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Gores Group LLC-Aquest Systems Corp.-Asyst Technologies Inc.
Aquest and private equity firm Gores Group revealed an unsolicited proposal Monday to buy semiconductor equipment maker Asyst Technologies for $5 to $6 per share, or between $248.5 million and $298 million.
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Asyst has already reportedly rebuffed at least two approaches from the private equity firm and now, in an attempt to move a deal along, the bidders released to the public a letter sent to Asyst on Feb. 1.
KRG Capital Partners LLC
KRG said Tuesday it would combine oil and gas engineering and services management providers Universal Ensco Inc. and Pegasus International Inc. in a deal that at the very least calls for the assumption of $300 million in debt.
Without disclosing terms, the Denver private equity firm said in a statement it had secured a $225 million senior credit facility to finance the deal, led by RBS Greenwich Capital with CIT Group and FirstLight Financial Corp., and $71 million in subordinated debt, led by Lehman Brothers Global Mezzanine Partners and PennantPark Investment Corp.
Galderma Pharma SA-CollaGenex Pharmaceuticals Inc.
Meanwhile in healthcare, Galderma, a Swiss maker of dermatology drugs, said its U.S. holding company agreed to pay $420 million for CollaGenex.
Humana Inc.-UnitedHealth Group Inc.
And health insurer Humana said on Monday it agreed to buy UnitedHealth's Medicare advantage business in Las Vegas for $185 million in cash.
SXC Health Solutions Corp.-National Medical Health Card Systems Inc.
And Lisle, Ill.-based pharmacy benefit manager SXC Health Solutions said it is buying Port Washington, N.Y., counterpart National Medical Health Card Systems for $143 million in cash and stock.
- Peter Moreira
