Slate Capital Group has acquired the assets of Coastal Business Machines Inc., a Randallstown, Md.-based reconditioning and repair center for uninterruptible power supplies. No financial terms were disclosed.
Contrax Furnishings LLC, a Gainesville, Fla.-based provider of furniture for educational and institutional markets, has raised an undisclosed amount of private equity funding from Hudson Ferry Capital.
Intrinergy, a global biomass renewable energy company based in Richmond, Va., has raised an undisclosed amount of private equity funding from Riverstone Holdings. PRESS RELEASE Riverstone Holdings LLC’s (“Riverstone”) most recent renewable and alternative energy fund announced today that it has made a strategic investment in Intrinergy, a leading biomass renewable energy company. The company […]
SS&C Technologies Inc., a Windsor, Conn.-based financial management software company owned by The Carlyle Group, raised around $160 million in its IPO. The company priced nearly 10.73 million shares at $15 per share, compared to an offering range of between $13 and $15 per share. This represented a scaled-back version of SS&C’s original plans, as it had filed […]
NEW YORK (Reuters) – Jeweler Zale Corp (ZLC.N) won breathing room from Citibank (C.N) on Tuesday by getting an extra month to decide whether to pay a penalty for low sales generated by its private label credit cards issued by Citibank or lose its relationship with the bank. Citibank has agreed to extend the payment […]
BERLIN (Reuters) – 3i Infrastructure (3IN.L) has exited its joint venture with gas supplier Erogasmet bidding for the Italian gas network of German utility E.ON (EONGn.DE), a source close to the situation told Reuters on Wednesday. “Erogasmet is still there but 3i is no longer with them,” said the source on the sidelines of an […]
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. Bemis Co. Inc., a Wisconsin-based packaging company, was seeking buyer for its certain Alcan Packaging Food Americas assets. Tollgrade Communications, a publicly traded Pittsburgh, Penn.-based network technologies company, appointed Edward H. Kennedy as Chairman of its board. Kennedy and the company's CEO Joe Ferrara will evaluate strategic alternatives for the company. (Yahoo Finance)
(Reuters) – The SemGroup Litigation Trust has filed a lawsuit against certain investment funds that held interests in SemGroup, in a bid to recover about $56 million paid out as special distributions by the energy marketing company, court papers showed. The litigation trust alleged in a lawsuit filed Monday that funds managed by Ritchie Capital […]
FRANKFURT/LONDON (Reuters) – Buyout firm TPG is in exclusive talks with Oaktree Capital to buy packaging firm Nordenia International, people familiar with the process said, as another so-called “secondary buyout” edges to a conclusion. TPG and Oaktree, the Los Angeles-based private equity and distressed-debt investor, are locked in intense discussions for the German flexible packaging […]
RedPrairie Holding Inc. has withdrawn its registration for a $172.5 million IPO, following its acquisition by New Mountain Capital. The company previously had been owned by Francisco Partners. RedPrairie is a a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems. It had approximately $194 million in revenue for the first nine months of 2009, […]