(Reuters) – Three bidders remain in the auction of German web hosting firm Strato, which has been put up for sale by German phone company freenet AG (FNTGn.DE), two banking sources said on Wednesday. Freenet said in June it hopes to raise between 300 million euros ($445.1 million) and 400 million from the disposal. Private […]
LONDON (Reuters) – Private equity firms are vying to get on a shortlist of potential buyers for discount retailer Matalan, which could fetch up to 1.5 billion pounds ($2.46 billion), sources familiar with the matter said. European buyout house CVC kicked off interest in the retail empire majority-owned by founder John Hargreaves and has since […]
Triton Pacific Capital Partners has acquired a majority stake in MyPrint Corp., an Irvine, Calif.-based provider of managed print and promotional marketing programs. No financial terms were disclosed.
Accel-KKR has agreed to acquire the assets and liabilities of customer service software provider KANA Software Inc. (OTC BB: KANA), for approximately $48.9 million.
NEW YORK (Reuters) – Vitamin Shoppe Inc (VSI.N) priced shares in its initial public offering above expectations and became the first retailer in two years to go public, while home health care provider Addus Home Care Corp’s (ADUS.O) IPO priced below estimates but was increased in size. Vitamin Shoppe sold 9.1 million shares for $17, […]
(Reuters) – U.S. private equity firm Blackstone Group (BX.N) has opened discussions with lenders to slash up to $5 billion in debt held by its unit Hilton Hotels, the Wall Street Journal said, citing people familiar with the matter. Blackstone is mulling injecting $800 million of fresh equity to buy back the debt at a […]
LONDON(Reuters) – British Gas owner Centrica Plc (CNA.L) said on Wednesday it will sell a 50 percent equity stake in three wind farms to the US-based investment management company TCW for 84 million pounds in cash ($138 million). Centrica is selling the stake in its Lynn, Inner Dowsing and Glens of Foudland wind farms and […]
Excited about Exits? Reformed Broker said its "Too soon, guys." Then he adds a second "too soon" after that in case you didn't catch the tone of slight condescension. (Seems he would prefer you exit your "weak, debt-laden offerings" companies during the next bubble.) (Reformed Broker) Creative Deal Structures 101: In case you're just discovering the "How do I do deals in a credit crunch?" conundrum, here is a guide to creative earn-outs and other financing techniques. (NetNewsDesk) From the Campaign Trail with Steve Pagliuca: "Or ‘Pags,' as no one except his campaign literature calls him." (Boston.com) See! Look! Positive News! Boy private equity is taking a drubbing in the press lately. With all this buyout bashing, Dealscape writes that the fickle mainstream media is ignoring private equity's great successes, like Toys ‘R' Us. (I'd prefer to call Toys ‘R' Us a success once it's been exited.) I'm not sure private equity firms need media love, but if they wanted it, they could start by giving us more data to work with. Besides, they have the PEC to toot their horns, and also, aren't they rich white men with tons of cash? They don't need journalists do stick up for them.
After he sold his company, Fidelity & Trust Bank, to Eagle Bankcorp in 2008, Robert Fiallo has sought to build new bank by cobbling together a handful of the many failed institutions. In fact, he’s received regulatory approval to buy a federally chartered bank and is gathering commitments from private equity firms and high net […]
Madison Capital Partners has acquired the Filtran business unit of SPX Corp. (NYSE: SPW), for an undisclosed amount.