Clearlake Capital Group has acquired about 89% of Bluefly's outstanding shares directly from the company's principal stockholders. Clearlake also agreed to buy additional shares from Bluefly which, together with the stock it is buying from principal stockholders, represents more than 90% of the company's outstanding shares. Financial terms weren't announced. Bluefly expects to cease trading on the NASDAQ before the open today. Bluefly is an online retailer of designer brands.
Toshiba Corp and U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) are among those expected to bid for Panasonic Corp's healthcare business, sources told Reuters.
3i Group PLC is taking over the European infrastructure fund management business run by Barclays as part of a plan to boost fee income from public-private partnerships and energy investment projects, Reuters is reporting.
Catamount Ventures said Thursday that it agreed to sell Plum Organics to Campbell Soup Co. Financial terms weren't announced. Earlier, Catterton Partners said it also agreed to sell its stake in Plum, a provider of organic baby food.
Catterton Partners said Thursday that it has agreed to sell Plum Organics to Campbell Soup Co. Financial terms weren't announced. Emeryville, Calif.-based Plum Organics provides organic baby foods.
Apax Partners has agreed to buy rue21 for $42 per share cash or about $1.1 billion. The deal represents a roughly 23% premium to rue21's closing price yesterday. The board of rue21 has approved the deal. Rue21 is a specialty apparel retailer of girls and guys apparel and accessories. The deal includes a 40 day go-shop where the rue21 special committee can actively solicit, evaluate and enter into negotiations with other parties offering a superior proposal. J.P. Morgan Securities LLC, BofA Merrill Lynch and Goldman Sachs are providing financial advice to Apax. Perella Weinberg Partners is the financial advisor to the special committee. BofA Merrill Lynch, J.P. Morgan and Goldman Sachs are providing debt financing.
Blackstone Group LP and Prologis Inc have agreed to buy a portfolio of 17 million square feet of warehouse and distribution centers whose majority owner is Lehman Brothers for about $960 million, sources tell Reuters.
Building products maker CPG International is being prepared for a sale by its private equity owner, a deal that could fetch between $1 billion and $1.5 billion, sources tell Reuters.
Title insurer Fidelity National Financial Inc and buyout firm Thomas H. Lee Partners are in advanced talks to acquire mortgage service provider Lender Processing Services Inc, Reuters reports.
Capital Dynamics has invested in a 21-megawatt (MW) onshore wind farm project in Northern Ireland. Capital Dynamics holds a 100% ownership stake in the project called the Dunmore wind farm.