Posted on: October 26, 2009 by PEHub AdministratorNo Comments »
Builders FirstSource Inc. (Nasdaq: BLDR), a residential construction company, has agreed to a recapitalization that would include a $205 million common stock rights offering and debt exchange. The offering would be backstopped by existing shareholders JLL Partners and Warburg Pincus, which hold a combined 49.9% stake.
Posted on: September 25, 2009 by PEHub AdministratorNo Comments »
JLL Partners and Warburg Pincus are facing an investor lawsuit in opposition to their plan to recapitalize Builders FirstSource Inc. (Nasdaq: BLDR). The two firms currently hold a combined 49.9% stake in the residential construction company, and have agreed to both a $75 million rights offering at $2 per share and a debt-for-equity swap. The suit claims the recap would not be in the best interest of the company or its other shareholders.
Posted on: September 1, 2009 by PEHub AdministratorNo Comments »
NEW YORK (Reuters) – Two large private equity investors in Builders FirstSource Inc (BLDR.O) on Tuesday unveiled a plan to recapitalize the money-losing provider of residential construction products, saying changes are needed to position it for a housing market recovery. Funds run by JLL Partners Inc and Warburg Pincus, which together own 49.9 percent of [...]
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