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Yearly Archives: 2013
For this last Monday of 2013, we have healthcare problems smartphone users can suffer from, one-third of U.S. women use Pinterest and a reporter asks Browns owner Jimmy Haslam if the team is run by the three stooges.
Restaurant chain Cracker Barrel Old Country Store Inc has rejected activist investor and top shareholder Sardar Biglari's demand to sell itself, Reuters reported.
According to Fortune, Blue Heron Capital has raised $16 million for its debut fund. The target is $50 million. Based in Richmond, Virginia, Blue Heron Capital is a private equity firm focused on growth equity and lower market buyouts.
Insight Venture Partners has bought a "substantial" stake in Planview. No financial terms were disclosed. Lazard advised Planview on the transaction. In conjunction with the funding, Greg Gilmore has been named president and CEO of Planview. Also, Larry Handen, Peter Sobiloff and Hilary Gosher, managing directors at Insight Venture Partners, will join the firm's board of directors. Based in Austin, Texas, Planview is a provider of portfolio and resource management software.
French IT services company Atos has hired Deutsche Bank and BNP Paribas to advise it about a takeover of Nets, Europe's second-largest card payment services company, daily business paper Borsen said on Monday.
Back to Nature Foods Company, a portfolio company of Brynwood Partners, said Monday that it has bought SnackWell from Mondelez Global. No financial terms were disclosed. Snackwell is a provider of snacks and cookies.
Bain Capital has agreed to buy a majority stake in Bob’s Discount Furniture. No financial terms were disclosed for the transaction, which is expected to close in the first quarter of 2014. Headquartered in Manchester, Conn., Bob's Discount Furniture is a retailer of low-cost furnishings. BofA Merrill Lynch is advising Bob's Discount Furniture on the deal. RBC and UBS are providing financing for the transaction. Bob's Discount Furniture was owned by private equity firms KarpReilly and Apax.
Private equity firms continued to take advantage of the strong market for initial public offerings in 2013.
Israeli fashion chain Fox-Weizel Ltd said on Monday it has been approached by private equity firm Apax Partners regarding an investment in the company.
Brynwood Partners has agreed to sell DeMet's Candy Company for $221 million to Yildiz Holdings, owner of Godiva chocolate brands. The deal is expected to close in 2014. Brynwood acquired the brands that eventually comprised DeMet's from Nestlé USA in separate transactions starting in 2007. After the deal closes, DeMet's chief executive officer Peter Wilson will join Brynwood.