Court Backs Subpoenas Of Castle Harlan Over Quick Flip

The battle over perhaps the quickest private equity “quick flip” in history has edged closer to a lawsuit. A federal court on Nov. 17 denied a motion by Castle Harlan Inc. to toss subpoenas that seek documents regarding the firm’s rapid acquisition and sale in July of Norcast Wear Solutions, Buyouts reported earlier. On July […]

Legal Battle Brewing Over Quick Flip

Castle Harlan Inc. vowed July 15 to fight any complaints against it regarding what could be the quickest quick flip in private equity history, Buyouts reported. On July 6 the New York-based buyout firm, co-founded by former Donaldson Lufkin & Jenrette Inc. CEO John Castle, bought Norcast Wear Solutions, a supplier of mill liners and […]

Pala Offers to Buy Rockwell Diamonds

Pala Investments Holdings has offered to acquire Rockwell Diamonds Inc. (TSX: RDI) for $85.7 million or $0.36 per share. Pala already holds a 19.9% stake in Rockwell, which owns interests in alluvial diamond projects and properties in South Africa and the Democratic Republic of Congo. www.pala.com

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