LONDON (Reuters) – National Express (NEX.L) has received a final proposed takeover offer from a consortium led by its largest investor for 500 pence a share, sending its shares up 13 percent. The consortium comprising Spanish shareholder the Cosmen family and CVC Capital Partners said in a statement it had raised its indicative cash offer […]
Just four additional sponsor-owned companies filed for Chapter 11 bankruptcy protection in August, bringing the total number to 59. That’s ten more filings than all of 2008. Notably, the four latest filings are among the year’s largest. We knew the bankruptcies would increase this year, but we weren’t sure if they’d creep into mega-buyout territory, […]
Here are some potential target 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, and send any additions my way. The owners of the New York Mets will be forced to sell the pro baseball team due to huge losses suffered in the Bernard Madoff swindle, the author of a book about the disgraced money manager said on Friday. (Read more) Management Energy, Inc. an OTC-traded exploration stage coal company based in California, announced the appointment of Brian McNiell to serve as a member of the Board of Advisors. Mr. McNiell will begin a study of Management Energy's reserve base to pursue strategic alternatives. Amer Sports, a Helsinki, Finland sporting goods company, is considering divesting Mavic, a bicycle brand.
TORONTO (Reuters) – MDS Inc (MDS.TO) said on Wednesday it had struck a deal to sell its Analytical Technologies division and will seek buyers for its Pharma division so that it can concentrate on nuclear imaging, a move that some saw as a precursor to the company being wound up. The Canadian life sciences company, […]
Open Link Financial Inc., a Uniondale, N.Y.-based provider of cross-asset trading, risk management and portfolio management software, has withdrawn registration for a $200 million IPO. The company had originally filed back in May 2008, with Credit Suisse and Citi are serving as co-lead underwriters. In its withdrawal, Open Link cited “unfavorable market conditions for initial price […]
Industrial Opportunity Partners has sponsored a management recap of Carlson Systems Inc., an Omaha, Neb.-based distributor of product assembly systems for Midwestern construction, industrial and OEM customers. No financial terms were disclosed, except that First National Bank of Omaha provided financing.
Tricor Pacific Capital has completed its acquisition of FabPro Oriented Polymers LLC from Polymer Group Inc. (OTC BB: POLGE). No financial terms were disclosed. FabPro is a Kingman, Kan.-based maker of performance polymers and synthetic fibers for the agricultural, construction and commercial segments.
Roark Capital Group has completed its acquisition of Pet Valu Inc., a Toronto-listed pet supplies retailer. The deal was valued at approximately C$143.7 million, or C$13.68 per Pet Valu share
Cardinal Equity Partners has led a recapitalization of Advanced Physical Therapy LLC, a provider of physical therapy services in Indiana. No financial terms were disclosed. Centerfield Capital Partners also participated.
TGP Investments has acquired the Event Media unit of Ascend Media Holdings. No financial terms were disclosed. Ascend Media is currently controlled by its lenders, led by Wells Fargo. It previously was owned by CCMP Capital and Veronis Suhler Stevenson, until defaulting on its debt covenants earlier this year.