The Carlyle Group has sold its 66.64 percent holding in Personal & Informatik AG, a listed German provider of human resources software and services to small and mid-sized businesses. The shares were sold to 35 institutional investors in Europe and the U.S. through a book-building process managed by Berenberg Bank.
MedAssets Inc., an Alpharetta, Ga.-based provider of software to improve operating margin and cashflow for hospitals and health systems, has filed for a $230 million IPO. It plans to trade on the Nasdaq under ticker symbol MDAS, with Morgan Stanley and Lehman Brothers serving as co-lead underwriters. MedAssets shareholders include Galen Partners (23.2 percent pre-IPO stake), Parthenon Capital (18.6 percent) and Grotech Capital Group.
Tensar Corp., an Atlanta-based construction services company, has filed for a $201.25 million IPO. It plans to trade on the NYSE under ticker symbol TXC, with Lehman Brothers, Credit Suisse and Merrill Lynch serving as co-lead underwriters. Tensar shareholders include Arcapita (86.3 percent), Electra Private Equity (6.3 percent) and KRG Capital Partners. Tensar offers nontraditional products and technologies for projects like high-performance roadways, earth retention structures, building foundations and erosion control.
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