Riley Kennysmith | June 28, 2011 | 461 views | Add a Comment
Categorized under Golden Gate Capital, MySpace, Specific Media

Myspace is currently subject to a lot of rumors, from layoffs to sale, and should be done with their acquisition deal by Thursday. All Things D reports that Specific Media and Golden Gate Capital are the frontrunners in the deal, both with plans to focus on Myspace’s music services. Before the deal finalizes Myspace will likely cut its staff—some say by 50%, maybe more.
Amit Chowdhry | April 26, 2011 | 886 views | 1 Comment
Categorized under Charles Phillips, GGC Software Holdings, Golden Gate Capital, Infor Global Solutions, Lawson Software

GGC Software Holdings will be acquiring Lawson Software, Inc. (NASDAQ:LWSN) for $2 billion. The two companies have announced that Lawson has accepted the acquisition bid today. The acquisition is expected to be closed in the third quarter and the combined company will create one of the largest ERP companies. GGC Software Holdings is connected to Infor and private equity firm Golden Gate Capital. “Lawson is a natural strategic partner for Infor, offering complementary software solutions that will extend our existing portfolio, particularly in areas such as health care, public sector, manufacturing and human capital management,” said Info CEO Charles Phillips. [PCW]
Amit Chowdhry | March 14, 2011 | 585 views | Add a Comment
Categorized under Barclays Private Equity Limited, Golden Gate Capital, Infor Global Solutions, Lawson Software Inc.

Lawson Software, Inc. (NASDAQ:LWSN) has received a $1.8 billion bid from Infor Global Solutions and buyout company Golden Gate Capital. Infor and Golden Gate would pay $11.25 per share, a 2.5% discount from the company’s closing price on Friday of $11.55. Lawson hired Barclays Capital to explore a potential sale, but the board has not agreed whether they want to sell or not yet. Lawson is based in St. Paul, Minnesota and they make ERP software for companies in the retail, health care, and food sectors. The company has a market cap of about $2 billion. The company has $228.1 million of long-term debt as of November 30. Carl Icahn has 8.3% ownership in Lawson. [NY Times]
Amit Chowdhry | November 22, 2010 | 956 views | 1 Comment
Categorized under Attachmate Corporation, Francisco Partners, Golden Gate Capital, Microsoft Corporation, Novell, Thoma Bravo

Novell, Inc. (NASDAQ:NOVL) has entered a definitive merger agreement with Attachmate Corporation. Attachmate will be acquiring Novell at $6.10 per share in cash. The transaction value at that price makes it a $2.2 billion deal. Attachmate is owned by an investment group led by Francisco Partners, Golden Gate Capital, and Thoma Bravo.
