Iris Dorbian
Atlas Holdings LLC has sold the assets of Forest Resources, a maker of industrial paper and packaging productions, in two separate deals. New-Indy Containerboard has acquired Forest's U.S. based businesses, which include Hartford City Paper while PaperWorks Industries Inc has acquired Forest Resources' Canadian subsidiary CanAmPac ULC. No financial terms were disclosed. Houlihan Lokey provided financial advice to Forest Resources LLC on the transactions.
FSN Capital has agreed to sell Danish brick house retailer HusCompagniet to EQT. No financial terms were disclosed. FIH Partners, Accura and Deloitte advised FSN on the transaction.
First Read ushers in your morning with news that Hewlett-Packard formally files plan to split up, PayPal said it will acquire Xoom for $890 million and Fannie Mae and Freddie Mac CEOs to get $3.4 million raises despite White House objections. Have a happy July 4th!
In Second Opinion, the Justice Department is probing a possible airline collusion to keep fares high. ACE agrees to buy Chubb for $28.3 billion, and following NBC Universal's lead, Macy's also drop-kicks Donald Trump.
Trive Capital has made an undisclosed investment in Architectural Granite & Marble Ltd. No financial terms were disclosed. Headquartered in Spicewood, Texas, AG&M is a provider of natural stone, engineered stone, and related products used in residential construction, commercial construction and remodeling.
Apposite Capital has sold Cancer Partners UK to GenesisCare. No financial terms were disclosed. Rothschild provided financial advice to Apposite on the transaction. Cancer Partners UK is a network of cancer treatment centers in the UK.
Homestead Capital, a private investment firm with offices in San Francisco and Council Bluffs, Iowa, has closed its inaugural USA farmland fund at $173 mln. This figure falls short of the pool's original $225 mln target, as previously cited in an SEC Form D filing.
TSG Consumer Partners LLC has acquired Backcountry.com LLC from Liberty Interactive Corp. No financial terms were disclosed. Guggenheim Securities LLC provided financial advice to Liberty and Backcountry on the transaction. Utah-based Backcountry is an online retailer of outdoor gear and apparel.
Eureka Growth Capital has sold Stamford, Connecticut-based Campus Televideo, a provider of cable television and related services for the college and university sector, to an unnamed strategic buyer. No financial terms were disclosed. Eureka orginally acquired a controlling stake in CTV via a recapitalization in November 2010.
Bedford, Massachusetts-based ConforMIS, a medical device company that makes joint replacement implants, has raised $135 million for its IPO after pricing its 9 million shares at $15 per share. The stock began trading Wednesday on the NASDAQ under the ticker symbol "CFMS." J.P. Morgan and Deutsche Bank Securities are the lead underwriters. The company's backers included AGC Equity Partners and Axel Johnson.