Noodles & Company said Tuesday that it has filed for a secondary public offering. The company has not disclosed the number of shares it plans to sell; however, it expects to ink an agreement with certain company executives to buy back shares in a private transaction. Noodles & Company currently trades its stock on the NASDAQ under the ticker symbol "NDLS." Morgan Stanley & Co. and UBS Securities are serving as lead underwriters. Noodles & Company, which is backed by Catterton Partners and Argentia Private Investments, is a fast casual restaurant chain.
European private equity firm 21 Partners said Tuesday that it has agreed to buy Synerlab from investment firm Ardian. No financial terms were disclosed. The transaction will be done in partnership with Synerlab's management team. Also, Ardian will subsequently reinvest in Synerlab. Based in France. Synerlab is a pharmaceutical contract manufacturing firm.
Hostmark Hospitality Group said Tuesday that it has teamed up with Pendo Investments and acquired the Hampton Inn Austin Airport. No financial terms were disclosed. Based in Austin, Hampton Inn Airport is a 102-room hotel located near the airport.
Main Street Capital Corp. said Tuesday that it has invested $13 million in Tin Roof. The funding will be used by Tin Roof to refinance existing debt and for expansion. Headquartered in Nashville, Tin Roof, which is a portfolio company of Larsen MacColl Partners, is a live music and restaurant chain.
Urgent Care of Connecticut said Tuesday that it has closed a "significant" investment from Pulse Equity Partners and PineBridge Investments. No financial terms were disclosed. Urgent Care of Connecticut is a provider of urgent care centers in the state.
Palm Beach Capital said Tuesday that it has bought a 60% stake in CTS Engines from Neff Capital Management, which will retain a 40% ownership. No financial terms were disclosed. Brian Neff, the managing partner of Neff Capital Management, will remain as CEO. Based in Ft. Lauderdale, Florida, CTS is an jet engine maintenance repair and overhaul provider.
Brennan Investment Group and DLJ Real Estate Capital Partners have acquired approximately 8 acres of land at 1780 Birchwood Avenue in Des Plaines, IL for a development project in Chicago's O'Hare submarket. The partnership will construct the Northeast O'Hare Industrial Center - a state-of-the-art warehouse and distribution building totaling approximately 140,000 square feet, featuring 32' clear height, ample loading, trailer parking, and auto parking.
Thoma Bravo has signed a definitive agreement to invest in Segall Bryant & Hamill, an independent, employee-owned, investment management firm based in Chicago with more than $9 billion in assets under management. Financial terms were not disclosed.
Singapore warehouse and industrial park developer Ascendas has set up a programme with a target asset size of S$600 million ($481.60 million) to invest in Indian real estate, focusing on business space, writes Reuters. Singapore sovereign wealth fund GIC is a principal investor in the programme.
Dutch food and chemicals group DSM is spinning off its pharmaceuticals division in a $2.6 billion deal with private equity firm JLL, pushing DSM's shares up more than 3 percent, writes Reuters. The new company will develop and manufacture drugs under contract for the pharmaceutical industry and is expected to have annual sales of about $2 billion, DSM and JLL said in a statement.