VCJ Staff
Veritas Capital Partners has completed its acquisition of Pearson Government Solutions (PGS) from Pearson PLC for $600 million. Pearson retained a minority interest in PGS (to be renamed Vangent), an Arlington, Va.-based provider of information and benefits solutions to national and local governments, education institutions and corporations. PGS will be renamed early next year. www.veritascapital.com […]
Aurora Capital Group has agreed to lead a buyout of Mitchell International Inc. from Hellman & Friedman. No financial terms were disclosed, although LBOWire puts the sale price at approximately $500 million. GE Pension Trust also participated alongside Aurora. Mitchell is a San Diego
Fortress Investment Group has completed its $16.35 per share buyout of RailAmerica Inc. (NYSE: RRA), a Boca Raton, Fla.-based short line and regional rail service provider with 42 railroads operating approximately 7,800 miles in the U.S. and Canada. As part of the deal close, RailAmerica will de-list from the NYSE. www.railamerica.com
Palm Beach Capital has sold its equity interest in Capri Engineering and its related subsidiaries to Stone Point Capital. No financial terms were disclosed. Capri Engineering is a Sunrise, Fla.-based engineering firm with 16 locations in Florida, south Carolina and Necada. Palm Beach Capital originally invested in April 2005. www.capriengineering.com
Golden Gate Capital and JP Capital Partners have acquired Cydcor Inc., a Westlake Village, Calif.-based provider of outsourced face-to-face sales. No financial terms were disclosed. www.cydcor.com
CIVC Partners has acquired Guardian Warranty Corp., an Avoca, Pa.-based marketer, administrator and insurer of extended vehicle service contracts. No financial terms were disclosed for the deal, which was done in partnership with company management. www.civc.com www.guardian-warranty.com
DaimlerChrysler AG said yesterday that it might be open to selling Chrysler Group, as part of an announcement that it would lay off 13,000 workers from the troubled U.S. automaker.
Wachovia Capital Partners has acquired a majority stake in Integrated Broadband Services LLC, a Kennesaw, Ga.-based provider of operational support software and back office services for cable and broadband operators. No financial terms were disclosed. www.ibbsonline.com
Reed Elsevier has retained UBS to help sell its Harcourt Education division by the second half of this year. It is not yet in talks with any specific buyers.
Investcorp has acquired Armacell International GmbH, a Munster, Germany-based provider of flexible technical insulation that was spun off from Armstrong World Industries in 2000. No financial terms were disclosed. www.investcorp.com