2 min read · 05 November 2009
2 min read · 05 November 2009
TPG Capital and the Canada Pension Plan have agreed to buy IMS Health (NYSE: RX), a provider of data on prescription drug sales, for $22 per share (50% premium to last Friday's closing price). The total deal would be valued at around $5.2 billion, including the assumption of debt. Goldman Sachs is providing the leveraged finance.
4 min read · 05 November 2009
2 min read · 05 November 2009
Panolam Industries, a Shelton, Conn.-based decorative laminate company, has filed for Chapter 11 bankruptcy protection, as part of a previously announced debt restructuring agreement with lenders led by Apollo Capital Management and Eaton Vance Management. Genstar Capital and Sterling Group bought Panolam for $345 million in 2005.
3 min read · 05 November 2009
McJunkin Red Man Holding Corp., a Tulsa-based industrial pipe supplier owned by GS Capital Partners, has completed its acquisition of Transmark Fcx Group BV, a Houston, Texas-based distributor of specialty valves and flow control equipment. No financial terms were disclosed. McJunkin canceled a proposed $750 million IPO earlier this year. www.mcjunkinredman.com
1 min read · 05 November 2009
Quantum Energy Partners has formed Icon NGS LLC, a Houston-based acquisition platform focused on natural gas storage. The deal is being done in partnership with gas storage veterans Larry Bickle, Andy Lang and Mark Fullerton. No financial terms were disclosed.
3 min read · 05 November 2009
Siguler Guff has acquired a minority equity stake in MDM Bank, one of Russia's largest private banks, for an undisclosed amount. Brunel Capital served as broker. MDM was formed this past August via the merger of URSA Bank and MDM-Bank.
3 min read · 05 November 2009
WestView Capital Partners, a Boston-based private equity firm focused on growth equity opportunities the middle markets, has closed its second fund with $325 million in capital commitments. Probitas Partners served as placement agent.
2 min read · 05 November 2009
2 min read · 05 November 2009
