398 Views

MidOcean backs Nutrabolt

MidOcean has acquired a “significant” minority stake in Nutrabolt (formerly named Woodbolt Distribution). No financial terms were disclosed. Houlihan Lokey advised Nutrabolt on the transaction. Headquartered in Bryan, Texas, Nutrabolt is a provider of sports nutrition products.

Bahrain’s Investcorp to acquire Totes Isotoner Corp – Reuters

Bahrain-based alternative investment fund Investcorp said it had agreed to acquire U.S.-based accessories brand Totes Isotoner Corp in partnership with private equity firm Freeman Spogli & Co, writes Reuters. No terms were disclosed for the purchase from MidOcean Partners and Bruckmann, Rosser, Sherrill & Co.

MidOcean Partners to Acquire EDAC Technologies

MidOcean Partners has made a proposal to the board of directors of EDAC Technologies Corporation to acquire all of the outstanding shares of EDAC for $18.25 per share in cash. The proposal, which is being made jointly with a large North American pension plan investment manager, is not subject to a financing condition.

MidOcean Buys Agilex from Nautic

MidOcean Partners has acquired a majority stake in Agilex Flavors & Fragrances. Financial terms weren’t announced. The seller was Nautic Partners. Piscataway, N.J.-based Agilex provides fragrance compounds and delivery systems sold primarily to manufacturers of air care, personal care, industrial and institutional and household products. Fidus Partners provided financial advice to Agilex.

MidOcean and Crestview Sell OneLink

MidOcean Partners and Crestview Partners are to sell OneLink Communications for an enterprise value of $585.25 million. Liberty Global and Searchlight Capital Partners will be acquiring the business which provides cable TV, high-speed data and telephony services in Puerto Rico. MidOcean and Crestview, together with co-investors and management, acquired OneLink in October 2005 from Adelphia […]

Fairway Outdoor Merged with Olympus Media

ACON Investments and MidOcean Partners have merged portfolio companies, Fairway Outdoor Advertising and Olympus Media. Financial terms were not announced. The combined company, Fairway Media Group, of Greenville, S.C., has more than 21,300 bulletin and poster displays in 17 states across the Southeast and Midwest. PRESS RELEASE ACON Investments and MidOcean Partners announced today that […]

Exit Breathes Life Into NY Shop

Executives at Fenway Partners are confident that a successful sale of 1-800 Contacts Inc. could put the beleaguered buyout shop in a position to raise another fund next year, Buyouts reported yesterday, citing two sources. The New York-based firm announced on June 4 it had agreed to sell the retailer of contact lenses and glasses […]

MidOcean Partners’ Bushnell to Acquire Hunting Products Co

MidOcean Partners portfolio company Bushnell Outdoor Products is to acquire Primos Hunting of Flora, Miss. Terms of the transaction were undisclosed. Kansas-based Bushnell is a manufacturer of sports optics, premium eyewear, and outdoor accessories. Primos is a supplier of products to the hunting industry. Its product line includes blinds, scent eliminators, game scents and attractants, […]

Penton Media Recruits CEO

Penton Media, a business to business media company providing content, insight and marketing to 17 industry sectors, has appointed David Kieselstein, previously CEO of TNS North America, as Penton Media CEO. He will also join the Penton board of directors. Kieselstein will be based in New York. Penton is owned by MidOcean Partners and US […]

MidOcean Partners Buys Jones & Frank

Buyout firm MidOcean Partners has acquired a majority stake in Jones & Frank, a provider of equipment distributor and repair, maintenance, and installation services provider to the fueling infrastructure industry. Terms of the deal were not released. Jones & Frank is based in Raleigh, N.C.

Knowlton, ex-Watch Hill Founder, Launches Three Ocean Partners

Three Ocean Partners, the latest investment banking boutique from David Knowlton, officially launched yesterday although it already has several assignments.

The New York IB will advise on M&A, corporate finance solutions, restructurings and financings. Three Ocean, like its larger rivals Harris Williams and Moelis & Co. , will not have a lending, trading or research arm.

However, the IB will have a merchant banking division that will allow the firm to co-invest alongside clients. Three Ocean will split its practice between private equity and corporate sponsors, says Knowlton, who is managing partner. The IB will focus on consumer products, retail, luxury consumer, industrial, business services, FIG and media, he says.

107 Views

Sbarro Emerges from Chapter 11 Without MidOcean or Ares

Sbarro, which is no longer backed by MidOcean Partners, has successfully come out of bankruptcy.

Late Monday, the quick service restaurant said it had emerged from Chapter 11 with significantly reduced debt and a $35 million capital infusion. “Our reorganization plan eliminates more than 70 percent of our debt, and provides access to $35 million in fresh capital from our new ownership group,” said Nicholas McGrane, Sbarro’s interim president and CEO, in a statement.

MidOcean Partners Announces Acquisition Of Global Knowledge Training

The New York-based private equity firm MidOcean Partners has acquired Global Knowledge, a Cary, N.C.-based company that annually provides business training to more than 250,000 people within companies and government organizations via training centers and the Internet. Terms of the deal were not disclosed. PRESS RELEASE: MidOcean Partners (“MidOcean”), a leading private equity firm, announced […]

Slideshow: Restaurant Bankruptcies Make PE Queasy

Two restaurant companies owned by Sun Capital Partners Inc. recently filed for bankruptcy, highlighting the risks for the many sponsors that have bought into the cyclical sector in recent months, Buyouts reports in its upcoming issue. Friendly’s Ice Cream Corp. and Real Mex Restaurants Inc. filed for bankruptcy within days of each other, citing a […]

Pizza Chain Sbarro Can Moves on Sale Attempt

Pizza chain Sbarro Inc. has reached an agreement with creditors allowing it to attempt to sell itself out of bankruptcy, Reuters reported. The company is slated to seek court approval for its plans on September 26. Lenders include MidOcean Partners III LP and Ares Corporate Opportunities Fund II LP.

MidOcean’s Bushnell Outdoor Strikes Night Optics USA Deal

MidOcean Partners, the Kansas private equity firm that runs Bushnell Outdoor Products, a maker of eyewear and outdoor accessories, bought California-based Night Optics USA, which makes night vision and thermal technologies products. Night Optics USA was represented by Mergers & Business Acquisitions, Inc.

PEHUB Community

Join the 12501 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget