VCJ Staff
Texas Pacific Group has completed its $450 million acquisition of the Transfusion Therapies business of Baxter International Inc. (NYSE: BAX). Maverick Capital also participated alongside TPG. The Transfusion Therapies business includes a global product portfolio of manual and automated blood-collection products and storage equipment, as well as five manufacturing facilities located in Haina, Dominican Republic; […]
Audax Group is in negotiations to acquire Total Automated Solutions Inc. from Industrial Growth Partners, according to LBO Wire. TAS is a Cleves, Ohio-based provider of industrial testing, measurement and assembly equipment.
UnumProvident Corp. (NYSE: UNM) has completed its sale of subsidiary GENEX Services Inc. to a fund managed by Stone Point Capital. No financial terms were disclosed. GENEX is a Wayne, Pa.-based provider of workers' compensation and medical cost containment services. It was acquired by UnumProvident in 1997. www.unum.com www.genexservices.com
Graham Partners has acquired Atlas Aerospace and Vitron Manufacturing, and merged them into a single company called Aerostructures Acquisition LLC. Headquartered in Wichita, Kan., and Phoenix, Ariz, respectively, Atlas and Vitron are manufacturers of high-precision machine parts, assemblies and spares to original equipment manufacturers. The acquisitions were partially financed via $22.5 million in subordinated note […]
Key Principal Partners has acquired majority ownership of MC Assembly, a Melbourne, Fla.-based provider of electronic manufacturing services. No financial terms were disclosed. As part of the transaction, MC assembly founder Charles Rossi will retire as CEO, with COO George Moore taking over. www.keyprincipalpartners.com
Hampshire Equity Partners has sold Acton Mobile Industries, a Baltimore, Md.-based provider of modular space rental services, to Code Hennessy & Simmons. A regulatory filing indicates an equity price of $45 million. Hampshire had acquired its majority stake in Acton in 2003. www.hampep.com
HandsOn Ventures has acquired Lason Inc. from Charterhouse Group for approximately $120 million. Lason is a Troy, Mich.-based provider of document-related outsourcing services within the business process outsourcing market. www.lason.com
TowerBrook Capital Partners has acquired Beverages & More Inc. (BevMo), a Californian retailer of wine, spirits, beer and related items. No financial terms were disclosed. Jefferies & Co. led the leveraged financing. www.towerbrook.com www.bevmo.com
Bridgepoint has acquired a majority stake in Dragenopharm Apotheker P
Caxton-Iseman Capital has completed its acquisition of Valley National Gases Inc. (AMEX: VLG) for $27 per share. The total deal was valued at approximately $304 million, including around $63 million in assumed debt. Valley National is an independent U.S. distributor of industrial, medical and specialty gases delivered in “packaged” or cylinder form, related welding equipment […]