Ryerson Holding Corp., a Chicago-based metals processor, has acquired Texas Steel Processing Inc., a Houston-based steel plate fabricator, for approximately $11.4 million. Ryerson recently filed for a $350 million IPO. It was taken private by Platinum Equity in October 2007 for approximately $2 billion.
KKR has acquired an undisclosed position in the German Flavours and Ingredients business of Rudolf Wild GmbH & Co. The deal will not result in management changes, and is designed to facilitate a public listing for Rudolf Wild, an 80-year-old, family-owned business.
HDT International Holdings, a provider of mobile-military and emergency response solutions, has acquired Airborne Systems Group Ltd., a Pennsauken, N.J.-based maker of parachute systems and related products. No pricing terms were disclosed for the deal, which included leveraged financing from RBC Capital Markets, BMO Capital Markets and GE Antares Capital. HDT is majority-owned by Metalmark Capital.
Windsor Ltd., a Lloyds insurance broker, has completed a refinancing that has enabled it to repay most of the company used to finance its 2007 take-private. Clydesdale Bank provided new senior debt facilities. Hutton Collins Partners will retain a minority position.
LONDON (Reuters) – Advent International and BC Partners are among private equity firms weighing a possible bid for German cable operator Kabel Deutschland, people familiar with the matter said on Wednesday. The company is also considering plans to raise at least 1 billion euros ($1.4 billion) in an initial public offering as early as the […]
Private equity may have opportunity to buy, partner with or invest in the under-pressure media sector, as the industry is likely to continue to combine and sell assets, KKR executive Alexander Navab said on Tuesday. KKR has investments in a number of media companies such as Nielsen, and in recent months struck a music joint venture with German media giant Bertelsmann. Navab, who co-heads KKR's North American Private Equity business and heads the Media/Communications industry team in the U.S., said that the sector should be helped by increased visibility as the economy improves.
LONDON (Reuters) – Private equity firm Kohlberg Kravis Roberts is buying British retailer Pets at Home in a deal one person familiar with the matter said was worth about 955 million pounds ($1.5 billion) including debt. The higher-than-expected price could fuel speculation that other companies considering sales, like fashion retailers New Look and SuperGroup and […]
Graham Packaging Co., a plastic container maker owned by The Blackstone Group, has set its IPO terms to 23.33 million common shares being offered at between $14 and $16 per share. It plans to trade on the NYSE under ticker symbol GRM, with Citi, Goldman Sachs and Deutsche Bank Securities serving as co-lead underwriters. www.grahampackaging.com
Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below. Levine Leichtman Capital Partners IV, raised its offer for Rubio's Restaurants. One analyst told Dow Jones he doesn't believe Rubio's will accept the offer. He said, "continued pressure in the form of increasing its bid may force Rubio's to seek an alternative acquirer." Protection One, Inc. (Nasdaq:PONE), a leading provider of electronic security services to the residential, commercial and wholesale markets, has engaged J. P. Morgan to advise it in exploring strategic alternatives. TSX-listed Conjuchem Biotechnologies announced its exploring strategic alternatives. France-based Toreador Resources Corp. was reported to be in talks with several energy conglomerates to acquire or partner with the oil and gas company.
BaltCap has acquired aircraft repair company Air Maintenance Estonia from SAS for an undisclosed amount. In unrelated news, BaltCap has partnered with the European Investment Fund to launch a €30 million vehicle focused on VC opportunities in Latvia. www.baltcap.com