Partners Group said on Tuesday that it acquired a majority stake in CSS Corp in a $270 million transaction. CSS Corp is a provider of global information and technology services.
Oxford Resource Partners said on Tuesday that it has closed $175 million in new credit facilities. Cerberus Capital Management provided a first lien $75 million term loan and $25 million revolving credit facility while Tennenbaum Capital Partners arranged a second lien $75 million term loan. Evercore Partners served as financial advisor. Headquartered in Columbus, Ohio, Oxford Resource Partners is a producer of steam coal in Northern Appalachia and the Illinois Basin.
Medivir AB has agreed to sell Cross Pharma AB to Unimedic AB, a subsidiary of MedCap AB. The consideration is 125 MSEK on a cash and debt free basis. MedCap is a Nordic listed private equity player.
Shore Points Capital and Greyrock Capital Group have invested in Colyar Consulting Group. Financial terms were not announced.Phoenix-based Colyar Consulting provides software solutions to state governments in support of United States Department of Agriculture Child Nutrition and related Food Distribution Programs.
Club Mediterranee's board accepted an improved offer from two top shareholders that plan to take over the French holiday firm and accelerate its shift to fast-growing markets, writes Reuters. Chinese investor Fosun International and AXA Private Equity, which have teamed up with management, raised their bid to 17.50 euros a share from a previous offer of 17 euros that had left some shareholders unhappy, writes Reuters.
Partners Group has acquired a majority stake in CSS Corp in a $270 million transaction. CSS Corp is a global technology support services business and provides a range of services, including mobility solutions, cloud enablement, technical support and remote infrastructure management.
Cerberus Capital Management LP failed in its push for a management shakeup at Japan's Seibu Holdings on Tuesday, prompting the U.S. private equity giant to hit out at the conglomerate for snubbing foreign investors, Reuters reported.
Insight Venture Partners has invested in Kaseya. Financial terms weren't announced. Kaseya, of Switzterland, provides IT Service Management software services.
Ousted Men's Wearhouse founder George Zimmer is mulling his options, which could involve teaming up with private equity firms to launch a buyout bid or trying to wage a proxy battle, industry bankers and lawyers told Reuters.
French industrial company Lafarge said on Monday that it has sold its North American gypsum assets to Lone Star Funds for $700 million in cash. Lafarge's North America's gypsum division produces gypsum wallboards and joint compounds in the U.S. and Canada. According to Lafarge, this transaction is expected to close "very soon."