Mid-market private equity firm GI Partners has sold its 75 per cent ownership stake in FlatIron Crossing, a 1.7 million square foot class-A regional mall located in Broomfield, Colorado, to its joint venture partner Macerich. GI Partners invested in FlatIron Crossing in 2009, acquiring its 75 per cent interest in the mall from Macerich, who remained the operating partner in the venture. The sale of FlatIron Crossing generated a return of approximately two times invested capital and over a 25 per cent gross internal rate of return to limited partners of GI Partners Fund III. Developed in 2000 by a

August Equity’s portfolio company SecureData Europe has completed the acquisition of Quadrant Networks. Quadrant provides application delivery and security services to a blue chip customer base including the UK’s leading e-commerce and corporate clients such as Ocado, Rightmove and Easyjet. It ensures customers’ mission critical applications are operating in a fast, secure and available manner. Both Paul Risk and Peter Ledger, shareholders in Quadrant, will continue to work within the consolidated group. SecureData is a specialist IT security provider and is recognised for customer service and the delivery of high quality managed security services either on a customer’s site, in

Harbinger Group has formed a joint venture with EXCO Resources to create a private oil and gas limited partnership that will purchase and operate EXCO’s US conventional oil and gas assets, for a total consideration of USD725m. Under the terms of the agreement, the partnership will own EXCO’s conventional oil and natural gas assets in West Texas including and above the Canyon Sand formation as well as in the Danville, Waskom, Holly and Vernon fields in East Texas and North Louisiana. The more than 520 billion cubic feet equivalent (Bcfe) of estimated proved reserves are approximately 82 per cent proved

Sidewinder Drilling, a Houston-based land drilling company controlled by private equity firm Avista Capital Partners, is to acquire Union Drilling. Sidewinder’s wholly-owned subsidiary, Fastball Acquisition, is to acquire all outstanding shares of common stock of Union Drilling for USD6.50 per share, net to the seller in cash, without interest and less any applicable withholding taxes, as of the expiration of the tender offer.  The tender offer expired at 12:00 Midnight on 2 November 2012. The depositary for the tender offer has advised that, as of the offer’s expiration, 16,405,502 shares of common stock of Union Drilling had been validly tendered

Humana has acquired Certify Data Systems, a specialist in health information exchange (HIE) technology. Terms of the transaction have not been disclosed. Hospitals, physicians and laboratories across the nation have adopted the HealthLogix Enterprise HIE platform from Certify. The platform provides two-way sharing of clinical information across disparate electronic health record systems (EHRs), connecting healthcare providers and allowing them to share relevant patient health information in real-time. “Humana remains focused on leveraging the power of technology to provide a more coordinated patient experience for our members that will enable quality, affordable health care,” says Brian LeClaire, senior vice president and