J.F. Lehman & Co. has acquired Defense Venture Group, a Charlotte, N.C.-based maker of force protection products and armored vehicles. No financial terms were disclosed for the deal, which was done in partnership with DVG management. WoodRock & Co. served as financial advisor to DVG.
LONDON (Reuters) – Last-minute talks have delayed the restructuring deal for French building materials company Monier Group, a portfolio company of PAI Partners, three sources with knowledge of the situation said. The 1 billion euro ($1.41 billion) debt-for-equity deal is now due to sign on Thursday, the sources said. It had been expected to be signed […]
CHICAGO (Reuters) – Basketball legend David Robinson has conquered the sports landscape, collecting professional and college player of the year awards, two Olympic gold medals, two NBA titles and earning recognition as one of the greatest players ever. Now the former San Antonio Spurs center is playing for gold of a different kind. Robinson formed […]
Avenue Capital Group and DDJ Capital Management have received bankruptcy court approval for their acquisition of Milacron Inc., a plastics processing and industrial fluids company. Bayside Capital, an affiliate of H.I.G. Capital, had acquired a 29% stake in Milacron in 2007.
OpenGate Capital has agreed to acquire Gabriel North America, a provider of shock absorbers and strut assemblies, from ArvinMeritor (NYSE: ARM). No financial terms were disclosed.
Court Square Capital Partners has completed its acquisition of Wyle Holdings Inc. from Littlejohn & Co. for an undisclosed amount. Wyle is an El Segundo, Calif.-based provider of engineering, professional and information technology services to military and civilian government agencies. It was acquired by Littlejohn in 2003, and currently generates approximately $800 million in annual […]
JEN Partners and Real Estate Capital Partners have agreed to acquire substantially all the tax credit equity business of MMA FInancial, an Municipal Mortgage & Equity LLC (OTC: MMAB). The deal is valued at approximately $31 million. PRESS RELEASE JEN Partners, a New York-based private equity real estate firm, today announced that it has entered […]
NEW YORK (Reuters) – Bankrupt hotel chain Extended Stay was granted interim access on Monday to its cash for a second time so it can make mortgage payments and pay the company managing its hotels. Judge James Peck of U.S. Bankruptcy Court in Manhattan said Extended Stay could to tap into $86 million of its […]
NEW YORK (Reuters) – Bank of America Corp (BAC.N), the largest U.S. bank, and First Data Corp have created a joint venture to offer electronic payment services to merchants, the companies said on Monday. The venture will combine Bank of America’s brand name — and its 240,000 merchant relationships — with First Data’s payment services […]
Premier Precision Group, a Minneapolis-based contract manufacturer of fabricated and complex precision machined components, has acquired the assets of Phoenix-based Aimco Precision Inc. No financial terms were disclosed. PPG is a portfolio company of Spell Capital Partners.