Private equity deals

May 22, 2012, 6:43 PM UTC

The Blackstone Group has agreed to acquire Accor’s budget hotel business, including the Motel 6 and Studio 6 chains, for $1.9 billion.

Avail-TVN, a Reston, Va.-based provider of digital media services, has raised $100 million in private equity and debt funding. The Carlyle Group led the equity tranche, and was join by return backers Columbia Capital, Valhalla Partners, Novak Biddle and Pioneer Ventures. Debt was provided by Silicon Valley Bank, RBS Citizens and Bank of America. Avail-TVN will use part of the proceeds to acquire On Demand Group, a UK-based provider of video-on-demand services to television brands.

eResearchTechnology Inc. (Nasdaq: ERT) has scheduled a June 22 shareholders meeting to vote on a $400 million, or $8 per share, buyout offer from Genstar Capital. ERT is a Philadelphia-based provider of health outcomes research services to biopharma sponsors and contract research

HealthEdge Investment Partners has acquired a majority stake in LifeSync Corp., a Ft. Lauderdale, Fla.-based maker of disposable, wireless, radiolucent EKG devices. No financial terms were
Health Information Desig
, an Auburn, Ala.–based provider of healthcare IT and data analytics services, has raised an undisclosed amount of funding from BV Investment Partners. Founders Investment Banking advised HID on the transaction.

TPG Capital and property group Savills have agreed to acquire bankrupt Japanese apartment developerJoint Corp. No financial terms were disclosed.

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