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Susan Collins’ Maine concession could leave New England without a Republican in Congress for the first time since the 1850s

2

Billionaire Vivek Ramaswamy’s millions and Greg Abbott’s $106 million war chest couldn’t stop Democrats from flipping Texas and Ohio

3

OpenAI’s hiring of former Army Secretary just 2 months after Pentagon resignation is part of a 'trend' of it pivoting resources to defense projects

1

Susan Collins’ Maine concession could leave New England without a Republican in Congress for the first time since the 1850s

2

Billionaire Vivek Ramaswamy’s millions and Greg Abbott’s $106 million war chest couldn’t stop Democrats from flipping Texas and Ohio

3

OpenAI’s hiring of former Army Secretary just 2 months after Pentagon resignation is part of a 'trend' of it pivoting resources to defense projects

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By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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May 30, 2012, 1:13 PM ET
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Allianz Capital Partners has launched the sale process for European vending machine businessSelecta, according to Reuters. HSBC is managing the process, which is expected to generate around €700 million. Likely bidders include CVC Capital Partners and BC Partners.

CVC Capital Partners and Standard Chartered Private Equity have hired Bank of America and Goldman Sachs to sell Infastech, a Singapore-based industrial fastener maker, according to Reuters. No word on an asking price, except that Infastech generates more than $500 million in annual revenue and was acquired by CVC and SCPE for between $300 million and $400 million in 2010. Suitors are expected to include Unitas Capital and Stanley Black & Decker (NYSE: SWK). www.infastech.com

Danaher Corp. (NYSE: DHR) has agreed to acquire VSS Monitoring, a San Mateo, Calif.-based provider of solutions for optimizing the way data is extracted from high speed communication networks. No financial terms were disclosed. Sellers include Battery Ventures. www.danaher.com

Salesforce.com (NYSE: CRM) is nearing an agreement to acquire Buddy Media, a New York–based provider of social media management software, according to All Things D. The deal would be valued at more than $800 million. Buddy Media has raised around $90 million in VC funding from firms like Bay Partners, GGV Capital, Institutional Venture Partners and Insight Venture Partners.www.buddymedia.com

Groupon (Nasdaq: GRPN) has acquired Breadcrumb, the maker of a point of sale system and iPad app for restaurants. No financial terms were disclosed. www.groupon.com

Hanesbrands (NYSE: HBI) said that it plans to sell Imagewear unit, as part of a broader plan to exit Europe. It also said that it would end private-label production in the U.S. www.hanesbrands.com

Olympus Corp. (Tokyo: 7733) plans to sell a significant equity stake to either Sony Corp. or Panasonic Corp., according to local press reports. The troubled company also plans to lay off around 2,500 employees, which represents around 7% of its total workforce. www.olympus-global.com

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