Category: Mergers/Acquisitions

TD, Huntington Provide Financing for Weinberg & Bell Acquisition

Weinberg & Bell Group announced the acquisition of AeroRepair and Hemico. The business will be owned by a group of private investors led by WBG and the former owners of the business. The company’s current senior lender, TD Bank, and Huntington Capital Investment Company provided financing for the transaction.

FTI M&A Activity Forecast Expects Moderation in Transaction Pricing

M&A activity is projected to be robust this year as progress made on key global macroeconomic concerns, coupled with other market factors, will encourage deal making activity for cash-laden corporations and private equity funds, a new report from the Transaction Advisory Services group of FTI Consulting said.

PwC: Asset Management M&A Outlook Brighter for 2012

According to a recent PwC report, 2011 was the least active and lucrative year for M&A activity in the global asset management industry since 2006. However, continuing improvement in valuations and stronger interest from buyers are likely to make 2012 a better year, PwC said.

High Road Capital Partners’ Advanced Sleep Completes Acquisition

High Road Capital Partners’ portfolio company Advanced Sleep Medicine Services, has completed the acquisition of Pacific Sleep Medicine Services, a provider of sleep disorder diagnostic services with laboratory facilities throughout southern California. The acquisition closed on February 17, 2012.

CIT Arranges Financing in JLL Partners’ American Dental Acquisition

CIT Healthcare served as joint lead arranger and joint bookrunner for the financing transaction in support of JLL Partners’ acquisition of American Dental Partners. CIT underwrote $80.3 million of the $241 million financing in support of the go-private transaction. Financing was provided by CIT Bank.