Month: May 2015

Fashion Forward Lighting Company VISO In Partner Buyout PR Newswire TORONTO, May 28, 2015 Husband and Wife Team Complete Partner Buyout of International Lighting Design and Manufacturing Firm VISO Inc. TORONTO , May 28, 2015 /PRNewswire/ – Filipe Lisboa, Founder and Head Designer and Tzetzy Naydenova, Managing Director have acquired a 100% interest in VISO Inc., the international design and manufacturing firm of contemporary luxury lighting. […]

ACL Invests in GRC Software Usability with Acquisition of Design Firm Artletic PR Newswire VANCOUVER, British Columbia, May 28, 2015 ACL Continues to Transform GRC Profession with Beautiful Software VANCOUVER, British Columbia , May 28, 2015 /PRNewswire/ — ACL , the company that is transforming audit and risk, today announced that it has completed the acquisition of Denver -based Artletic LLC, a digital design firm focused on creating exceptional user experiences through web and mobile applications. With the acquisition, Artletic’s team of designers will join ACL as full-time employees, further driving ACL toward its vision of disrupting the GRC software market with software that delivers standout user experiences to more than 14,000 commercial and government customers in over 150 countries. “A key factor limiting the adoption of GRC software products is the perception – and in many cases reality – that GRC software is not intuitive to use and can be intimidating,” said Michael Rasmussen , Founder of GRC 20/20 , an independent research firm focused on GRC practices and processes […]

Lilly Announces the Early Results of Its Cash Tender Offer PR Newswire INDIANAPOLIS, May 28, 2015 INDIANAPOLIS , May 28, 2015 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) announced today that pursuant to its previously announced cash tender offer for up to $1.6 billion aggregate principal amount (the “tender cap”) of specified series of its outstanding debt, approximately $1.45 billion in aggregate principal amount of the notes listed in the table below were validly tendered and not validly withdrawn on or prior to 5:00 p.m. , New York City time, on May 27, 2015 , the early tender date for the offer. The table below sets forth the aggregate principal amount of each series of notes subject to the tender offer that were validly tendered and not validly withdrawn on or prior to the early tender date […]

Cardinal Health Binding Offer To Acquire Cordis Accepted PR Newswire DUBLIN, Ohio, May 28, 2015 Cordis Is A Worldwide Leader In Cardiac And Endovascular Medical Products DUBLIN, Ohio , May 28, 2015 /PRNewswire/ — Cardinal Health today announced that its March 1, 2015 binding offer to acquire Johnson & Johnson’s Cordis business for $1.944 billion in cash was formally accepted. The offer was accepted after consultations with relevant works councils and trade unions. The transaction is expected to close in the United States and key non-U.S […]

Halbouty Energy Launches Paraffin Inhibition Breakthrough For Oil Production, Storage, and Transport PR Newswire HOUSTON, May 28, 2015 HOUSTON , May 28, 2015 /PRNewswire/ — Halbouty Energy, LLC, Houston, TX , has acquired the intellectual property including issued and pending U.S. and international patents, applications expertise and full product line of Malcera, LLC, enhancing its product offering in the area of paraffin and asphaltene treatment chemistries as well as emulsion breakers and solids dispersants. Halbouty’s ParaFlow paraffin control products, now available for the first time on a large scale to oilfield service companies, are designed to increase flow assurance of crude oil production and reduce downtime due to wax deposition […]

Worldwise Announces Merger with Quaker Pet Group™ Merger combines successful pet supplies companies with complementary product offerings and shared vision PR Newswire SAN RAFAEL, Calif., May 28, 2015 SAN RAFAEL, Calif. , May 28, 2015 /PRNewswire/ — Worldwise , a leading manufacturer of branded pet products, announced today that it is merging with Quaker Pet Group ™ (QPG), a leading innovator of dog toys and pet carriers. […]

SPI Completes Acquisition of Majority Interest in Solar Juice PR Newswire SHANGHAI, May 28, 2015 SHANGHAI , May 28 , 2015 /PRNewswire/ — Solar Power, Inc. (“SPI”) (OTCBB: SOPW), a vertically-integrated photovoltaic (“PV”) project developer, today announced its wholly owned subsidiary, SPI China (HK) Limited, has completed the acquisition of 80% of the outstanding capital stock of Solar Juice Pty Ltd (“Solar Juice”), the leading solar PV wholesale distribution business in Australia in 2013 and 2014 by wholesale volume, according to SolarBusinessServices, Pty Ltd (“SBS”), an independent Australia-based research and consulting firm. The acquisition was previously announced on March 31, 2015 . […]

Kalorama: CVS Purchase of Omnicare Fits the Long Term Care Trend PR Newswire NEW YORK, May 28, 2015 NEW YORK , May 28, 2015 /PRNewswire/ — According to Kalorama Information, CVS Health Corporation’s agreement of May 21 to acquire Omnicare for approximately $12.7 billion fits a prevailing trend in the healthcare industry – to seek to benefit from an aging population. The U.S. long term care industry has experienced steady growth and this is expected to continue as the aging population increases demand for all forms of long term care, including pharmacy services. […]

Huron Capital Acquires Its 100th Company Deal marks first add-on for Specialty Auto Auction Platform PR Newswire DETROIT, May 28, 2015 DETROIT , May 28, 2015 /PRNewswire/ — Huron Capital Partners LLC (” Huron “) announced today that its auto auction portfolio company, The XLerate Group. (“XLerate”), has acquired Schoolcraft, Mich. […]

GO Scale Capital and Philips Choose Bank of China as Mandated Lead Arranger and Sole Bookrunner of $1.93 Billion USD Debt Facilities to Finance Acquisition of Majority Interest in Lumileds PR Newswire HONG KONG, May 28, 2015 HONG KONG , May 28, 2015 /PRNewswire/ — GO Scale Capital, an independent investment fund sponsored by GSR Ventures and Oak Investment Partners, announced today that it is working with Bank of China , with the support of Philips, to finance the acquisition of an 80.1% interest in Philips’ combined LED components and Automotive lighting business. This business will continue under the name Lumileds. […]

Takeover Battle for Germany’s Kaufhof Risks “Walmart Disaster Revisited”, Retail Expert Warns PR Newswire BONN, Germany, May 28, 2015 BONN, Germany , May 28, 2015 /PRNewswire/ — The looming takeover battle for Germany’s beleaguered Kaufhof department store chain carries the risk of a “Walmart disaster revisited” should the department store chain fall into foreign hands, a leading retail expert has warned. Professor Thomas Roeb , of the Hochschule Bonn-Rhein-Sieg, was referring to Walmart’s failed foray into German retail. […]

Allianz and Bastion acquire three Spanish infrastructure assets from Comsa Emte PR Newswire BARCELONA, MUNICH and TORONTO, May 28, 2015 BARCELONA , MUNICH and TORONTO , May 28, 2015 /PRNewswire/ – Allianz Capital Partners (ACP) and Bastion Infrastructure Group (Bastion) have acquired equity interests in three operating essential Spanish infrastructure assets from Comsa Emte Concesiones. The acquisition includes 100% of Comsa Emte’s interests in three concession assets, two granted in connection with the Metro Line 9 commuter rail line in Barcelona and one in connection with the Metro Ligero Oeste commuter rail line in Madrid . All assets are fully operational with strong yield generation and are granted under long-term concessions with effectively availability-based payment schemes, with a remaining weighted average life of 26 years […]