Warburg Pincus, a New York private equity firm, has completed its acquisition of Enodis Global Ice Machine, a maker of commercial ice machines, from The Manitowoc Company. The business will be remained Scotsman Industries. Press release: The Enodis global ice machine business today announced the completion of its sale to affiliates of Warburg Pincus, a […]
American Industrial Partners, a buyout firm based in New York, has offered to purchase the RV business of Fleetwood Enterprises for $53 million, according to court documents. The business, which was previously owned by Tennenbaum Capital Partners and Marathon Asset Management, filed for Chapter 11 bankruptcy protection in March. Company Web site.
Corridor Capital, a Los Angeles-based private equity firm, has, alongside SPB Partners, has purchased a controlling stake in TrashMasters LLC, a regional waste hauling business, for an undisclosed amount. Press release: We are pleased to announce that on May 1, 2009 Corridor Capital, through its special purpose limited partnership, Corridor TrashMasters, L.P., completed a leveraged […]
Mid-Oaks Investments, an investment firm based in Buffalo Grove, Ill., has purchased Dispoz-o, a disposable plastic food packaging maker, for an undisclosed amount. The deal is an add-on acquisition for Mid-Oaks Investment’s portfolio company, Wilkinson Industries, which Mid-Oaks purchased in 2004. Press release: Wilkinson Industries, Inc., a leading manufacturer of foodservice containers and Dispoz-o Products, […]
Rock Hill Capital Group, a Houston based private equity firm, completed the acquisition and recapitalization of SouthWaste Services, Inc. The transaction was financed with equity from Rock Hill Capital I, existing SouthWaste shareholders. Macquarie Bank and The 1818 SBIC Fund, a mezzanine fund managed by Brown Brothers Harriman, provided financing. Press release: Rock Hill Capital […]
SumTotal Systems has amended its merger agreement with buyout firm Accel-KKR after receiving a competing offer from Vista Equity Partners. Accel-KKR has topped Vista Equity’s latest offer by $0.5 per share, agreeing to purchase SumTotal for $4.80 per share. This offer is $1 per share higher than Accel-KKR’s initial agreement to purchase SumTotal for $3.80 […]
(Reuters) – A group of three distressed investors courted lenders to French building materials company Monier Group on Monday as they ready a formal offer, sources close to the talks said. Monier Group is owned by private equity firm Paribas Affaires Industrielles (PAI), but the distressed investors are working on a counter-bid to take control […]
(Reuters) – Kona Grill Inc (KONA.O) shareholder Mill Road Capital offered to buy the casual-dining restaurant chain for $27.9 million, or $4.60 per share, double the stock’s closing price on Friday. In a letter to the restaurant chain’s board, Mill Road said its bid gave the company a better chance of “addressing competitive and capital […]
(Reuters) – Investment firm Hutton Collins is behind a possible bid for Italian restaurant and retail group Carluccio’s (CARL.L), the Sunday Times reported without citing sources. Carluccio’s, founded by chef Antonio Carluccio in 1991, said earlier this month it had received a preliminary offer approach but did not provide any details on the possible bidder. […]
Barclays is in discussions with Blackrock and Bank of New York Melon to sell its asset management arm, BGI, according to Reuters. (Reuters) – Barclays Plc (BARC.L) is in talks to sell its prized asset management arm after the auction of its iShares unit generated interest in more parts of the British bank. The bank […]