Lindsay Goldberg Invests in Value Place

Value Place said Tuesday that it has secured a $100 million capital investment from Lindsay Goldberg. The transaction was finalized on Dec. 27. Value Plan, a short -term residential property franchisor, will use the funds, plus successive investments, to add at least 50 new company locations while continuing to expand its current franchise base.

Lindsay Goldberg Expands JV with Odfjell

Odfjell, the tank storage company, is expanding its joint venture with Lindsay Goldberg to include substantially all of the company’s tank terminals business globally. The PE firm will acquire a 49% interest in Odfjell Terminals BV, which is the holding company for all of Odfjell’s tank terminals activities and Lindsay Goldberg will ”contribute its 49% share of the existing joint venture as well as a cash contribution to OTBV of approximately USD 226 million,” according to a statement.

Will First American Payment Finally Find a Buyer?

First American Payment, which is backed by Lindsay Goldberg, is reportedly up for sale. The payment processor produces about $80 million EBITDA and is looking to sell for 9x, Reuters says. First American last tried to sell itself in 2010, when several PE firms abandoned the auction.

NuStar Energy and Lindsay Goldberg in J-V

NuStar Energy has entered into a purchase and sale agreement with an affiliate of Lindsay Goldberg, a private investment firm, to create a joint venture that will own and operate NuStar’s asphalt refining assets and related working capital. NuStar and Lindsay Goldberg will each have a 50% voting interest in the joint venture and Lindsay […]

PetroLogistics Unveils IPO Pricing Expectations

PetroLogistics, a producer of propylene from propane, expects its initial public offering of 35 million shares to be priced between $19 and $21 a share, according to Reuters. The Houston-based company is majority-owned by private equity firm Lindsay Goldberg and investment firm York Capital. Reuters – PetroLogistics LP, which produces propylene from propane, said it […]

Lindsay Goldberg Acquires German Plastics Business

US-based private equity investor Lindsay Goldberg has acquired Weener Plastik AG, a German-headquartered manufacturer of plastic packaging. International investment banking firm Livingstone acted as exclusive financial advisor to the shareholder families of Weener. PRESS RELEASE Livingstone, the leading independent, international investment banking firm, is pleased to announce the recent sale of WEENER Plastik AG (“Weener” […]

PE Loses Out to Strategics in Water Deal

M&A, in the third quarter, is shaping up to be as tough as 2009, according to a story in the Wall Street Journal.

One deal is showing how PE firms continue to be outbid by cash-rich strategics.

In early September, ITT Corp. closed its buy of YSI (the deal was announced in July). Yellow Springs, Ohio-based YSI develops and makes sensors, instruments, software and data collection platforms used for environmental water monitoring. The company has about $300 million in annual revenue.

PE Firms Reach Second Round for SLV Group

Four buyout shops remain in the running for SLV Group, a German lighting business owned by HgCapital, Reuters said. A sale of the company could fetch more than 400 million euros ($562 million), Reuters estimated. European investment firms BC Partners, Charterhouse and Cinven are all in the second round of the auction. U.S. firm Lindsay Goldberg also remains in the running.

Reuters: Bidders Eye HgCapital’s SLV Group

LONDON, March 24 (Reuters) – Four private equity firms remain in the hunt for SLV Group, the German lighting business owned by HgCapital which could fetch more 400 million euros ($562 million), people familiar with the matter said. European buyout houses BC Partners, Charterhouse and Cinven are all in the second round of the auction […]

Lockheed Sells Pacific Architects & Engineers

Lockheed Martin Corp. is selling the Pacific Architects and Engineers Inc. military services business to private equity firm Lindsay Goldberg, Reuters reported. Financial terms of the deal were not disclosed. The deal is expected to close during the second quarter. Lockheed acquired PAE in 2006. The business unit provides services in mission readiness, peacekeeping and disaster relief activities, Reuters said.

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