VCJ Staff
Avista Capital Partners has acquired Phillips Investment Resources LLC, a Rockville, Md.-based provider of subscription-based investment advice, from Phillips International Inc. No financial terms were disclosed. Phillips International was advised on the sale by The Jordan, Edmiston Group. www.avistacap.com www.phillips.com
Vornado Realty Trust is offering to pay the cash portion of its $41 billion bid for Equity Office up-front. This comes after the Equity Office board recommended that shareholders accept a lower offer from Blackstone Group — $54 per share compared to $56 per share
J.H. Whitney & Co. has offered to buy nutritional supplements company Herbalife Ltd. (NYSE: HLF) for $38 per share. Whitney already owns around 27% of the company, which is being valued at $2.7 billion by the offer. www.herbalife.com
TowerBrook Capital Partners has agreed to acquire shoemaker Jimmy Choo from Lion Capital for
Arlington Capital is in advanced talks to acquire a majority stake in Advanced Health Media, according to LBO Wire. AHM is a Union, N.J.
Countrywide PLC reportedly has received a
Black Diamond Capital Management and Brencourt Advisors have agreed to acquire Werner Holding Co., a bankrupt Greenville, Pa.-based manufacturer and distributor of ladders, climbing equipment and ladder accessories. The deal provides Werner with an enterprise value of approximately $255.75 million.
Bear Stearns Merchant Banking has completed its acquisition of a controlling interest in Alter Moneta, a Montreal-based provider of traditional equipment financing. No financial terms were disclosed. Existing Alter Moneta shareholder Caisse de depot et placement du Quebec will retain an ownership position. www.bsmb.com www.altermoneta.com
CCMP Capital Advisors and GS Capital Partners have agreed to acquire Triad Hospitals Inc. (NYSE: TRI) for $50.25 per share. The entire transaction is valued at approximately $6.4 billion, including around $1.7 billion in debt. Under terms of the deal, Triad may solicit superior proposals for the next 40 days. Were it to accept such […]
Trigeant Ltd., a Houston, Texas