.
5 min read · 02 December 2009
American Capital has reached an agreement with 95% of its lenders on its plan to restructure $2.4 billion of its unsecured debt through an out-of-court debt exchange.
4 min read · 02 December 2009
1 min read · 02 December 2009
3 min read · 02 December 2009
RoundTable Healthcare Partners, a healthcare-focused buyout firm based in based in Lakeforest, Ill., has agreed to sell portfolio company Ascent Healthcare, a medical device company, to Stryker Corporation for $525 million in cash. Prior to closing, Ascent will distribute $35 million of cash from its balance sheet to its shareholders, taking the total proceeds from the sale to approximately $560 million.
3 min read · 02 December 2009
BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, announced it has hired of a team of four healthcare investment bankers in New York and Boston. They include: Michael Neuberger, Managing Director, formerly of Jefferies & Co., who will lead the Healthcare Group; Annette Grimaldi, Managing Director, who will lead the life sciences practice, Vice President Kristen Morse and Analyst Lee Incandela.
3 min read · 02 December 2009
