Sterling Partners aids Mosaid
Posted by Tejas Venkatesh on October 31, 2011
Contact: Thejeswi Venkatesh Earlier this month, Wi-LAN indicated it would ‘pack up and move on’ if Mosaid Technologies’ shareholders did not accept its sweetened $42 per share unsolicited offer. But in a rather unusual turn of events, it is Mosaid that has moved on. On Friday, the chip technology company announced an agreement with buyout [...]
Cut the CDN already, InterNap
Posted by Ben Kolada on October 27, 2011
Contact: Ben Kolada We’ve long covered InterNap Network Services as both a potential target and a datacenter services vendor with disappointing earnings. With what’s likely to be another underwhelming quarter (the company reports Q3 results after the bell today), we take yet another look at what can be done to save this barely floating ship. [...]
Renaissance plays politics
Posted by Brenon Daly on October 21, 2011
Contact: Brenon Daly It must be election season. That’s what struck us when we saw earlier this week that Renaissance Learning went ahead and accepted a buyout offer that valued the online education vendor at about 10% less than an unsolicited bid. To our ear, some of the material in the proxies filed in connection [...]
Big Blue’s recent shopping spree
Posted by Brenon Daly on October 17, 2011
Contact: Brenon Daly After a slow start to the year, IBM has dramatically picked up the pace – and the spending – in its M&A program. Big Blue only announced its first deal of 2011 in late March, and then was out of the market for nearly a half-year. But in the past two months [...]
A renaissance of PE interest in Renaissance
Posted by Brenon Daly on September 29, 2011
Contact: Brenon Daly In 2010, PLATO Learning went private in a relatively straightforward process that took just two months from Thoma Bravo’s announcement of the leveraged buyout (LBO) of the online education vendor to the close of it. Now, privately held PLATO is drawing out – and making more expensive – the LBO of fellow [...]
Forget the rebound, many companies see double dip
Posted by Brenon Daly on September 9, 2011
Contact: Brenon Daly According to many big tech acquirers, the rest of 2011 is shaping up to look an awful lot like 2009. From forecasts for declining valuations to indications of a dramatically more conservative approach to M&A, there was a bearishness in the responses to our special midyear survey of corporate development executives that [...]
Ness gets a scant sendoff
Posted by Brenon Daly on September 1, 2011
Contact: Brenon Daly Three-quarters of Ness Technologies shareholders have backed the planned $307m take-private of the IT services vendor, clearing the way for the sale to Citi Venture Capital International (CVCI) to close by the end of the month. CVCI acquired nearly 10% of Ness in early 2008 and first offered to pick up the [...]
Corel erases iGrafx from its portfolio
Posted by Brenon Daly on August 29, 2011
Contact: Brenon Daly A decade after picking up iGrafx, the private equity-backed Corel firm has divested the business process management (BPM) software company to newly formed buyout shop The Limerock Group. The move should allow new focus and resources for iGrafx, which was always an odd fit inside Corel. For its part, iGrafx sold almost [...]
A little something for your trouble
Posted by Brenon Daly on August 17, 2011
Contact: Brenon Daly Breaking up is hard to do. And it can be expensive, too. But as a pair of deals this week shows, the costs aren’t necessarily borne equally by the two sides in a planned transaction. In the higher-profile case, the market is buzzing that Google may be on the hook for a [...]
Are Internet infrastructure exits interconnected?
Posted by Ben Kolada on August 10, 2011
Contact: Ben Kolada Providing further proof that it’s a tough time to be on the market, much less come to market, GI Partners has opted to sell its Telx investment rather than battle through an IPO. The company’s sale to ABRY Partners and Berkshire Partners closes the books (at least for now) on a proposed [...]
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