Thoma Bravo is selling portfolio company SonicWALL Inc. to Dell Inc. for an undisclosed amount. No terms were released. SonicWALL is a provider of IT security and data backup and recovery technology. Thoma Bravo led an investor group that includes Ontario Teachers’ Pension Plan in the 2010 acquisition of SonicWALL, formerly a public company. PRESS […]
Apollo Global Management is paying about $703 million, including debt, to buy the operator of indoor water park resorts Great Wolf Resorts, Reuters wrote Monday. The $5 a share offer is a 19% premium to Great Wolf’s Monday closing price. (Reuters) – Private equity firm Apollo Global Management (APO.N) said its affiliate will buy the […]
Palm Beach Gardens, Florida-based TBC Corp. is taking aftermarket auto repair chain Midas Inc. private in a $173 million cash deal, Reuters reported Tuesday. TBC’s offer of $11.50 per share represents a 28 percent premium to the stock’s closing price of $8.99 on Monday. (Reuters) – Midas Inc., an auto aftermarket repair chain, said it […]
Athens, Greece-based Safe Bulkers, an international provider of marine drybulk transportation services, is planning an IPO. The company plans to use the net proceeds of the listing for vessel acquisitions, capital expenditures and for other corporate purposes, which may include repayment of indebtedness. PRESS RELEASE Safe Bulkers, Inc. (the “Company”) SB -7.97% , an international […]
Sverica International has invested in Bartech Group. Financial terms weren’t announced. Bartech is a professional services firm that provides workforce solutions to global firms. David W. Barfield was also named president, CEO and Chairman of Bartech’s board of directors. He succeeds Jon Barfield. PRESS RELEASE Michigan-based Bartech Group (Bartech) announced Friday it has received an investment […]
SafeNet, which is backed by Vector Capital, has acquired Cryptocard. Financial terms weren’t announced. Cryptocard provides cloud-based authentication solutions. PRESS RELEASE In a transaction that will significantly broaden and deepen the authentication and cloud-based services it offers to clients, SafeNet, today announced that it has acquired Cryptocard, a privately held leader of cloud based authentication […]
S.A. La Nación has reached an agreement to buy a majority of impreMedia, publisher of La Opinión, El Diario and Vista. Financial terms weren’t announced. Clarity Partners owned a controlling stake in ImpreMedia. PRESS RELEASE impreMedia announced today that US Hispanic Media Inc. (USHM), a subsidiary of S.A. La Nación, has reached an agreement to […]
Buyout firm CVC Capital Partners said German chemicals maker Evonik, in which it holds a stake, could be taken public by the end of June, Reuters reported Monday. (Reuters) – Buyout firm CVC said German chemicals maker Evonik in which it holds a stake could be taken public by the end of June. “We are […]
Haitong Securities, China’s No.2 brokerage by assets, is set to make its second attempt to list in Hong Kong, with a share offering of around $1.5 billion, IFR reported on Monday, writes Reuters. Private equity firm Warburg Pincus and Japan’s Chuo Mitsui Trust & Banking Co, a unit of Sumitomo Mitsui Trust Holdings Inc, had […]
peHUB kicks off the work week with the onset of our March Madness pool (with a Kindle Fire on the line for the winner), PE finding some eager debt buyers (finally) and one place where you definitely don't want to tick off the boss.