Catterton Partners has agreed to sell Liberty Safe and Security Products Inc., a Payson, Utah-based gun safe manufacturer, to Compass Diversified Holdings. The deal is valued at approximately $70 million. Baird managed the sell-side process.
Attends Healthcare Inc., a maker of adult incontinence products, has raised $98 million in new financing for a recapitalization. The deal includes a $20 million asset-based revolving credit facility from Wells Fargo Capital Finance and $78 million in term loans from Regiment Capital. Proceeds will be used to refinance existing debt and to fund a $60 million distribution to shareholders like KPS Capital Partners.
HHI Group Holdings, a maker of forged parts for power train and wheel-end applications, has raised $300 million in new financing for a recapitalization. The deal includes a $100 million revolving credit facility and a $200 million term loan. Proceeds will be used to refinance existing debt and to fund a $150 million distribution to shareholders like KPS Capital Partners and MC Capital.
KKR has joined Triton on its previously-announced €850 million acquisition of Nordic care home operator Ambea from 3i Group. The two firms will be 50-50 partners on the deal, which closed yesterday.
TA Associates has acquired a majority stake in British lifestyle brand Cath Kidston. No financial terms were disclosed.
March 31 (Reuters) – Ameresco Inc, which provides energy efficiency solutions in North America, filed with U.S. regulators on Wednesday to raise up to $125 million in an initial public offering of common stock. The Framingham, Massachusetts-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that Bank of America-Merrill Lynch, RBC […]
NEW YORK (Reuters) – Citigroup Inc’s (C.N) life insurance unit, Primerica Inc, priced shares in its initial public offering above the expected range in a larger-than-anticipated deal. The company sold 21.36 million shares for $15 each, raising about $320.4 million. It had planned to sell 18 million shares for $12 to $14 each. Primerica sells […]
Squeezing Out Value in Any Way They Can: What happens when companies that earned their PE backers dividend recaps end up in bankruptcy? The creditors are suing. (WSJ) The case of SemGroup and Carlyle/Riverstone is one notable example. (WSJ) Dubai World: Bankers met today to begin sorting out the conglomerate's debt. (Reuters) Sharia Compliant PE: Glacial movement in the private equity (PE) sphere of Islamic finance could finally be showing signs of a thaw. (Westlaw) Consolidation Time for Mobile Operators: The biggest threat to mobile-service providers isn't the Internet, but overcapacity and low-margin customers. (BusinessWeek) Who Knew: Wal-Mart earned more than half of its income on grocery sales last year. (WSJ)
LONDON (Reuters) – Talks to license the North American rights for Terra Firma’s EMI Music unit to either Universal Music Group (VIV.PA) or Sony (6758.T) have ended without agreement, sources told Reuters on Wednesday. The music business, owned by Guy Hands’ Terra Firma private equity group, had held separate talks with both firms as it […]
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.