Talon Merchant Capital has agreed to acquire a minority equity stake in Canadian retailer Liquidation World Inc. (TSX: LQW). As part of the deal, Liquidation World will acquire Talon’s U.S. Wholesale Business.
5 min read · 29 January 2009
Saw Mill Capital has formed a strategic alliance with The Spectrum Capital Group, to identity control investment opportunities in underperforming manufacturing and services businesses. www.sawmillcapital.com
1 min read · 29 January 2009
Randy Dobbs has joined Welsh Carson Anderson & Stowe as a senior operating executive. He is the former CEO of US Investigations Services. www.welshcarson.com
1 min read · 29 January 2009
The HealthCentral Network, an Arlington, Va.-based provider of online health and wellness information, has acquired Wellsphere, a San Mateo, Calif.-based provider of a free consumer health website and online health platform for large organizations. No financial terms were disclosed. HealthCentral has raised over $80 million in VC funding from firms like IAC, Sequoia Capital, Carlyle Venture Partners and Polaris Venture Partners.
4 min read · 29 January 2009
The Blackstone Group and Hicks Acquisition Co. have amended an agreement whereby Graham Packaging Holdings Co. would go public through a transaction with Hicks, existing Graham owner Blackstone Group and Graham management. The transaction is valued at approximately $3.2 billion, and is believed to be the largest ever between a SPAC and an industrial company. Under terms of the amendment, both Hicks and Blackstone now have the right to terminate the agreement by giving written notice to the other, and each party is released from the agreement’s exclusivity provisions and will be permitted to consider other possible transactions.
5 min read · 29 January 2009
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1 min read · 29 January 2009
