Moody's Investors Service has downgraded Securus Technologies Inc.’s corporate family rating, its probability of default ratings and the rating for its second priority senior secured notes. Securus is an H.I.G. Capital portfolio company that provides inmate telecommunication services to correctional facilities in the U.S. and Canada.
3 min read · 07 January 2009
1 min read · 07 January 2009
3 min read · 07 January 2009
3 min read · 07 January 2009
2 min read · 07 January 2009
Bright Horizons Family Solutions, a Bain Capital portfolio company, has acquired Work Options Group Inc., a Boulder, Colo.-based provider of back-up care solutions for both children and elders. No financial terms were disclosed.
3 min read · 07 January 2009
Hub International Ltd., a Chicago-based insurance brokerage, has acquired the assets of Gemini Group Inc., a Denver-based employee benefits broker and consultant. No financial terms were disclosed. Hub was taken private in 2007 for $1.8 billion by Apax Partners and Morgan Stanley Principal Investments.
2 min read · 07 January 2009
United Road Services Inc., a Romulus, Mich.-based provider of vehicle transportation and logistic services, has acquired Autolog Auto Transport, a Linden, N.J.-based vehicle logistics provider. No financial terms were disclosed. United Road is owned by The Gores Group.
3 min read · 07 January 2009
1 min read · 07 January 2009
Standard & Poor's Ratings Services has lowered the corporate credit ratings of Aleris International Inc. from B to CCC+, and left its ratings on CreditWatch with “negative implications.” The Beachwood, Ohio-based aluminum products company was acquired by TPG Capital in 2006 for approximately $3.3 billion. www.aleris.com
1 min read · 07 January 2009
