NEW YORK (Reuters) – Insight Communications Co., controlled by The Carlyle Group, has put itself up for auction, seeking a deal valuing the U.S. cable operator at up to $4 billion, people close to the deal told Reuters. Insight, the tenth largest cable operator in the United States according to Carlyle’s website, has hired Bank […]
Private equity firm H.I.G. Capital has acquired the marine business of Litchfield, Illinois-based Teleflex Inc. Teleflex Marine is a provider of steering and control products and accessories. Terms of the deal were not released.
Buyout shop H.I.G. Capital has recapitalized Advanced Environmental Recycling Technologies Inc., providing debt and equity financing to the company. Based in Springdale, Arkansas, Advanced Environmental Recycling is a manufacturer of wood composite decking products and a developer of polyethylene recycling technology. It is traded on the over-the-counter Bulletin Board. Terms of the deal were not released. Miami-based H.I.G. Capital has more than $8.5 billion under management.
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Initial public offerings by U.S.-based buyout shops so far this year include some heavy hitters, but how are the portfolio companies that went public in 2010 doing? The table below looks at 10 with the highest returns through Friday. As of March 18, 2011, Oasis Petroleum Inc. has performed the best of the class of 2010 based on the increase in its stock price. Its shares are trading 52.96 112.57 percent higher compared with its IPO price. EnCap Investments LP’s Oasis Petroleum went public on June 17. It raised $588 million through the sale of 42 million for $14 a share. The Houston-based oil and gas explorer and producer ended Friday at $27.76.
Publicly traded, late-stage drug development company Aeterna Zentaris, based in Quebec, has appointed Michael Meyers to its board. Meyers cofounded Arcoda Capital Management of New York, which manages long-short funds that invest primarily in publicly traded healthcare companies. PRESS RELEASE: Aeterna Zentaris Inc. (NASDAQ: AEZS) (TSX: AEZ) (the “Company”), a late-stage drug development company specialized in […]
American Capital Agency Corp., the Bethesda, Md.-based real estate investment trust, has priced a public offering of 28 million shares of common stock for total estimated gross proceeds of roughly $780 million. The company invests in agency pass-through securities and collateralized mortgage debt and has said it plans to use the proceeds from the offering […]
Sun Bancorp, the Vineland, N.J.-based parent of Sun National Bank, has closed on its public offering of nearly 30 million shares of common stock at a price of $3 per share. Sun expects net proceeds from the sale to total $81 million. PRESS RELEASE: Sun Bancorp, Inc. (Nasdaq: SNBC), the parent company of Sun National […]
It isn’t every day a private equity firm goes diving headlong into print media. But, earlier this month, Hadley Capital acquired titles Austin Monthly, Austin Monthly Home and San Antonio Magazine from the Conley Publishing Group, a Wisconsin-based media company. Now, on the platform, called Open Sky Media, the Chicago-based lower-middle market PE shop will […]
Macquarie Capital has provided Mine Site Technologies, a maker of mining communication networks and products, with growth capital to support the company’s operations. Specifics were not publicized. MST was advised by KPMG Corporate Finance and Minter Ellison. Mallesons Stephen Jaques acted as legal advisor to Macquarie Capital on the transaction.