Mergers & acquisitions

May 03, 2013

Diamond Castle Partners has completed its previously-announced sale of Managed Health Care Associates Inc., a Florham Park, N.J.-based provider of services and solutions for alternate site healthcare providers, to Roper Industries Inc. (NYSE: ROP). The deal was valued at approximately $1 billion in cash.

Forstmann Little & Co. has hired Morgan Stanley and Evercore Partners to find a buyer for talent agency IMG Worldwide Inc., according to Bloomberg. The deal is expected to be worth upwards of $2 billion.

Kellwood Co., an apparel maker owned by Sun Capital Partners, is looking to sell yoga apparel brand Zobha, according to peHUB.

is selling 7 million additional shares in listed German fashion house Hugo Boss, which would cut its stake down to around 56%. The deal is expected to generate around €630

TripAdvisor (Nasdaq: TRIP) has acquired “key technology and talent” from CruiseWise Inc., a San Francisco–based online cruise booking agency. No financial terms were disclosed. CruiseWise had raised seed funding from SV Angel, Index Ventures, PROfounders Capital and New Enterprise Associates.

Group Commerce Inc., a New York-based e-commerce platform for publishers, has merged withNimbleCommerce, a Santa Clara, Calif.–based offers and and distribution network. No financial terms were disclosed. The combined company will operate under the NimbleCommerce brand. Group Commerce had raised nearly $40 million from Carmel Ventures, Spark Capital and Jafco Ventures. NimbleCommerce backers include Agility Capital.

The Qatar Foundation Endowment
 has acquired a 5% stake in listed Indian telecom companyBharti Airtel for approximately $1.26 billion.

Temasek is in talks to acquire around a $500 million stake in UK financial data provider Markit, according to the FT.

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