Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Private equity deals

November 9, 2012: 10:27 AM ET

Allscripts Healthcare Solutions Inc. (Nasdaq: MDRX), a Chicago-based electronic health records company, confirmed that it is "exploring strategic alternatives," following interest by private equity firms like The Blackstone Group, The Carlyle Group and Silver Lake Partners. The company now has a market cap of around $2.1 billion. www.allscripts.com

Bruckmann, Rosser, Sherrill & Co. has made a growth equity investment in Not Your Average Joe's Inc., an East Coast casual dining chain. No financial terms were disclosed. Oppenheimer & Co. advised NYAJ on the deal. www.notyouraveragejoes.com

First Reserve Corp. and SK Capital Partners have increased their buyout offer for TPC Group Inc.(Nasdaq: TPCG), a Houston-based specialty chemicals company, to $45 per share (enterprise value of $705.9m). The firms originally offered $40 per share back in August, but Innospec Inc. (Nasdaq: IOSP) then indicated interest at between $44 and $46 per share. www.tpcgrp.com

MBK Partners is considering a purchase of $459 million worth of shares in Woongjin Coway, a listed Malaysian maker of water purifiers, from Lazard Asset Management and Morgan Stanley, according to a local business newspaper. The deal would increase MBK's stake from 31% to 50%.www.mbkpartnerslp.com

Merge Healthcare Inc. (Nasdaq: MRGE), a Chicago-based provider of medical imaging software, is being circled by private equity firms, according to Reuters. Suitors include GTCR, Francisco Partners, Avista Capital Partners, Thma Bravo and Welsh Carson Anderson & Stowe. The company last month hired Allen & Co. to explore strategic alternatives, and currently has a market cap of around $285 million.www.merge.com

Mill Road Capital has agreed to acquire PRT Growing Services Ltd. (TSX: PRT), a Canadian provider of forest seedlings. The deal is valued at approximately C$45.6 million, or C$4.45 per share. www.prt.com
The Riverside Company has acquired MNX, a Singapore-based provider of global transportation and logistics services. No financial terms were disclosed. www.riversidecompany.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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