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Emulex deal uncertain as buyout talks continueEmulex Corp has held talks with a few private equity firms, including Francisco Partners LP, Thoma Bravo LLC and Thomas H. Lee Partners LP about selling itself, but a deal remains uncertain for the struggling chip maker, according to several people familiar with the matter, Reuters reported.
- Emulex deal uncertain as buyout talks continue, say sources-Reuters
Emulex Corp has held talks with a few private equity firms, including Francisco Partners LP, Thoma Bravo LLC and Thomas H. Lee Partners LP about selling itself, but a deal remains uncertain for the struggling chip maker, sources told Reuters.
Tech, health care buyouts surged in Q3U.S.-based sponsors closed an estimated 362 mergers and acquisitions in the three months ending Sept. 30, up from 274 in the second quarter and down slightly from the total of 366 in the year-ago quarter. Dollar volume dropped to $23.6 billion in the three months ended Sept. 30, from $41.1 billion in the second quarter. In the third quarter of 2012, dollar volume totaled about $28.0 billion.
- Thoma Bravo announces two promotions
Thoma Bravo said Thursday that it has promoted Seth Boro and Holden Spaht to managing partners. Prior to joining the firm, Boro worked at Summit Partners while Spaht worked at Morgan Stanley.
- Thoma Bravo buys Empirix
Thoma Bravo said Wednesday that it has inked an agreement to acquire Empirix. No financial terms were disclosed. The transaction is expected to close by early November. BMO Capital Markets advised Empirix on this deal. Headquartered in Billerica, Mass., Empirix is a provider of end-to-end network testing, monitoring and analytics solutions.
Returns From 2008 Vintage Give Industry Shot In ArmWith their mid-2000s vintages sponsors showed they could survive a financial crisis and Great Recession. With their 2008 vintage they showed they could take advantage of the recovery that followed.
- Thoma Bravo-backed SRS appoints new CFO
SRS, which is backed by Thoma Bravo, has hired Peter Bennfors as its chief financial officer. Prior to joining SRS, Bennfors worked at Asset Control where he served as CFO. SRS is a provider of EHR technology and services for physicians.
- Private equity firms bid for Munder - Reuters
Private equity firms Thoma Bravo, Blackstone Group in partnership with Advent International and Corsair in partnership with Flexpoint Ford LLC have submitted bids for Munder Capital Management in a deal that could be valued at up to $400 million, writes Reuters. New York-based private equity firm Crestview Partners is looking to sell Birmingham, Michigan-based Munder after owning it since 2006.
- Private equity firms including Blackstone bid for Munder
Private equity firms Thoma Bravo, Blackstone Group in partnership with Advent International and Corsair in partnership with Flexpoint Ford LLC have submitted bids for Munder Capital Management in a deal that could be valued at up to $400 million, a number of sources told Reuters.
- TSG promotes two
The promotion of former principals Blythe Jack and Robyn Rutledge comes following a year in which TSG completed eight new investments, bringing its $1.3bn fund to roughly 20% invested.