Mercury Computer Systems Inc. (Nasdaq: MRCY) has sold its Visualization Sciences Group to France's IRDI-ICSO Private Equity. The deal includes a $12 million upfront payment, plus up to $2.5 million in possible earn-outs.
2 min read · 10 June 2009
Iron Capital, a venture-focused private equity services firm, has acquired EnviroTech Capital, a research, investment and consulting firm focused on the cleantech market. No financial terms were disclosed.
4 min read · 10 June 2009
Southcross Energy LLC, a Dallas-based natural gas transportation and processing company, has agreed to buy the Mississippi, Alabama and South Texas assets of Crosstex Energy LP (Nasdaq: XTEX). The deal is valued at $220 million. Southcross Energy is a portfolio company of Charlesbank Capital Partners.
3 min read · 10 June 2009
1 min read · 10 June 2009
David Wirdnam and Matt Traina have joined Piper Jaffray as managing directors. Wirdnam will provide debt advisory and origination services to the firm's debt capital markets and financial restructuring groups. He previously was a managing director with Citigroup's leveraged finance team. Trainawill lead coverage of West Coast financial sponsors, and previously was in the financial sponsors group at Bank of America.
3 min read · 10 June 2009
OpenGate Capital has agreed to acquire Fleurus Presse and Junior Hebdo, the youth publication divisions of French media company Groupe Le Monde. No financial terms were disclosed.
4 min read · 10 June 2009
Senior Care Centers of America, a portfolio company of Clearview Capital, has acquired Riverside Adult Day Center of Plains, Pennsylvania. No financial terms were disclosed.
2 min read · 10 June 2009
1 min read · 10 June 2009
NEW YORK (Reuters) - Suitors are lining up to buy assets of U.S. clothing retailer Eddie Bauer Holdings Inc (EBHI.O) ahead of an expected bankruptcy filing within the next few weeks, according to people familiar with the discussions. Hilco Consumer Capital is in talks with the outdoor apparel retailer about a possible deal once a bankruptcy filing occurs, and private equity firm CCMP Capital Advisors LLC is weighing an offer for the company, these people said. The people asked not to be named because the talks are not public. An Eddie Bauer representative did not immediately return a call seeking comment.
2 min read · 10 June 2009
1 min read · 10 June 2009
