VCJ Staff
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.
Tonka Bay Equity Partners has acquired All-Flex Inc., a Northfield, Minn.-based manufacturer of custom flexible circuits. No financial terms were disclosed for the deal, which also included participation by company management and Granite Equity Partners. www.allflexinc.com
The Jordan Co. has sponsored a recapitalization of Harrington Holdings Inc., a marketer and distributor of healthcare products to managed care beneficiaries, home care supply providers and healthcare professionals. National City's equity sponsor group served as joint-lead arranger and syndication agent for the senior secured credit facility. No pricing terms were disclosed.
Triton Pacific Capital Partners has sponsored a recapitalization of Meridian Behavioral Health Network, a provider of drug, alcohol and mental health services in Minnesota. No financial terms were disclosed. www.tritonpacific.com www.meridiannetwork.com
MCCI Holdings LLC, a Miami, Fla.-based provider of medical management services for managed care organizations, has completed a recapitalization. Participants included Goldman Sachs Urban Investment Group, Pharos Capital Group and GE Healthcare Financial Services. No financial terms were disclosed.