New Century Transportation Inc., a Westampton, N.J.-based motor carrier, has filed for a $120 million IPO. It plans to trade on the Nasdaq, with Wells Fargo Securities and Stifel Nicolaud Weisel serving as co-lead underwriters. The company reports a net loss of $5.14 million for 2009, on $229 million in revenue. Shareholders include Jefferies Capital […]
LOS ANGELES (Reuters) – Bookseller Barnes & Noble Inc (BKS.N) is in talks with Ronald Burkle’s investment firm to end the billionaire’s lawsuit and avoid a potential fight over the company’s board, a source with knowledge of the talks told Reuters late Wednesday. A settlement could be announced soon, possibly within the next 24 hours, […]
AEA Investors announced that it has acquired a stake in Shoes for Crews, a provider of, from Advent International and the Smith family. No financial terms were disclosed. peHUB had previously reported on the deal. PRESS RELEASE Shoes For Crews, LLC, the global leader in slip-resistant footwear for the restaurant and hospitality industries, announced today […]
AMSTERDAM/DUSSELDORF (Reuters) – Germany’s RWE (RWEG.DE), Europe’s fifth-largest utility, said it has launched an auction process for the sale of its gas transmission network Thyssengas. Confirming an earlier Reuters report, RWE, which has to sell the business by March 2011 after settling an EU antitrust investigation, said it was expecting expressions of interest for the […]
Fortress Investment Group became the latest private equity shop to buy a piece of AIG. Today, Fortress inked a deal to acquire 80% of American General Finance, with AIG keeping the remainder. Evansville, Ind.-based American General provides loans, like mortgages and personal lines of credit, to consumers in the U.S. and Britain. AGF has about $20 billion in assets, including $18 billion in liabilities (this itself includes $17 billion in debt).
Aurora Capital Group has acquired a majority stake in Lexington Precision Corp., a New York-based maker of tight-tolerance rubber components. No financial terms were disclosed. Lexington emerged from Chapter 11 bankruptcy protection at the end of last month.
Avenue Capital Group and Oaktree Capital Management have agreed to acquire the assets of Sea Island Acquisition, a bankrupt private resort and real estate development company. No financial terms were disclosed.
LONDON (Reuters) – British public services outsourcing firm Tribal Plc (TRBG.L) said on Wednesday it had received bid approaches and sought to assure investors it could mitigate spending cuts by helping the government make savings. Tribal, which works with government departments, hospitals and schools, said on Wednesday: “Tribal notes the recent press speculation and confirms […]
(Reuters) – Nestor Healthcare (NSR.L) said on Wednesday it rejected an unsolicited approach from a private-equity group that valued the British company about 101.6 million pounds, calling it too low. Acromas Holdings, formed through the merger of vehicle breakdown services company AA with holiday and insurance firm Saga, offered 90 pence in cash for each […]
SunTx Capital Partners has acquired a majority stake in Carolina Beer & Beverage, a Mooresville, N.C.-based contract beverage manufacturer. No financial terms were disclosed. PRESS RELEASE SunTx Capital Partners (“SunTx”) announced today it has acquired a majority interest in Carolina Beer & Beverage (“CBB”), a leading independent contract beverage manufacturer, based in Mooresville, N.C. Financial […]