Sun Capital Partners said Friday that it has completed the sale of Fearman’s Pork to Sofina Foods. Financial terms weren’t announced. Fearman’s operates the largest pork processing plant in Ontario, Canada. PRESS RELEASE Sun Capital Partners, Inc. (“Sun Capital,”) a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced [...]

North Castle Partners, a firm that specializes in buying companies that promote healthy living, is interested in more turnaround deals.

Friendly’s Ice Cream said Wednesday that John Maguire was named CEO. Maguire was most recently EVP and COO of Panera Bread. Friendly’s is a Sun Capital Partners portfolio company. PRESS RELEASE Friendly’s Ice Cream, LLC, the operator of Friendly’s restaurants and a distributor of ice cream products in leading supermarkets, today announced that John M. [...]

Private equity needs to do a better job of communicating its successes, buyout executives said today at the Thomson Reuters PartnerConnect conference in New York.

The firm’s high-risk, high-reward strategy appears to have paid off with its investment in Fluid Routing Systems, which it bought in 2007 and guided through a 2009 bankruptcy.

Sun Capital Parters said Wednesday that it has closed the sale of Del Monte Canada to ConAgra Foods. EG Capital Group also sold its minortiy stake in Del Monte Canada. The sale was announced in January. PRESS RELEASE Sun Capital Partners, Inc. (“Sun Capital,”) a leading private investment firm specializing in leveraged buyouts and investments [...]

When global yarn spinning equipment manufacturers say that the US is the lowest cost producer of open-end cotton yarns in the world, listeners scratch their heads in disbelief. People normally think of textile manufacturing as the domain of low labor cost countries. But, due to low labor requirements of highly automated yarn manufacturing plants, the [...]

Sun Capital Partners is selling Del Monte Canada to ConAgra Foods. An affiliate of EG Capital Group, a New York-based consumer-focused private equity firm, will also sell its minority stake in Del Monte Canada as part of the transaction. PRESS RELEASE Sun Capital Partners, Inc. (“Sun Capital,”) a leading private investment firm specializing in leveraged [...]

Sun Capital Partners has agreed to sell Del Monte Canada, a collection of Canadian food businesses it bought from Kraft Foods Inc. back in 2006, to ConAgra Foods, generating one of the firm’s best returns ever. The sale generated more than 40x Sun Capital’s invested capital, which includes a dividend recapitalization executed in 2009, according [...]

There is some deal news today.

WebMD has called off the auction to sell itself. WebMD’s special committee has ended discussions “with potential acquirers and its process to review a potential sale of the Company,” the healthcare information provider said in a statement Tuesday.

In November, WebMD hired Credit Suisse to advise on the sale, according to press reports. WebMD was in talks with four PE firms, including Kohlberg Kravis Roberts & Co LP and Providence Equity Partners, by December, according to my coworkers at Reuters. It’s unclear why WebMD called off the talks.