VCJ Staff
Gambro Healthcare, owner of dialysis clinics in 15 countries, could be on the block for around $800 million, according to Bloomberg. Gambro's owner is Sweden's Wallenberg family, which has retained Goldman Sachs to explore a possible sale. www.gambro.com
CalPERS says that it plans to vote against the $19 billion buyout of Clear Channel Communications by Bain Capital and Thomas H. Lee Partners. It becomes the latest Clear Channel shareholder to publicly oppose the deal, following Fidelity Investments, Highfields Capital Management and T. Rowe Price. CalPERS holds just under 1% of Clear Channel stock.
Buckingham Capital Partners has completed its $8.65 per share buyout of CPAC Inc., a Leicester, N.Y.-based maker of cleaning products and imaging chemicals. The total deal is valued at around $49.5 million, with CPAC having delisted from the Nasdaq. www.cpac.com
Gridiron Capital has acquired Ramsey Industries Inc., a Tulsa-based manufacturer of products for the towing and construction industries. No financial terms were disclosed. www.gridironcapital.com
Custom Foods Products Inc., a Carson, Calif.-based meat processing company owned by William E Simon & Sons and Triton Partners, has filed for Chapter 11 bankruptcy protection. The move was made in order to help facilitate a sale to stalking horse bidder Contrarian Financial Services, which has offered to pay between $30 million and $35 […]
Apollo Investment Corp. (Nasdaq: AINV), a business development company affiliate of Apollo Management, has agreed to acquire Innkeepers USA Trust (NYSE: KPA), a hotel REIT, for $17.75 per share. Lehman Brothers and UBS are advising Innkeepers on the deal, which is valued at around $1.5 billion. www.innkeepersusa.com
Bear Stearns Merchant Banking has agreed to acquire Universal Hospital Services Inc. from JW Childs Associates, The Halifax Group and UHS management. The deal is valued at approximately $712 million, and is expected to close later this quarter. UHS is an Edina, Minn.
Alinda Capital Partners has agreed to acquire Canadian income trust UE Waterhead Income Fund (TSX: UWH.UN) for Cdn$23 per unit. The total deal is valued at approximately Cnd$1.74 billion. www.alinda.com
MidOcean Partners has acquired Hunter Fan Co. from Lehman Brothers Merchant Banking Group. No financial terms were disclosed for the deal, which included leveraged financing from JP Morgan and Goldman Sachs. Hunter Fan is a Memphis, Tenn.-based maker of branded ceiling fans. www.hunterfan.com
Sallie Mae (NYSE: SLM), the nation's largest provider of college loans, has agreed to be acquired for $25 billion. The buyers are J.C. Flowers & Co., Friedman Fleischer & Lowe, J.P. Morgan Chase and Bank of America. The private equity firms will own a combined 50.2% stake, while the banks will each invest $2.2 billion for […]