Private equity firm Francisco Partners has acquired Concerro through API Healthcare, an existing portfolio company that provides workforce management technology to the healthcare industry. Based in San Diego, California, Concerro is a provider of software-as-a-service (SaaS) staffing and scheduling systems for healthcare. Through this acquisition, API Healthcare will expand its market and accelerate its delivery of SaaS solutions. "The acquisition of Concerro presents an opportunity for API Healthcare to expand into new markets, primarily smaller hospitals and clinics, and accelerate the path to SaaS for its workforce management technology," says Petri Oksanen, a principal at Francisco Partners who focuses on

Boston-based private equity firm Riverside Partners is to make a significant investment in Park IP Translations, a market leader in the highly technical field of patent translation. The investment, which will be made through Riverside Partners’ portfolio company, Welocalize, will enhance the company’s service offerings, providing clients with better translations on a global scale. Park IP is headquartered in New York, New York. Welocalize has over 500 employees in 11 offices located in the USA, Ireland, United Kingdom, Germany, China, and Japan, and provides translation supply chain management to deliver market-ready, translated content efficiently and affordably. Welocalize is headquartered in

Corel has completed the acquisition of the Roxio business from Rovi Corporation. With this deal, Corel has expanded its product portfolio to include Roxio’s broad range of digital media and security solutions, including digital media suite Roxio Creator and Roxio Toast, a leading media conversion software on the Mac platform. Financial details of the agreement have not been disclosed. Corel now adds the Roxio product line, including the following well-known products, to its portfolio: Roxio Creator – Software to enhance, preserve, capture and share your digital media Roxio Toast – The ultimate multi-media toolkit for your Mac Roxio Game Capture

Global aerospace and defence (A&D) merger and acquisition (M&A) value reached a record level in 2011, according to Mission Control, a quarterly analysis of M&A activity in the global A&D sector by PwC. Aggregate deal value reached USD43.7 billion supported by 341 deals in 2011, compared to total deal value of USD21.9 billion and 332 deals in 2010. The 2011 record surpassed the previous A&D deal record of USD42 billion in 2007.   The primary driver of deal value in 2011 was the USD16 billion transaction, the largest in sector history.  However, volume drivers were broad-based, with higher numbers for

Hogan Lovells has advised Ares Capital, Lloyds TSB, RBS and Santander on the acquisition by Duke Street Capital of a majority stake in Parabis, thought to be the first ever leveraged buy-out of a law firm in the UK. The deal was announced on Monday 6 February. Parabis is a leader in claims handling which specialises in managing long term outsourced and co-sourced contracts on behalf of major organisations. Parabis also owns Plexus law, a specialist insurance defendant entity. The Hogan Lovells team advising the banks was led by London banking partner Stuart Brinkworth, assisted by Of Counsel Jo Robinson,

Bregal Investments is forming Bregal Partners, LP, a middle-market private equity fund with USD500 million of committed capital. The fund’s investment efforts will be led by Robert Bergmann and Scott Perekslis, who will serve as Managing Partners. The fund, based in New York, will focus on control-oriented investments in North America in the following industries: consumer; food and beverage; healthcare; and, energy services. Bergmann and Perekslis are middle-market private equity veterans, having previously worked together at Centre Partners Management LLC for more than 20 years, most recently serving as Senior Partners. Louis Brenninkmeijer, co-Chairman of Bregal Investments, says: "We are

High Road Capital Partners has sold Milwaukee Gear Company for USD80 million, marking the first exit for the firm’s debut fund, High Road Capital Partners Fund I, LP. The sale generated a 2.6x gross cash-on-cash return and a 31.6% gross IRR for High Road. The firm’s July 2008 investment in Milwaukee Gear was also its first acquisition.   Milwaukee, Wisconsin-based Milwaukee Gear manufactures custom precision gears and drives used in a variety of industrial applications. The company was acquired by Regal Beloit Corporation (NYSE: RBC).   “In the three and a half years High Road owned the company, we grew

The Green Building Group, an HIG Europe portfolio company headquartered in Graz, Austria, has acquired a majority stake in Lumar IG d.o.o. (Lumar), the leading Slovenian manufacturer of prefabricated houses. As part of the transaction, Lumar’s founding owners, the Lukic family, have taken a stake in Green Building Group. Lumar will continue to manufacture from its highly efficient site in Maribor and will maintain its well-known brand under the umbrella of Green Building Group.   The Green Building Group was founded in August 2011 with the acquisitions of the Hanlo Group and HAG. The acquisition of Lumar represents a key

Mid Europa Partners has entered into a binding agreement with its partner France Telecom-Orange, for the sale of their combined 100% stake in Orange Austria to Hutchison 3G Austria (Hutchison), a subsidiary of Hutchison Whampoa Limited. Mid Europa currently holds a 65% stake in Orange Austria and France Telecom-Orange a 35% stake. The agreement implies an enterprise value of approximately EUR1.3 billion for Orange Austria. As part of the overall transaction, Hutchison will sell frequencies, base station sites, the mobile phone operator Yesss! Telekommunikation GmbH (Yesss!), as well as certain intellectual property rights to Telekom Austria Group immediately after the