Buyout beat, week of Dec. 24, 2007

Avista to pay $525M for Bristol-Myers

Avista Capital Partners, a private equity firm, has signed a definitive agreement to acquire Bristol-Myers Squibb Co.’s (NYSE: BMY) Bristol-Myers Squibb Medical Imaging unit for about $525 million of cash proceeds. The medical imaging unit supplies medical imaging products for nuclear and ultrasound cardiovascular diagnostic imaging procedures. The transaction is expected to be completed by the end of January.

Accel-KKR buy iTrade

Accel-KKR, a Menlo Park, Calif.-based private equity firm, has acquired a majority stake in iTradeNetwork Inc., a Pleasanton, Calif.-based provider of on-demand software solutions to the food industry, together with the company’s management and employees. ABRY Partners, a Boston-based private equity firm, will hold the balance of the equity. Financial terms of the transaction were not disclosed.