Molycorp Inc., a Greenwood Village, Colo.-based rare earth mining company, set its IPO terms to around 28.13 million common shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $1.38 billion, were it to price at the high end of its range. The company plans to trade […]
Brentwood Associates has made a "significant investment in Chamilia LLC, a Minneapolis-based maker of personalized jewelry.
Mitchell Berk has been CEO of Hilco Consumer Capital for just a week, but he already has deals in mind. With a portfolio of 80 existing brands like Ellen Tracy, Bob Marley and The Sharper Image, Berk is looking to buy. "We want sustainable consumer brands,” says Berk, who was phoning from the Denver International Airport. Hilco is looking for deals in the healthy food sector, specifically institutional and educational food services. Berk also likes the educational technology market, as well as consumer package goods within the Hispanic sector. Berk wouldn’t name any particular Latino packaged goods company that he favors, but says that if properly marketed and supported such a company “could cross over into the general market.”
GI Partners and Stag Capital Partners have formed a $200 million joint venture, to acquire individual single-tenant net leased industrial properties throughout the United States.
MinSec Holdings Inc., a Wallingford, Penn.-based operator of community correctional facilities, outpatient programs and behavioral health treatment facilities, has raised an undisclosed amount of private equity and subordinated debt funding from Camden Partners and NewSpring Capital. The deal is structured as a recapitalization.
Apollo Management has completed its $694 million take-private acquisition of CKE Restaurants Inc., owner of the Carl’s Jr. and Hardee’s chains.
(Reuters) – Los Angeles-based private-equity firm The Gores Group has sought bankruptcy court approval to buy NEC Holdings Corp, a privately held envelope maker, for $134.5 million, subject to higher bids at an auction. A unit of The Gores Group will be the stalking horse bidder for NEC’s assets and set the floor at the […]
NEW YORK (Reuters) – A bidding war for the bunny may be about to break out. Playboy Enterprises Inc (PLA.N) looks likely to be in play, with opposing bids from founder Hugh Hefner and the company that owns long-time rival Penthouse magazine. Shares of Playboy shot up 42 percent in New York Stock Exchange mid-day […]
Healthcare-focused buyout firm Ferrer Freeman & Co. has indefinitely efforts to raise its fourth fund, after more than a year of trying. It plans to concentrate on generating liquidity from its existing portfolio, and may return to market in six to twelve months if successful. “Their effort to raise a new fund had not gone positively,” one source said. If Ferrer does return to market, there is a chance that the senior investment team may look different, although we have not been able to nail down specifics. If it doesn't fundraise -- or again proves unsuccessful -- the firm could head into wind-down mode.
SafeNet Inc., a Belcamp, Md.-based information security company owned by Vector Capital, has filed for a $300 million IPO. plans to trade on the Nasdaq under ticker symbol SAFE, with Morgan Stanley, Goldman Sachs and J.P. Morgan serving as co-lead underwriters. The company reports a $49.7 million net loss in 2009 on $403.7 million in revenue. […]