KPS Capital Partners said Monday that it has formed a new company Heritage Home Group after acquiring the assets of Furniture Brands International. No financial terms were disclosed for the transaction, which was approved by the U.S. Bankruptcy Court on November 22, 2013. GE Capital, Corporate Finance and PNC Bank provided financing for the deal. Also, Ira Glazer has been named president and CEO of Heritage Home Group. Heritage Home Group is a provider of designing, manufacturing, sourcing and retailing home furnishings.
Kayne Partners has made an undisclosed investment in ColdLight Solutions. ColdLight is a provider of advanced analytics, predictive technology and machine learning science.
Toronto-based Guardian Capital Group Limited said Monday that it has agreed to buy Zephyr Management. No financial terms were disclosed. Based in London, Zephyr Management is an emerging market equity firm.
Private equity firm Sycamore Partners LLC is in advanced talks to acquire apparel retailer Jones Group Inc and is working toward a deal in the next few weeks, sources told Reuters.
3i Group has agreed to invest approximately 110 million euros in Basic-Fit. Rene Moos, Basic-Fit's co-founder and CEO, will remain a shareholder in the company. In conjunction with the funding, 3i's Pieter de Jong, Robert Van Goethem and Boris Kawohl, will join Basic-Fit's board. Headquartered in Hoofddorp, The Netherlands, Basic-Fit is an operator of 200 discount gyms across the Netherlands, Belgium, Spain and France.
Chinese online game developer Giant Interactive Group Inc said it received a non-binding proposal from its chairman Yuzhu Shi and an affiliate of Baring Private Equity Asia to take the company private for $11.75 per American Depositary Share, Reuters reported.
Private equity firm Sycamore Partners LLC is in advanced talks to acquire apparel retailer Jones Group Inc and is working toward a deal in the next few weeks, sources told Reuters.
Shore Capital Partners has sold SCP Specialty Infusion to AxelaCare Health Solutions. Financial terms weren't announced. SCP Speciality provides acute home infusion services in the Western U.S.
Triton is selling WERU, a German manufacturer of windows, doors and carports, to H.I.G. Capital. The transaction is subject to the approval of the relevant authorities. Both parties involved have agreed not to disclose the purchase price.
Risk Capital Partners has backed management to acquire Neilson Active Holidays from the Thomas Cook Group for an undisclosed sum. The transaction is expected to complete in early December.