Archive for November, 2007

Covington Associates LLC Acts as Advisor to Inverness Medical Innovations

Thursday, November 29th, 2007

Covington Associates LLC announced today it has acted as  advisor to Inverness Medical Innovations ("Inverness")  in its agreement to acquire ParadigmHealth ("Paradigm"), a leading provider and integrator of care and disease management services for acutely ill and clinically complex patients, including neonatal intensive care and oncology patients. The transaction is structured as an all cash [...]

Strategic Technology Acquirers to Ramp Up M&A Activity in Coming Year

Wednesday, November 28th, 2007

Contributed by The 451 Group.  Tim Miller, Vice President and General Manager of The 451 Group, will be speaking at ACG Boston and Mass High Tech's 2007 Tech Conference.
To hear more from The 451 Group, attend the 2007 Tech Conference on Wednesday, December 5, 2007.  Click here to register and for more info!
Strategic acquirers almost [...]

For Jilted United Rentals, a Silver Lining

Wednesday, November 28th, 2007

Right now, the management of United Rentals, Inc. is "suing mad" at buyout shop Cerberus for its evident buyer’s remorse in walking away from its previously inked (but not yet closed) buyout of this publicly traded operator of nearly 700 equipment rental locations. What makes this particular jilted bride so outraged is that the groom [...]

Crystal Capital Serves as Documentation Agent & Lead Investor

Tuesday, November 27th, 2007

Crystal Capital Fund, L.P. is pleased to announce it recently acted as Documentation Agent and Lead Investor for a $27 million second lien term loan to support the acquisition of United Road Services by The Gores Group LLC.
United Road Services (URS), based in Romulus, Michigan, provides vehicle transportation and logistic services for more than two [...]

You Should Have Been There with David Mussafer

Monday, November 26th, 2007

by Larry Blumsack, President, Zoka Institute
Larry guest blogs a Should Have Been There column each month for the DealMakers Breakfast.
The past two Dealmakers Breakfast speakers made it clear, as ACG Boston CEO Gail Long put it wrapping up the last breakfast, "Hug your banker."
In October, Steve Waters Co-Founder of Compass Partners told the audience to [...]

Castanea Partners Announces Investment in Ippolita

Monday, November 26th, 2007

Castanea Partners announced that it has invested in Ippolita, a designer of luxury jewelry and accessories.
Founded in 1999, Ippolita is a fast growing designer and marketer of luxury fashion jewelry and related products under the Ippolita brand. Beginning with their iconic handcrafted bangles, Ippolita successfully created a unique, fashion forward jewelry aesthetic appealing to [...]

ACG Boston Welcomes New Member Gordon Wisbach

Wednesday, November 21st, 2007

ACG Boston welcomes new member Gordon Wisbach, of G W Marketing Services:
G W Marketing Services is the Northeast's largest, most respected provider of automotive dealership consulting and brokerage services with the best record for repeat business.  For more than 27 years, G W Marketing Services has linked buyers and sellers together for successful dealership transactions.

Newbury Piret & Co. Represents Isoltation Technologies in Sale to IDEX

Tuesday, November 20th, 2007

Newbury Piret & Co., Inc. is pleased to announce that its client, Isolation Technologies, Inc., a leading developer and manufacturer of advanced column hardware and accessories for the High Performance Liquid Chromatography (HPLC) market, has been acquired by IDEX Corporation (NYSE: IEX). HPLC instruments are used in a variety of analytical chemistry applications, with primary [...]

Raindrops Keep Falling on My Head

Monday, November 19th, 2007

The Wall Street Journal reported last Friday that Goldman economist Jan Hatzius suggested that possible credit losses from mortgage defaults could hit $2 trillion (when you consider leveraged instruments). Now, that isn’t just the good soaking we have been experiencing to date, but a veritable downpour. He dryly (no pun intended) summarizes, "Our conclusion is [...]

Revolution Partners Announces VMIX Secured $16.5 Million in Venture Funding

Monday, November 19th, 2007

VMIX, the leading interactive media, video and social networking company, today announced the closing of a $16.5 million equity financing. New investors JK&B Capital and ATA Ventures joined existing investors Mission Ventures and Enterprise Partners in this round. The funding will be applied to extending the company's lead in supplying the VMIX CORE software platform [...]