Ken MacFadyen

Platinum Equity has agreed to sell SourceOne Healthcare Technologies to Merry X-Ray Corp., ending months of speculation over the fate of the company.

A recent splurge in VC investment toward in-game advertising signifies the ongoing development of the video-game ad market. Ken MacFadyen reports.

Chicago-based Code Hennessy & Simmons has engineered a merger between its existing portfolio company Rinker Boat and Godfrey Conveyor.

With tensions already high between Corinthian Capital and Lincolnshire Management, Corinthian has poached another pro from Lincolnshire, hiring James McNair, which was made official earlier this week.

Thomas H. Lee is reportedly leaving the Boston-based LBO firm he founded with plans to raise a rival buyout fund.

General Atlantic has brought in UBS veteran Raul Rai to serve as a principal in its Mumbai office.

Thomas H. Lee Partners has filed a lawsuit against the former Refco management. The complaint could help shift the public’s perception of the firm from Refco insider to a victim of the futures broker’s deceit.

Gryphon Investors has returned roughly 100 percent of its invested equity in Eight O’ Clock Coffee Company. The San Francisco-based firm acquired the business in November 2003, and in the two successive Novembers since, has taken out a dividend through a recapitalisation.

Chicago’s Code Hennessy & Simmons has agreed to a deal with UK soda-can giant Rexam to sell Precise Technology in a $257 million transaction, more than doubling its equity investment.

Citigroup Venture Capital agreed to buy Alcoa’s Southern Graphic Systems unit in a $410m deal.