VCJ Staff
Halder, a mid-market affiliate of GIMV, has agreed to sponsor a management buyout of BMC Group, a Dutch provider of professional services for the public sector (government and non-profit organizations). Halder will hold a 30% stake, with management holding the remainder. No financial terms were disclosed for the deal, which is expected to close by […]
Formation Capital and JER Partners have agreed to acquire Genesis HealthCare Corp. (Nasdaq: GHCI) for $63 per share. The total deal is valued at $1.7 billion, including the assumption of around $450 million in debt. GHC is a Kennett Square, Pa.-based long-term care provider with over 200 skilled nursing centers and assisted living residences in […]
Cerberus Capital Management reportedly has dropped out of a group considering a rival offer for commercial real estate giant Equity Office. The consortium still includes Vornado Realty Trust, Starwood Capital and Walton Street Capital, but it is unclear if it will still be able to make an offer. The Blackstone Group agreed last year to […]
Akzo Nobel NV has received three bids for its pharmaceutical unit Organon BioSciences, according to Dow Jones. Each is in the range of Euro 8 billion to Euro 10 billion. One consortium includes Blackstone Group, Bain Capital, Alpinvest Partners NV, Apax Partners and Texas Pacific Group. The second includes KKR and Warburg Pincus, while members […]
Residential Credit Solutions Inc. has been formed as a Fort Worth, Texas-based residential mortgage investment and servicing company focused on credit-sensitive and servicing-intensive mortgage assets. It is backed by a $125 million capital commitment led by Equifin Capital Partners. Och-Ziff Capital Management also participated. www.equifincapital.com
ECI Partners has sponsored a Gbp56 million management buy-in of Aerial Facilities Ltd., a UK-based provider of products and solutions which extend the coverage of wireless networks. The new management team is led by CEO Ian Brown, who previously served as CEO of Redstone PLC. www.ecipartners.com www.aerialfacilities.com
Wellspring Capital Management has sponsored an equity recapitalization of Wellspring Laboratories Inc., a Saddle Brook, N.J.
Centre Partners Management LLC and affiliate Centre Southwest Partners LLC have formed Nexus Gas Partners LLC, a Dallas-based midstream service provider of natural gas gathering, transportation, processing and related pipeline services to natural gas producers in East Texas and Northwest Louisiana. No financial terms were disclosed. In related news, Nexus announced that it has acquired […]
The Carlyle Group has raised its bid for Dallas-based roofing and building products company ElkCorp (NYSE: ELK) from $38 per share to $40.50 per share. The move comes after ElkCorp received a $40 per share offer from Building Materials Holding Corp. (NYSE: BLG). The total deal is now valued at around $1.05 billion, including the […]
Chrysalis Capital Partners has offered to acquire Malden Mills Industries Inc., a Lawrence, Mass.-based maker of Polartec fleece apparel. The move comes just days after Malden Malls agreed to be acquired by Gordon Brothers Group, and filed for Chapter 11 bankruptcy protection to facilitate the sale. Both offers are worth around $44 million.