Thoma Bravo has agreed to acquire LANDesk Software from Emerson (NYSE: EMR). No financial terms were disclosed. LANDesk is a Salt Lake City-based provider of systems lifecycle management, endpoint security and IT service management.
(Reuters) – Chinese retailer GOME Electrical Appliances Holding Ltd (0493.HK) has set a special meeting date of Sept. 28 to address controversial measures proposed by its jailed founder and biggest shareholder, and said Bain Capital will convert its convertible bond into equity, the company said on Monday. The news came on the same day Gome […]
Enotria Winecellars, a portfolio company of ISIS Equity Partners has acquired Great Western Wine Company Ltd., a Bath, England-based wine distribution company. No financial terms were disclosed.
Golden Meditech Holdings Ltd., a Chinese healthcare device and service operator, has raised $40 million from undisclosed private equity investors.
MEXICO CITY (Reuters) – A Mexican consortium, aided by private equity firm Advent International, has stepped up to buy a controlling stake in troubled airline Mexicana after financial woes pushed the carrier to the brink of collapse. Advent helped put the deal together, but the equity firm is not participating as a shareholder in the […]
(Reuters) – Campbell Soup Co (CPB.N), the world’s largest soup maker, is considering making a 1.5 billion pound ($2.3 billion) break up bid for Britain’s United Biscuits, the Sunday Times reported. Campbell is looking to buy the biscuit-making operations, which account for about three quarters of the company, and is less interested in the snacks […]
Aerospace and defense deals may seem like a “masculine” pursuit until you speak to Tess Oxenstierna, a director at the Bank Street Group. Oxenstierna has two decades of experience in the sector, having worked at the White House, NATO, the U.S. Department of State and Energy, Raytheon Corp. and the U.S. Navy Reserves. She even holds a friggin’ Ph.D. in “War Studies” from King’s College in London where she focused on nuclear nonproliferation policy. She is currently head of the aerospace and defense group at Bank Street, a Stamford, Conn.-based investment bank that targets the middle market. Oxenstierna, who grew up on the Island of Guam, has a strong interest in the military. "I grew up loving military history," she says. "I became a naval intelligence officer after finishing graduate school."
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has agreed to sell its Heide refinery in Germany to UK private equity fund Klesch & Co for an undisclosed sum, both companies said on Friday. “Shell and Klesch today announced a binding agreement for the sale of the Heide refinery, associated chemicals, bitumen and distribution infrastructure as […]
Barclays Private Equity has acquired a majority stake in British bottle-maker Allied Glass from CBPE Capital, for £75 million. BPE invested nearly £30 million, with company management co-investing on the equity and senior debt provided by Lloyds TSB and HSBC. www.bpe.com
Sterling Financial Corp. (Nasdaq: STSA) today announced new terms of its recapitalization, including amendments to existing financing agreements from Warburg Pincus and THL Partners. The bank holding company now plans to raise a total of $730 million, including $171 million from each of the two private equity firms. THL originally agreed to invest $175 million, but then lowered that to $138 million -- in order to match a subsequent commitment from Warburg Pincus.