Tomato Grower Files for Bankruptcy

NEW YORK (Reuters) – EuroFresh Inc., an Arizona grower of tomatoes and cucumbers, filed for bankruptcy protection on Tuesday, partly blaming changes in immigration law for the action that could cost its unsecured creditors millions of dollars. Its largest unsecured creditors include Apollo Investment Management, which holds $76.5 million in notes; Barclays Capital (BARC.L) with […]

Bruckmann Rosser the Latest To Enter Fundraising Purgatory?

Bruckmann Rosser Sherrill & Co.’s third buyout fund may be the latest firm to enter what we’ve been calling “Fundraising Purgatory.” It’s a place where not-yet-aborted funds lay in wait for “market conditions to approve.”

Since neither the firm or Knight Capital, its placement agent, wouldn’t call me back, I can’t be clear, but let’s look at the facts: Bruckmann Rosser entered the market, seeking $600 million, as early as July of 2007. That is 20 months ago. According to a Buyouts report, the fund accumulated $250 million from existing investors, with plans to hold a first close on that sum, in October 2007.

Yet according to regulatory filings, the firm has

ICV Capital Re-Acquires Marshall Retail Group

ICV Capital Partners has re-acquired Marshall Retail Group, an operator of specialty retail stores in casino resort locations. No financial terms were disclosed. ICV originally acquired the company in 2003 from the founding Marshall family, before selling it to Bruckmann, Rosser, Sherrill & Co. in 2005. PRESS RELEASE ICV Capital Partners, LLC (ICV), a private […]

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