Kinderhook Industries has agreed to acquire International Absorbents Inc. (NYSE: IAX) for approximately $30.38 million, or $4.74 per share (18.2% premium to yesterday's closing price.). International Absorbents is a maker of environmentally-friendly pet care and industrial products.
TorQuest Partners has agreed to acquire the refined wood rosin and natural wood terpines business of Hercules Inc., a subsidiary of Ashland Inc. (NYSE: ASH). The deal is valued at approximately $75 million. TorQuest will rename the company Pinova.
True Temper Sports Inc., a Memphis, Tenn.-based maker of golf shafts and performance sports equipment, has completed a financial restructuring plan that was approved by the U.S. Bankruptcy Court. A group of investors led by Newport Global Advisors and Providence Equity Partners now hold a majority stake in the company.
Oaktree Capital Management has committed $500 million to help form Sky Holding Co., a San Francisco-based airline leasing company formed by former executives of Pegasus Aviation.
Moosejaw, a Madison Heights, Mich.-based multi-channel retailer of outdoor active apparel and equipment, has raised an undisclosed amount of growth equity from Glencoe Capital’s Michigan Opportunities Fund.
2009 is fast coming to an end, so we figured it was time to take a chronological look back at the year's top private equity stories. Consider it a timeline of sorts (a venture capital one will be posted later this month). Lots of scandals and failures, with a smattering of successes mixed in. Get it after the jump...
BEIJING (Reuters) – A Chinese IT outsourcing company and an optical components maker are aiming to select investment banks in the next two weeks with the goal of making U.S. initial public offerings by as soon as the first half of 2010, one of their investors said on Monday. HiSoft, an IT outsourcing company in […]
Odyssey Investment Partners has agreed to buy One Call Medical from TA Associates for an undisclosed amount. One Call is a Parsippany, N.J.-based provider of medical cost containment solutions.
Oaktree Capital Management has acquired a minority equity position in DoubleLine LLC, a Los Angeles-based investment advisory recently formed by ex-TCW chief investment officer Jeffrey Gundlach.
Vitruvian Partners has acquired a majority stake in Callcredit Information Group from Skipton Building Society. No financial terms were disclosed. Callcredit is a UK-based provider of credit reference service and direct marketing solutions to financial institutions. It has over 600 employees and annual turnover of approximately £50 million. Marks Baughan & Co. advised Vitruvian on the deal.