VCJ Staff
LS Power Equity Partners has agreed to acquire six U.S. natural gas fired plants from Mirant Corp. (NYSE: MIR) for approximately $1.41 billion. www.lspower.com www.mirant.com
United Utilities PLC has agreed to sell its BPO subsidiary Vertex Data Science Ltd. to Oak Hill Capital Partners, GenNx360 Capital Partners and Knox Lawrence International. The total transaction is valued at Gbp217.5 million. The deal is expected to close by the end of March. www.vertex.co.uk
Bear Stearns Merchant Banking reportedly has agreed to acquire the Latin American consumer finance subsidiaries of Wells Fargo & Co. for an undisclosed amount. www.bsmb.com
McCarthy Capital of Omaha has sponsored a buyout of Vornado Air LLC, an Andover, Kansas-based manufacturer of branded room comfort appliances. No financial terms were disclosed. www.vornado.com
AcuNetx Inc. (OTC BB: ANTX) of Superior, Colo. announced that it is seeking “private equity capital to bring its workplace and highway safety products to market this year.” The move is part of a broader corporate restructuring. www.acunetx.com
GS Capital Partners has agreed to acquire insurance broker USI Holdings Corp. (Nasdaq: USIH) for $17 per share. The total transaction is valued at approximately $1.4 billion. www.gs.com www.usi.biz
Beecken Petty O'Keefe & Co. has acquired Reichert Inc. from Summer Street Capital Partners for an undisclosed amount. Reichert is a Depew, N.Y.-based manufacturer of screening and diagnostic devices for ophthalmologists, optometrists and retail eyecare centers. It was acquired from Summer Street from Leica Microsystems in late 2002, and was advised on the more recent […]
McDonald's may put its Boston Market restaurant chain on the auction block, according to a comments made by company CEO Michael Andres to employees.
Merck KGaA could receive buyout interest for its generic drugs business from Cinven, Permira and Texas Pacific Group, according to Reuters. Such a sale could generate anywhere from Euro 4 billion to Euro 5.5 billion.
CVC Asia Pacific and Macquarie Bank are considering a bid for Sino-Forest Corp. (TSX:TRE), a Canadian lumber company operating in China, according to Bloomberg. The company's market cap is approximately $1 billion.