Bloomberg is reporting that Bain Capital and Hellman & Friedman are working together on a deal for Lehman Brothers' investment management business, with an announcement to come as early as today. Each firm last week submitted separate bids of around $4 billion for the unit, which manages over $270 billion in assets. This includes Lehman's $35 billion private equity program, which includes buyout funds, venture capital funds, funds-of-funds and fund placement.
Sun Capital Partners has acquired Gordmans Inc., an Omaha, Neb.-based apparel and home fashions retailer in the Midwestern U.S. No financial terms were disclosed. Gordmans was advised on the deal by Harris Williams & Co.   PRESS RELEASE   Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and […]
AIG Investments has invested new capital into Blue Intercontinental Micro Finance Bank, a JV between Nigeria's Intercontinental Bank and Blue Financial Services, which provides micro-financing services and products into Nigeria's retail market. AIG had previously invested in both Intercontinental Bank and Blue Financial Services. No financial terms were disclosed.
Tricap Partners, a private equity fund managed by Brookfield Asset Management, has acquired MAAX Corp., a Montreal-based maker of bathroom fixtures. No financial terms were disclosed. MAAX had been acquired four years ago for C$640 million by J.W. Childs & Co., Borealis Private Equity and Ontario Municipal Employees Retirement System. It subsequently completed a recap […]
Versa Capital Management has agreed to acquire substantially all the assets of retailer Boscov’s Department Store LLC, which filed for Chapter 11 bankruptcy protection on August 4.    PRESS RELEASE Boscov’s Department Store LLC (Boscov’s), announced today that it has signed a Letter of Intent (LOI) for the sale of substantially all of its assets […]
Kohlberg & Co. has agreed to acquire Centerplate Inc. (AMEX/TSX: CVP), for approximately $83 million (33% premium to yesterday’s closing price). Centerplate is a Stamford, Conn.-based provider of food services, including concessions, catering and merchandise services in more than 130 sports facilities, convention centers and other entertainment venues throughout the United States and Canada.
LONDON (Reuters) – A private equity consortium dropped its 1.9 billion-pound ($3.5 billion) bid for British media company Informa (INF.L) on Friday after Informa rejected a reduced offer, sending Informa shares as much as 9 percent lower. Publishing and events group Informa, whose titles include the maritime newspaper Lloyd’s List, said earlier this month the […]
(Reuters) – Citigroup Inc is considering making a bid for Washington Mutual Inc, the Wall Street Journal said on Friday, citing people familiar with the situation. JPMorgan Chase & Co is biding its time on a potential bid, the newspaper said, citing people close to JPMorgan.  Calls to the three finance companies were not immediately […]
BRUSSELS (Reuters) – British private equity firm Lion Capital won permission from the European Commission on Thursday to buy UK food products company The FoodVest Group. “After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it,” the EU’s […]
HgCapital, a pan-European private equity firm, has joined Swiss investor Capvis in its €325m (US$461m) acquisition of Koenig Verbindungtechnik (KVT), a Swiss fastenings and sealing technology products subsidiary of German-listed Klöckner. Capvis announced the deal in July, but with the transaction price for KVT totalling €325m and the investment being made from Capvis III, a […]
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