VCJ Staff
Gazette Communications has agreed to sell a controlling interest in Decisionmark Corp. to a consortium that includes Turnstone Capital, CBC New Media and an undisclosed “multi-billion dollar institutional investor.” No financial terms were disclosed. Decisionmark is a provider of online software and information to the broadcast industry, and will be renamed TitanTV Media. www.decisionmark.com
Tinicum Capital Partners has agreed to acquire substantially all the assets of bankrupt gift and decorative accessories company Enesco Group. www.enesco.com
The Riverside Company has acquired Anitox Corp., a Lawrenceville, Ga.
Key Principal Partners is sponsoring a management buyout of Imperial Bag & Paper Co. LLC, a Bayonne, N.J.-based distributor of consumable paper and plastic packaging sold primarily to the restaurant and retail industries in the greater New York City area. KPP has committed $12 million in equity and subordinated notes. www.keyprincipalpartners.com
W. P. Carey & Co. has completed the acquisition of two manufacturing/distribution facilities in Flora, Miss. and Muskogee, Okla. for approximately $6 million. The transaction was part of the acquisition of Primos Inc. by Optronics's parent, which is majority owned by Chicago-based private equity firm Svoboda, Collins. www.wpcarey.com
Truffle Venture of Paris has sponsored a leveraged buyout of MoMac, a Dutch provider of mobile platforms for media companies. No financial terms were disclosed for the deal, which results in MoMac management retaining a minority ownership position. www.truffle-venture.com www.momac.net
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 […]