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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Brady Buys PDC, Maker of Hospital Wristbands

The $300M sale marks a profitable exit for Water Street Healthcare Partners

Brady Corp. (NYSE: BRC) agreed to spend $300 million in cash for Precision Dynamics Corp. (PDC), a maker of identification products for the healthcare sector.

Private equity firm Water Street Healthcare Partners sold the Valencia, Calif.-based target, which manufactures patient wristbands, specialty labels and identification systems used in hospitals when admitting and discharing patients.

Included in the deal are PDC's factories in Tijuana, Mexico and Port Orange, Fla. The company, which also has a European sales office in Nivelles, Belgium, generates annual sales of about $173 million.

Water Street, headquartered in Chicago, invested $75 million in PDC in July 2007 as a means of expanding its market position and banking on the company's developing bar-coding identification wristbands, which have now become a standard in most hospitals.

Brady is a manufacturer of identification products and materials that are used in identifying people. The company, which has a $1.6 billion market capitalization, is based in Milwaukee.

 

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