Monroe Capital announced Wednesday that it has provided a $28.45 million credit facility to Evergreen Maintenance Center. Monroe Capital’s debt facility was used to finance the acquisition of Evergreen by Relativity Capital and provide ongoing working capital, the firm said. Monroe Capital also made an equity co-investment in the transaction.
South Korea's CJ Group and Japanese private equity firm Unison Capital are jointly bidding for Japanese food-additive maker Hayashibara, Reuters reported Wednesday. Gun-ei Chemical is also bidding for Hayashibara, with private equity firm Polaris, Reuters said. Final bids are scheduled at the beginning of July.
Warburg Pincus, Trilantic Capital Partners and ZAM Ventures are backing newly formed oil and gas exploration and production company Velvet Energy, the company announced Wednesday. Terms of the investment were not released. CIBC World Markets Inc. acted as financial advisor to Velvet Energy. Velvet Energy is focused on exploration in the Western Canadian Sedimentary Basin region.
Marathon Oil Corp. will pay $3.5 billion to buy oil and gas properties in Texas' Eagle Ford shale field from private equity firm Kohlberg Kravis Roberts & Co. and Hilcorp Resources Holdings, Reuters reported Wednesday. KKR’s stake is now valued at $1.13 billion, nearly triple the $400 million the firm invested in Hilcorp a year ago.
Teakwood Capital has acquired Clockwork Solutions Inc., a provider of performance prediction and risk management technology designed for industrial companies, military organizations and government agencies. Financial terms of the deal were not released. Teakwood Capital is a Dallas-based private equity firm.
Publicly traded Sealed Air Corp. is buying Diversey Holdings Inc. in a deal valued at $4.3 billion. Diversey Holdings sells products to the cleaning and sanitization market, and is backed by private equity firm Clayton Dubilier & Rice. Under the terms of the deal, Diversey shareholders will receive $2.1 billion in cash and an aggregate of 31.7 million shares of Sealed Air common stock.
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Indian consumer goods maker Jyothy Laboratories is close to raising about $150-$200 million from private equity funds, Reuters reported. The company is talking with a handful of buyout shops, including the Carlyle Group, Actis, TPG Capital and Apax Partners, Reuters reported, adding that a deal is likely to be announced. In 6-8 weeks.
It’s safe to say all those ancillary add-on Twitter photo apps will not be enjoying the “Tweetdeck tweetment.” The mega micro-messaging company didn’t really need to buy Tweetdeck last month; but the $40 million-$50 million Twitter spent acquiring the software application that organizes tweets allowed it to snap up engineering talent as the company’s own CTO was exiled and it bolted on technology it will likely need later. The Tweetdeck deal probably also....
The mid-market investment bank Lincoln International has opened a Moscow office, and appointed Andrei Joosten as the managing director who will lead the region (or, more specifically, Russia, Ukraine, Belorussia, Armenia, Azerbaijan, Kazakhstan, Uzbekistan, Kyrgyzstan, Moldova, Turkmenistan, and Tajikistan). Lincoln has 11 other offices around the world, including in Madrid, New York, and Paris. Joosten, who […]