PHILADELPHIA (Reuters) – CKE Restaurants Inc (CKR.N) said it accepted a $694 million takeover offer from affiliates of Apollo Management and terminated a lower-price pact with Thomas H. Lee Partners. In a statement released on Saturday, CKE said it accepted the $12.55 per share offer from the Apollo affiliates. THL Partners, the original suitor, had […]
NEW YORK (Reuters) – McGraw-Hill Cos Inc (MHP.N), a textbook publisher and owner of the Standard & Poor’s ratings service, is dropping out of the auction for Interactive Data Corp (IDC.N), sources briefed on the matter said. Interactive Data, which sells financial information and analytical tools to banks and financial institutions, has been through one […]
Roadrunner Transportation Services Inc., a Cudahy, Wis.-based provider of non-asset based transportation and logistics services, has set its IPO terms to 10.6 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $472 million, were it to price at the high end of its range. […]
Mitel Networks Corp., an Ottawa-based provider of telecom services to small and mid-sized businesses, raised $147.4 million via its IPO. The company sold around $10.5 million shares at $14 per share, compared to a planned range of between $18 and $20 per share. It closed its first day of trading on the Nasdaq down at […]
JWI Capital has acquired the WH Smith Hardware Co., a Parkersburg, West Virginia-based fabricator and assembler of handling equipment and load securing and material handling hardware. No financial terms were disclosed.
Francisco Partners has invested an undisclosed amount in T-System Inc., a Dallas-based provider of clinical documentation solutions for hospital emergency departments.
MELBOURNE (Reuters) – Australian private equity firms Pacific Equity Partners and CHAMP are among firms advancing to the second round of bidding to buy pallet maker Loscam, three banking sources familiar with the process said. Loscam owner Affinity Equity Partners is hoping to raise A$500 million to A$700 million ($460 million-$640 million) in the sale. […]
Pet Valu Canada Inc., a portfolio company of Roark Capital Group, has acquired Bosley’s Pet Food Plus Inc., a Vancouver-based small-format retailer of pet food and supplies. No financial terms were disclosed. Roark took Pet Valu private last August.
AMSTERDAM/MADRID (Reuters) – Endesa (ELE.MC) has launched the sale of its Spanish gas distribution and transmission network, a disposal that could fetch up to 760 million euros, several people familiar with the matter said on Thursday. The Spanish utility, in which Italy’s Enel (ENEI.MI) has a 92 percent stake, sent out teasers to interested parties […]
Providence Equity Partners has offered to acquire AcadeMedia AB, Sweden’s largest independent education company with approximately 45,000 students and course attendants at around 150 locations. AcadeMedia is publicly-trade in Stockholm. The proposal would value AcadeMedia at approximately $283 million, with AcadeMedia stockholders to receive SEK165 per share (3% premium to yesterday’s closing price). www.provequity.com