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Midweek M&A Madness

It’s summer slowdown season, and M&A bankers are feeling the fizzle. Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline.

Our sources are various news reports and the Buyouts “Seeking Buyers” list.

For prior lists, see below, and send any additions my way.

PBM Products, a maker of private-label baby foods, is seeking to arrange for a buyout or partial sale of the company. The company, based in Gordonsville, Va., could garner as much as $1 billion. Jefferies & Co. is advising the company. (Read more)

Good Times Restaurants Inc. (Nasdaq SmallCap: GTIM), a quick service restaurant chain based in Colorado, hired Mastodon Ventures, Inc. to provide strategic advisory services as it explores strategic alternatives.

Bankrupt Metaldyne, based in Plymouth, Mich., is seeking a buyer for its Tubular Products Business, its Balance Shaft Module Business, and its Chassis operations. Revstone Industries LLC has been named the stalking horse bidder for the latter; Hephaestus Holdings has been named the stalking horse bidder for the Tubular Products and Balance Shaft Module businesses.

The auction for the Travel Channel, run by Goldman Sachs, has received bids from Scripps Networks Interactive and General Electric Co’s NBC Universal. (Read more)

Tremont Group Holdings, a firm which operated Madoff feeder funds, has retained bank Duff & Phelps to run an auction for remaining hedge fund assets in the coming weeks. (Read more)

Bankrupt Ssangyong Motor Corp., a car manufacturer based in Korea, will seek buyers.

Northrop Grumman Corp has hired Goldman Sachs and Credit Suisse to sell its TASC unit, which advises government military agencies. The deal expects bids from buyout firms and could fetch up to $2 billion. (Read more)

The Hollywood movie studio industry is ripe for consolidation, according to Reuters. Potential targets include Viacom Inc’s Paramount Studios, which is in talks with several strategic buyers, DreamWorks Animation, which is reported to be in talks with Time Warner, and Sony Pictures and PE-backed Metro-Goldwyn-Mayer, which yesterday replaced its CEO. Meanwhile Carl Icahn has been rumoured to be buying MGM debt to force a merger of MGM and Lions Gate. (Read more)

Condo lender Corus Bank has received bids from Colony Capital, Lubert-Adler Partners and Starwood Capital.

Turquoise, the pan-European equity trading venture backed by nine of the world’s biggest investment banks, hired UBS AG to develop options for its future including seeking potential buyers. (Read more)

Ukrop’s, a grocery store based in Richmond, Va., is in the midst of a sale process and has received a bid from a private equity firm, according to reports.

Tegal Corp. has retained Cowen & Co. to advise it on strategic alternatives.

Bankrupt Thornburg Mortgage hired Houlihan Lokey Howard & Zukin to sell its Adfitech Inc. unit, a provider of outsourced audit services to the mortgage industry based in Edmond, Okla.

Bankrupt Applied Solar Inc., a San Diego, Calif., maker of renewable energy products, is seeking a buyer for the company.

Appleton Supply is seeking a buyer for subsidiary C&H Packaging Co. Inc., a Merrill, Wisc., provider of package design services.

Cooper- Standard Holdings, a Novi, Mich.-based maker of motor vehicles and parts, is seeking a buyer for the company. The company was a portfolio company of The Cypress Group and Goldman Sachs.

Covenant at South Hills, a bankrupt retirement community operator based in Pittsburgh, Penn., is seeking a buyer for the company. Lifecare of the South Hills LLC was named potential bidder.

Finlay Enterprises, a bankrupt New York-based jewelry retailer, is seeking a buyer for the company.

General Growth Partners, which filed for bankruptcy protection last year, continues to seek buyers for several of its properties.

Mountain View Inn, a hotel operator based in Greensburg, Penn., is seeking a buyer.

Omnicare Inc., a Covington, Ken.-based pharmaceutical maker, is seeking a buyer for its home health care and related ancillary business units.

Bankrupt ProtoStar Satellite Systems, based in San Francisco, is seeking a buyer.

HIG Capital is seeking a buyer for bankrupt Stant Corp., an auto parts business based in Connersville, Indiana. The company retained Mesirow Financial Corp. to advise it on the sale.

Bankrupt Station Casinos is seeking a buyer.

Bankrupt Tarragon Corp., a New York-based real estate development firm, is seeking a buyer.

Times Publishing Co. has hired Jordan Edmiston Group to advise it on the sale of the company’s governing unit, a Washington, D.C.-based provider of news and information for government officials.

Previous weeks: Midweek M&A Madness August 12,
Midweek M&A Madness August 6,
Midweek M&A Madness July 29,
Midweek M&A Madness July 22,
Midweek M&A Madness July 16,
Midweek Madness June 18,
Midweek Madness June 10,
Midweek M&A Madness May 28,
Midweek M&A Madness May 27,
Midweek M&A Madness May 13,
Midweek M&A Madness May 5