Platinum Equity Closes Sale of BWAY

Platinum Equity has completed its $1.24 billion buy of BWAY Parent Co. The seller was Madison Dearborn Partners. Goldman, Sachs & Co., Barclays and Deutsche Bank Securities provided financial advice to BWAY. Bookrunners for debt financing were Bank of America Merrill Lynch, Deutsche Bank and Goldman Sachs. Atlanta-based BWAY makes paint and aerosol cans as well as steel open and tight-headed pails.

Madison Dearborn Makes Nearly 2x Their Money on BWAY

It only took two years for Madison Dearborn Partners to nearly double its money on BWAY Parent Co.
Platinum Equity said earlier this week that it agreed to buy BWAY, an Atlanta packaging company, for $1.24 billion. The sale is expected to close in fourth quarter.

Campbell Soup Closes Bolthouse Buy

Campbell Soup Co. has completed its buy of Bolthouse Farms in a deal valued at $1.55 billion cash. The seller was Madison Dearborn Partners. Bakersfield, Calif.-based Bolthouse is a food and beverage company/ PRESS RELEASE Campbell Soup Company (NYSE:CPB) today announced it has completed the acquisition of Bolthouse Farms from a fund managed by Madison […]

Madison Dearborn to Buy Schrader Unit from Tomkins for $505 Mln

Tomkins, which is backed by Onex Corp. and Canada Pension Plan Investment Board, has agreed to sell its Schrader division to Madison Dearborn Partners. The sale price is $505 million cash, plus a small minority equity interest in the parent of the purchasing company. The deal is expected to close in the second quarter. Schrader […]

Crown Castle Buys NextG Networks

Crown Castle International Corp. will buy privately held NextG Networks Inc. for about $1 billion, Reuters reported. NextG, which is owned by a group of investors led by Madison Dearborn Partners, operates thousands of distributed antenna systems in major U.S. cities including New York and Chicago, Reuters wrote. Crown Castle is a publicly traded wireless tower company.

Slideshow: Top 10 PE-Backed Companies Waiting To Go Public

Did broad market volatility last week slam shut the IPO window?

It’s not really clear. IPOs, in August, typically fall into a lull as much of Wall Street goes on vacation. Fourth quarter is usually the strongest time for new offerings. But August has been very slow. Eleven IPOs were pulled last week due to poor market conditions. Of these, four were PE-backed, according to Dealogic.

Carbonite, last week, succeeded in going public (shares of the company rose nearly 24%). Including Carbointe, only three deals have priced this month (SandRidge Permian Trust and American Capital Mortgage Investment Corp. are the other two). Only one other deal is on deck for August, Dealogic says.

It’s not clear what will happen to companies waiting to go pubic. There are 54 private equity-backed companies that have filed for IPOs this year, worth a combined $12.54 billion, Dealogic says. Last year at this time, we also had 54 PE-backed companies that registered for an offering, raising a combined $15.8 billion. This included HCA’s $3.5 billion deal.

The IPO window will likely open back up but it’s not clear what companies will be able to go pubilc. Of course, just because a company files for an IPO doesn’t necessarily mean it will go public. Many times, companies file and just sit in registration as they wait for the perfect time to IPO. Or, as they wait, they get sold.

Here’s a list of the top 10 PE-backed IPO’s that are currently in registration, according to Dealogic.

2011 A Big Year For Madison Dearborn?

2011 could prove to be a critical year for Madison Dearborn Partners. The Chicago-based shop has taken some lumps in recent years for reaching too far on big deals during the buyout boom and subsequently struggling to raise its sixth buyout fund. And its previous fund, a 2006 vintage, has a lot to prove, according […]

Televisa Investment Good for Univision and “Sabado Gigante”

As someone who grew up watching “Sabado Gigante,” I was amazed (and happy!) when Televisa announced it would invest $1.2 billion in Univision.

The two broadcasters have been bitter rivals for forever it seems. Televisa, with the deal, gets a 5% stake in Univision as well as debt that is convertible into another 30%. On Wednesday, Standard & Poor’s placed Univision’s “B-” rating on creditwatch with positive implications. The Televisa deal improves Univision’s financial flexibility and resolves uncertainty regarding Univision’s programming license with Televisa, its main program supplier, S&P said.

Madison Dearborn Buys Fieldglass In $220 Million Deal

Madison Dearborn Partners has bought a majority stake of Fieldglass. Company management, including founder and CEO Jai Shekhawat, will hold a significant stake. The deal is valued at more than $220 million. Fieldglass, of Chicago, provides software that helps companies manage their workforce. Madison Dearborn Partners, also of Chicago, is a buyout shop.

Son of Madison Dearborn Chairman Opens Supermarket

The son of John Canning, Madison Dearborn Partner’s chairman, has started a high-end supermarket in the Chicagoland area, according to the Chicago Tribune.

Tim Canning has opened Lemon Tree Grocer in Downers Grove, Ill. Canning and his partner, Shaun Black, own most of the business, which cost more than $1 million to launch, the Tribune said. Michael’s Fresh Market owns a small stake as does an unnamed investor group. His father does not own a stake, the report said.

Lemon Tree offers items like grilled turkey meatloaf, sushi and made-to-order salads, sandwiches and wraps.

Global PE Fundraising Drops in Second Quarter

Private equity fundraising is tough right now. Globally, PE firms raised $41.3 billion in second quarter, the lowest total since 2003, according to data from Preqin. The second quarter results are also down 55% from the $92 billion amassed by PE firms in second 2009. The number of firms marketing has also dropped. There are […]

BWAY Shareholders Approve Madison Dearborn Buyout

BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers, said that its shareholders have approved a $20 per share buyout offer from Madison Dearborn Capital Partners. The deal values BWAY at approximately $915 million (including assumed debt). Bank of America Merrill Lynch and Deutsche Bank Securities will provide leveraged financing.

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