Rizvi Traverse Management and Starwood Capital Group have recapitalized Key Air, a provider of aircraft management, worldwide charter and FBO services. No pricing terms were disclosed.
Sun Capital Partners has acquired Betts, a provider of printed laminate tubes for the oral care and personal care sector. No financial terms were disclosed.
Prospect Partners has sponsored a recapitalization of Navix Diagnostics Inc., a Taunton, Mass.-based provider of outsourced cardiovascular diagnostic services. No financial terms were disclosed. www.prospect-partners.com
(Reuters) – U.S. discount retailer Gordmans Stores Inc (GMAN.O) priced shares in its initial public offering below the expected range on Wednesday, according to an underwriter. The company sold 5.4 million shares for $11 each, raising about $58.9 million. It had planned to sell shares for $13 to $15 each. Omaha, Nebraska-based Gordmans sells clothing […]
NEW YORK (Reuters) – A number of private equity firms are interested in taking a look at Barnes & Noble (BKS.N), with names including Bain Capital, Apollo, TPG Capital and others, sources familiar with the matter said on Wednesday. Still, it was unclear how any private equity interest might be structured, given that billionaire investor […]
One of the big knocks on pre-crisis private equity was that it had eschewed its buy-low/sell-high mantra, in favor of buy high and (hope to) sell higher. A lot of it was properly pinned on cheap debt, but some was caused by a sheep-like portfolio land rush (“They did a deal? Well then, we’ll do a deal…”). I bring it up today because of some new data from Thomson Reuters (download here), about PE-backed M&A volume in 2010 (through Monday). It works out to 1,755 global deals valued at just over $103 billion, compared to 1,558 deals worth nearly $39 billion over the same period in 2009.
RPI, a Seattle-based provider of automated manufacturing and fulfillment solutions for the consumer make-on-demand printed products market, has raised an undisclosed amount of mezzanine funding from Huntington Capital.
Neff Capital Management has acquired Complete Turbine Services LLC, a Ft. Lauderdale, Fla.-based provider of engine performance restoration services to airlines and operating lessors. No financial terms were disclosed.
(Reuters) – Health insurer UnitedHealth Group Inc (UNH.N) is buying a medical compliance company, Executive Health Resources, the companies said. Executive Health Resources is currently owned by private equity firm Abry, which invested in the company in 2007 according to its website. Terms of the deal were not disclosed. UnitedHealth is buying the company through […]
(Reuters) – Private equity investment in emerging markets totalled $13 billion in the first half of 2010, a 55 percent leap on year-ago levels and on track to beat 2009 levels, industry group EMPEA said on Wednesday. An investment surge in Latin America and continued strong activity levels in China and India were behind the […]