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CCMP Capital Advisors has agreed to invest in Ollie’s Bargain Outlet. Financial terms weren’t announced. The seller is the former Saunders Karp & Megrue, which merged with Apax Partners in 2005. Mark Butler, Ollie’s cofounder, will remain Chairman and CEO. He will also retain a significant ownership position in Ollie’s as the company’s largest individual [...]
Chinese conglomerate Dalian Wanda Group has agreed to buy movie chain AMC Entertainment for $2.6 billion, including debt, writes Reuters. AMC is owned by an investment group that includes Bain Capital, CCMP Capital Advisors and Spectrum Equity Capital. Reuters – Chinese conglomerate Dalian Wanda Group agreed to buy AMC Entertainment for $2.6 billion, including debt, [...]
Specialty boutique retailer Francesca’s Holdings has announced a follow-on offering of 9,000,000 shares of its common stock. The shares are being offered by selling stockholders, which include members of management and directors of Francesca’s Holdings Corporation and affiliates of CCMP Capital Advisors. PRESS RELEASE Francesca’s Holdings Corporation (Nasdaq:FRAN) today announced a follow-on offering of 9,000,000 [...]
CCMP Capital Advisors said Wednesday that Dominique Fournier will become executive advisor to its U.K. affiliate. Fournier will work on industrial investment opportunities for CCMP in Europe and the U.S. Fournier was most recently CEO of Infineum International. PRESS RELEASE CCMP Capital Advisors, LLC today announced that Dominique Fournier has agreed to become an Executive [...]
Francesca’s Holdings Corporation has announced the upsizing and pricing of its follow-on public offering. The size of the offering has been increased from the previously announced 9,000,000 shares of common stock to 10,400,000 shares of common stock at a public offering price of $23.00 per share. Selling stockholders include CCMP Capital Advisors. PRESS RELEASE Francesca’s [...]
U.S. sandwich chain Quiznos, which is struggling with slumping sales and a recent violation of debt terms, is close to a deal to restructure its roughly $870 million of debt, Reuters wrote Thursday, citing the Wall Street Journal. The company is owned by firms CCMP Capital Advisors and Consumer Capital Partners. However, as part of the tentative deal, hedge fund Avenue Capital would convert its debt to equity and invest cash in Quiznos, giving Avenue more than a 70% ownership stake in the chain, Reuters wrote.
Investment firms are being spun out of banks left and right—some, to keep companies in compliance with the new requirements imposed on banks via Dodd-Frank. peHUB has been tracking some of the spin-outs seeking capital, and some others, that have not yet needed to fundraise—but soon, might. While the fundraising market has been generous to some private equity firms, other PE shops could face difficulty bringing in capital absent of their big-brother LPs. Only time will tell….
CCMP Capital Advisors is buying 80% of Medpace via a recap. Management will own the rest, according to a statement Monday. News of the deal was reported by peHUB last week. The transaction is valued at roughly $500 million, a person said. Cincinnati-based Medpace is a CRO that provides Phase I-IV core development services for drug, biologic, and device programs.
The Blackstone Group is suing Vinod Gupta, the founder of business-to-business marketing company infoUSA, for $6.8 million, Reuters reported, citing a complaint filed with a New York state court. According to the complaint, Blackstone says Gupta owes the money as an advisory fee, even after the $463 million takeover of his company last July by private equity firm CCMP Capital Advisors, Reuters wrote.