GlaxoSmithKline has completed its acquisition on Stiefel Laboratories Inc., a Coral Gables, Fla.-based skincare pharmaceutical company that had been partially owned by The Blackstone Group. The $3.6 billion acquisition included $2.9 billion in cash, up to $300 million in cash earn-out payments and the assumption of $400 million in net debt. Blackstone had acquired an 18% stake for $484 million in August 2007.
2 min read · 23 July 2009
Vista Equity Partners has completed its $160 million take-private acquisition of SumTotal Systems Inc., a Mountain View, Calif.-based provider of talent development software. SumTotal stockholders received $4.85 per share.
2 min read · 23 July 2009
Imperial Capital Group, a Toronto-based mid-market buyout firm, has closed its fourth fund with C$126 million in capital commitments. The fund's first deal was an acquisition ofSchulman Associates IRB Inc., a Cincinnati-based institutional review board for life sciences research protocols and consent documents.
2 min read · 23 July 2009
1 min read · 23 July 2009
1 min read · 22 July 2009
2 min read · 22 July 2009
2 min read · 22 July 2009
1 min read · 22 July 2009
2 min read · 22 July 2009
Keane Inc., a business process outsourcing company backed by CVCI, has acquired part of BearngPoint's commercial business in North America. The deal comes one week after Keane purchased part of BearingPoint's public sector business. No financial terms were disclosed.
2 min read · 22 July 2009
