VSS sues ex-staffers who left for Riverside to start credit arm

By Staff Report — 5 years ago

Veronis Suhler Stevenson has fired back against a group of former employees who left to work for another buyout shop, filing a lawsuit accusing them of breach of contract, violations of their duties of loyalty and fiduciary duties, and demanding $10 million in exemplary damages in addition to clawbacks of salary and carried interest.

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UK retailer Cath Kidston hires UBS to consider options

By Staff Report — 5 years ago

British fashion and accessories retailer Cath Kidston and its private equity majority owner TA Associates have hired investment bank UBS to consider the firm’s strategic options which could include a sale or partial sale of the business, sister news service Reuters reported.

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Tomkins taps BofA, Goldman, Morgan Stanley to lead IPO

By Staff Report — 5 years ago

Tomkins Plc, a private equity-owned manufacturer of auto parts and building products, has hired Bank of America Merrill Lynch, Goldman Sachs Group and Morgan Stanley to lead an initial public offering that could value the company at as much as $7 billion, people familiar with the matter told sister news service Reuters.

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Thomas H. Lee in talks to buy Phillips Pet Food

By Larry Aragon — 5 years ago

Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire Phillips Pet Food & Supplies in a deal that could value the pet food distribution company at more than $500 million, according to three people familiar with the matter.

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Buyout firms jostle for John Hardy in jewelery M&A boom

By Larry Aragon — 5 years ago

Jeweler John Hardy is attracting bid interest from a string of U.S. private equity firms, sources close to the matter said, the latest potential deal in a sector outpacing the broader luxury industry thanks in part to financially independent Asian women, sister news service Reuters reported.

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Danaher, Blackstone in joint bid for Ashland water unit

By Larry Aragon — 5 years ago

Industrial conglomerate Danaher Corp and private equity firm Blackstone Group LP are pursuing a joint bid for chemicals manufacturer Ashland Inc’s water technologies unit, two people familiar with the matter said on Tuesday, in a deal that could top $1.5 billion, sister news service Reuters reported.

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Sycamore, Crescendo-backed Aeropostale adopts poison pill

By Larry Aragon — 5 years ago

Struggling teen clothing retailer Aeropostale Inc, which has shareholders including private equity firms Crescendo Partners and Sycamore Partners Management, has adopted a poison pill that would be triggered if a stockholder buys 10 percent of the company, sister news service Reuters reported.

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PE-backed groups vie for IMG as KKR exits

By Staff Report — 5 years ago

The buyout firms bidding for talent agency IMG Worldwide Inc have all secured partnerships with other companies in the sector after KKR & Co LP exited an auction seen fetching more than $2 billion, according to people familiar with the matter, sister news service Reuters reported.

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