The Nielsen Company, a New York-based media analytics, communications and publishing company, has acquired The Cambridge Group, a Chicago-based growth strategy consulting firm to Fortune 500 clients. No financial terms were disclosed. Nielsen shareholders include The Blackstone Group and KKR.
2 min read · 20 March 2009
3 min read · 20 March 2009
JLL Partners has completed its tender offer for all outstanding common shares of PharmaNet Development Group Inc. (Nasdaq: PDGI), a provider of clinical development services. The deal was valued at approximately $98 million.
4 min read · 20 March 2009
Shackleton Advisors has acquired the CyberGlove business of Immersion Corp. (Nasdaq: IMMR). No financial terms were disclosed. CyberGlobe makes products used to capture hand and finger motion and manipulate objects in virtual reality.
4 min read · 20 March 2009
H. Lundbeck AS has completed its acquisition of Ovation Pharmaceuticals Inc. for up to $900 million in cash. The deal included a $600 million up-front payment, with the remaining $300 million contingent on Ovation reaching certain regulatory milestones within one year of closing. Ovation Pharmaceuticals is a Deerfield, Ill.-based company formed in 2000, to develop specialty compounds for the US market and for niche indications with high unmet medical needs. GTCR-Golder Rauner acquired a majority stake in Ovation in 2002 for approximately $150 million.
3 min read · 20 March 2009
EQT Infrastructure and FortiStar have agreed to acquire MCV, a Midland, Mich.-based gas-fired cogeneration plant, from GSO Capital Partners, Rockland Capital Energy and The Dow Chemical Company. No pricing terms for the leveraged acquisition were disclosed.
4 min read · 20 March 2009
Citi announced two senior management changes: Gary Crittenden, formerly CFO, will become chairman of Citi Holdings; Ned Kelly, former head of global banking, will become CFO.
3 min read · 20 March 2009
3 min read · 20 March 2009
1 min read · 20 March 2009
1 min read · 20 March 2009
