ExamWorks Group Inc (EXAM) to buy Texas-based MES Group Inc for about $200 million
US independent medical examinations provider ExamWorks Group Inc (EXAM) said it planned to buy Texas-based MES Group Inc for about $200 million in cash and stock, including USD10m in debt. MES’ Veterans Evaluation Services business remains outside the deal. The takeover price comprises USD175m in cash and 1,424,501 ExamWorks shares worth some USD25m.
The ExamWorks Group will use its existing cash resources and a senior revolving credit [...]
Sandler O’Neill + Partners, L.P. is selling stake to Carlyle Group and Kelso & Co
Sandler O’Neill + Partners, L.P., an investment bank focused on financial services, is selling a minority stake to private equity firms Carlyle Group [CYL] and Kelso & Co to help fund growth. The investment bank’s current management team, led by James Dunne and Jonathan Doyle, will remain in place after the deal.
Sandler O’Neill & Partners, L.P. is an investment banking firm that provides financial advisory, balance sheet [...]
BC Partners and Silver Lake to buy Multiplan for $3.1B from Carlyle and Welsh, Carson, Anderson and Stowe
Private-equity firms, BC Partners [BCPRT] and Silver Lake Partners [SILAK] are set to buy health-care business MultiPlan Inc. for $3.1 billion from rivals Carlyle [CYL] and Welsh, Carson, Anderson and Stowe. New York-based MultiPlan is one of the largest U.S. independent PPOs, or preferred-provider organizations—businesses that put together medical networks for insurers, Carlyle is expected to make more than three times its investment [...]
Loyds Banking Group Sells private equity business to Coller Capital- Cavendish Square Partners LP
Lloyds Banking Group (LBG) has agreed to sell its private equity business, earning LBG £332 million in cash for transferring the 40 investments held by its Integrated Finance unit to a new joint venture with Coller Capital in which the bank will hold a 30 percent stake.
Lloyds will retain a stake of about 30 percent in a new joint venture called Cavendish Square Partners LP. “This deal will ensure that we share in any future upside in [...]
Google Buys Mobile Email Utility reMail, Gabor Cselle joins Gmail team.
Google [[GOOG]] has acquired reMail, a company that provides advanced email search capabilities for the iPhone platform. Financial terms of the acquisition were not disclosed. First thing Google did after the takeover was to cut Remail’s ties with Apple’s App Store, reMail founder Gabor Cselle @gabor, who founded email start-up reMail in 2008, and was YCombinator funded in 2009, posted today on his personal blog. Cselle is [...]
