Dell Inc may delay a shareholder meeting on a $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake Partners, with the pivotal vote too close to call, a source tells Reuters.
Platinum Equity said Tuesday it has agreed to buy CBS Outdoor International in a deal valued at about $225 million. CBS Outdoor said it is one of the largest out-of-home media and billboard businesses in Europe, providing custom media solutions to outdoor advertising agencies and direct clients in the United Kingdom, Ireland, France, Italy, the Netherlands, Spain and China.
Water Street Healthcare Partners said Tuesday it completed an investment in RTI Biologics Inc. Water Street invested $50 million private placement of convertible preferred equity to support RTI's buy of Pioneer Surgical Technology. Alachua, Fla.-based RTI specializes in orthopedic and other biologic implants.
Isis Energy said Tuesday that it has secured a $150 million commitment from EnCap Flatrock Midstream. According to Isis Energy, the financing will be used to provide logistics and infrastructure for moving, storing and blending low-gravity crude and other products including residual fuel oil, asphalt and reclaimed products. Based in Houston, Texas, Isis Energy is a new midstream company focused on the transportation, storage and distribution of crude oil and related products.
Brookside Equity Partners and G. Scott Capital Partners have co-invested in Valterra Products. No financial terms were disclosed. Headquartered in Mission Hills, Calif, Valterra is a provider of fluid control products to the RV, pool and spa and industrial markets.
Linsalata Capital Partners, a middle market private equity firm in Cleveland, Ohio, has sold The Tranzonic Companies to Silver Oak Service Partners. No financial terms were disclosed for the transaction, which took place on July 5, 2013. Headquartered in Richmond Heights, Ohio, Tranzonic is a provider of maintenance, cleaning and safety products.
Dallas-based iSIGHT Partners said today that it has received an investment from Blackstone. According to iSIGHT Partners, the capital will help the company launch its recently patented Cyber Risk Management System slated for release in the first quarter of 2014. iSIGHT Partners is a provider of global cyber threat intelligence solutions.
PNC said Tuesday that it has provided $27 million in senior secured financing for New York-based private equity firm Blue Wolf Capital Partners. Steel City Capital Funding, a division of PNC, provided a portion of the financing. The funds will be used by Blue Wolf to acquire Suwannee Lumber Company based in Cross City, Fla.
The New York financial regulator is examining whether to overturn insurer Athene Holding Ltd's bid for the U.S. annuity business of Britain's Aviva PLC, part of its recent crackdown on private equity insurance deals, the Wall Street Journal reported.
Australian surfwear company Billabong International Ltd will sell its DaKine clothing and accessories brand and jettison Chief Executive Launa Inman as part of a A$395 million ($359 million) refinancing deal with a former private-equity suitor, Reuters reports.