RedPrairie to Be Acquired by New Mountain Capital

Red Prairie Holding, Inc., a productivity solutions provider, announced today that it has entered into a definitive agreement to be acquired by a fund affiliated with New Mountain Capital, L.L.C., a leading private equity firm. This acquisition will enable RedPrairie to accelerate its already rapid growth rate while enhancing its commitment to customer success.

“Our objective is to be the leading provider of productivity solutions for manufacturers, distributors and retailers,” says Mike Mayoras, RedPrairie CEO. “Our relationship with New Mountain Capital will allow us to reach our strategic goals quickly, efficiently and with certainty. [Read the full article]

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Mexican building supplies giant Cemex SAB de CV said Monday that a joint venture in which it has a 49.9 percent stake has completed the sale of 12 active quarries in the United States and other assets for $420 million.

The operations include two granite quarries in Georgia and 10 limestone quarries — nine in Tennessee and one in Virginia.

Cemex said its joint venture partner Ready Mix USA LLC has been operating the quarires and both companies considered them non-strategic.

A portion of the funds from the sale will be used to reduce Ready Mix’s debt and to pay $100 million each to the two joint venture partners.

Cemex will use some of the funds to reduce debt. The Mexican company has been taking steps to improve its cash levels and debt structure, including refinancing $15 billion of debt and raising about $2.3 billion in new debt. Cemex also has sold $2.2 billion in stock and convertible securities. [Read the full article]

One to One Interactive, Inc. (OTO), a Boston-based digital marketing firm recently ranked by Inc. Magazine as one of the fastest growing private companies in America, announced today a definitive agreement to acquire fhios, with operations in the UK, Singapore, and Brazil.

The merger expands One to One Interactive’s comprehensive suite of digital marketing products and services by incorporating fhios’ user experience, research, and design practice with OTOinsights and its patent-pending Neuromarketing research platform, Quantemo.

The move represents the fifth time OTO has grown through a merger or acquisition, a strategy the company embarked on beginning in 2005. The addition of fhios provides OTO with expanded UK/European presence while adding new offices in Brazil and Singapore. [Read the full article]

Fried, Frank, Harris, Shriver & Jacobson LLP announced today that Steve Epstein has joined the Firm as a partner in the mergers and acquisitions practice group resident in New York.  He joins the Firm from O’Melveny & Myers LLP, where he was a partner in the mergers & acquisitions group.

Mr. Epstein has a diverse transactional practice which includes strategic M&A and private equity transactions.  He has represented both public and private companies, investment banking firms and financial sponsors in connection with mergers, acquisitions, divestitures, takeover preparedness, and corporate governance matters.  He also has significant experience in unsolicited M&A transactions, representing clients in both offensive and defensive situations.  

“We are delighted to welcome Steve to the Firm. [Read the full article]

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