The Lang Companies, a Delafield, Wisc.-based maker of stationary and related products, has filed for Chapter 11 bankruptcy protection. Catterton Partners acquired Lang in 2003, and holds more than a 90% equity position. www.lang.com
Addus Homecare Corp., a Palatine, Ill.-based provider of social and medical services in the home, has filed for a $69 million IPO. It plans to trade on the Nasdaq under ticker symbol ADUS, with Robert W. Baird and Jefferies & Co. serving as co-underwriters. Eos Partners is the company’s majority shareholder. www.addus.com
American Industrial Partners has completed its buyout of the motor home business of Fleetwood Enterprises Inc. (OTC BB: FLTWQ). The deal was valued at $33.2 million, including certain assumed liabilities. Greenhill & Co. ran the sale process. Fleetwood shareholders include Tennenbaum Capital Partners. Concurrent with the close, Fleetwood laid off 700 employees, but said that American Industrial is expected to make 650 hires over the next few weeks.
WILMINGTON, Del (Reuters) – Creditors of Wilton Holdings Inc, one of largest makers of equipment for decorating food, asked a court to put the company in Chapter 11 bankruptcy due to $208 million in debts, according to court documents. A New York affiliate of private equity firm TowerBrook Capital Partners filed the involuntary bankruptcy petition […]
HONG KONG (Reuters) – Chinese iron ore miner Lung Ming, partly owned by private equity firm Hopu and Singapore’s state investor Temasek, plans to list shares in Hong Kong this year to raise up to $1 billion, sources with direct knowledge of the plan said. If successful, Lung Ming’s IPO would be the first investment […]
HONG KONG/MUMBAI (Reuters) – India’s leading oil producer ONGC (ONGC.BO) has hired Citigroup (C.N) to advise it on a bid for Kosmos Energy’s stake in an oil field in Ghana in a deal that could be worth between $3 billion and $5 billion, sources familiar with the deal said. Private equity-backed Kosmos, which has received […]
CrossHarbor Capital Partners has completed its acquisition of the equity interests in the Yellowstone Club, a Big Sky, Montana-based ski and golf resort.
Wynnchurch Capital has completed its acquisition of Sencorp, the parent company of Cincinnati-based toolmaker Senco Products. The deal was valued at $41 million.
NEW YORK (Reuters) – The bid deadline for private equity-backed Kosmos Energy’s Ghanaian oil interests has been extended and another date will be announced within the next 30 days, two sources familiar with the matter said on Friday. The bid deadline had previously been on Friday. The extension gives bidders extra time to digest major […]
NEW YORK (Reuters) – Alpha Media, parent of mens magazine Maxim, said on Friday it will cut its debt by way of a debt-to-equity conversion. The publisher was bought by private equity firm Quadrangle Group in 2007 for about $250 million. Quadrangle later said the deal had been a mistake, and wrote the value of […]