Trinity Hunt Partners has sold its stake in Eating Recovery Center. The buyer is Lee Equity Partners, which acquired the holding via a recap. Financial terms were not announced. Denver-based Eating Recovery provides treatment for anorexia, bulimia, EDNOS and binge eating disorder. William Blair & Co. advised Eating Recovery.
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The Edelman Financial Group has announced that the “go shop” period set forth in the previously announced merger agreement has expired. The Edelman Financial Group agreed to sell itself to Lee Equity Partners for $8.85 a share cash in April. PRESS RELEASE The Edelman Financial Group Inc. today announced that the “go shop” period set [...]
Palladium Equity Partners may finally get to exit Taco Bueno after seven years.
This week saw the fewest number of deals so far this year, according to data from Thomson Reuters.
The Edelman Financial Group said Monday that it has agreed to sell itself to Lee Equity Partners for $8.85 a share cash. The offer represents a 43% premium to Edelman’s closing share price of $6.18 Friday. The transaction is expected to close in third quarter. Houston-based Edelman Financial is a wealth management firm. Ric Edelman [...]
A look at the week ahead for venture capital and private equity professionals.
MidCap Financial, a commercial finance company backed by Genstar Capital, Lee Equity Partners, and Moelis Capital Partners, has extended and renegotiated its four primary credit facilities to now exceed $900 million. The company launched in September 2008, and focuses on middle market healthcare finance. The company is based in Bethesda, Maryland.
(Reuters) – Philadelphia-based women’s clothing retailer Deb Shops Inc filed for bankruptcy protection in a Delaware court on Sunday as part of a financial restructuring that involves selling the company to a group of senior lenders. Abelco Finance provided a stalking horse bid; Lee Equity will also receive a stake in the company going forward.
My colleague Alastair Goldfisher took a swing already at the venture capitalists on the Forbes list of the world’s billionaires. Perhaps it’s no surprise there are more dudes from the buyouts world (and way predominantly, these superwealthy folks are of the male persuasion) on this list than there are from VC.
The thing that may be more surprising is that the richest of the rich in the buyouts world, although they swim in the same waters as the fund managers we focus on here, don’t play with the same pools.
Consider, for instance, Warren Buffet, No. 3
When another 17 billionaires joined the campaign by bridge partners Bill Gates and Warren Buffett to commit to give at least half their fortunes away to philanthropy, it got us to wondering about the participation by the dealmakers from our world.
We thought we would share with you those who are participating, and equally interesting, those who are not yet. (Wanna guess which list is longer?)