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Private equity deals

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
July 3, 2012, 2:05 PM ET

One Equity Partnershas agreed to acquire M*Modal Inc. (Nasdaq: MODL), a Franklin, Tenn.–based provider of clinical documentation and speech recognition solutions, for approximately $1.1 billion. The $14 per share deal represents an 8.3% premium to yesterday’s closing price for M*Modal shares. Macquarie Capital is managing the process for M*Modal. www.mmodal.com

Confie Seguros, a New York-based provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired three new insurance agencies: Bradley Insurance Agency (Las Vegas), A Auto Insurance World (West Palm Beach) and Westside Auto (Ontario, Calif.). No financial terms were disclosed. ConfieSeguros is a portfolio company of Genstar Capital, and now has made 13 acquisitions in 2012. www.genstarcap.com

GenNx360 Capital Partners has acquired Schramm Inc., a West Chester, Penn.-based maker of mobile land-based drilling rigs. No financial terms were disclosed. www.schramminc.com

GS Capital Partners has acquired Drayer Physical Therapy Institute, a provider of outpatient physical rehabilitation services, from Linden LLC. No financial terms were disclosed. www.drayerpt.com

Roark Capital Group has acquired QualaWash Holdings LLC, a Tampa, Fla.–based provider of environmental services to the bulk transportation industry, from KLH Capital. No financial terms were disclosed. Harris Williams & Co. managed the process. www.qualawash.com

The Weather Channel has agreed to acquire Weather Underground, an Ann Arbor, Mich.–based provider of Web-based weather data. No financial terms were disclosed. The Weather Channel is owned by NBC Universal, The Blackstone Group and Bain Capital. www.wunderground.com

Windjammer Capital Investors has acquired Global Claims Services, a Jacksonville, Fla.-based company that helps insurance companies determine fair market replacement value of damaged flooring and exterior building materials, from The Riverside Company. No financial terms were disclosed, although Riverside reported a 2.8x gross cash-on-cash return and a 29% gross IRR on its investment.www.globalclaimsservices.com

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By Dan Primack
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