(Reuters) – Private equity firm BC Partners is staking up to $331 million on strong growth in U.S. career training, buying Texas-based ATI Enterprises from middle-market rival The Riverside Company. BC will invest the money from its current fund, alongside roughly $250 million of debt, to buy ATI, which offers courses in subjects such as […]
Archipelago Learning Inc., a Dallas-based provider of online education tools and services, has set its IPO terms to 6.25 million common shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $427 million, were it to price at the high end of its range. The company […]
LONDON (Reuters) – Private equity firm CVC dissolved a consortium with General Electric (GE.N) that had been planning a joint bid for the transmission and distribution (T&D) business of Areva (CEPFi.PA) , a person familiar with the matter said on Monday. CVC was reluctant to be a minority shareholder and General Electric grew in confidence […]
NEW YORK (Reuters) – Automobile parts maker Lear Corp (LEA_w.N) said on Monday that it had emerged from bankruptcy protection with less than $1 billion in debt. The maker of seats, door panels and electrical distribution systems for cars also said its new common shares would trade on the New York Stock exchange under the […]
WILMINGTON, Del. (Reuters) – Bankrupt Six Flags Inc. has submitted a new reorganization plan that represents a victory for hedge fund Avenue Capital Management, which fought an initial proposal that gave little to bondholders. The world’s largest regional theme park operator filed for bankruptcy in the middle of the year with a plan that transferred […]
Hellman & Friedman and JMI Equity have agreed to acquire Datatel Inc., a Fairfax, Va.-based provider of enterprise information management solutions for higher education institutions. No financial terms were disclosed. Sellers include Thoma Bravo, Trident Capital, HarbourVest Partners and JP Morgan Asset Management -- which sponsored a management buyout of Datatel in early 2005.
The Carlyle Group has agreed to buy OpenLink Financial from TA Associates. No financial terms were disclosed for the deal, which is expected to close later this quarter. Bank of America Securities and Credit Suisse Securities are providing leveraged financing. OpenLink is a Long Island-based provider of software for the the commodity, energy and financial services industries.
Milestone Partners has completed a refinancing of portfolio company Good Health Natural Products, a Greensboro, N.C.-based maker of branded reduced-fat salty snack foods. No financial terms were disclosed for the deal, which included participation by Salem Halifax Capital Partners and the Morgan Keegan Strategic Fund.
Lantiq, a portfolio company of Golden Gate Capital, has acquired the wireline business of Infineon Technologies AG (Frankfurt: IFX), for approximately €243 million.
Advent International has made a public tender offer to acquire Polish educational publisher Wydawnictwa Szkolne i Pedagogiczne SA (WSiP). The offer is valued just north of $142 million.