GE Capital today announced it is serving as administrative agent on a $150 million senior secured credit facility to support the combination of retailing operations of golf good stores Golf Town and Golfsmith which now become Golfsmith International and will operate a combined 151 retail locations across the U.S. and Canada, along with an e-commerce […]
CIBC, one of Canada’s largest banks, announced today that it has reached an agreement to acquire Griffis & Small, a Houston-based energy advisory firm specializing in acquisitions and divestitures (A&D) in the exploration and production (E&P) sector. Terms were not disclosed PRESS RELEASE: CIBC announced today that it has reached an agreement to acquire Griffis […]
Wisconsin grinds some early returns of out PE investments including Blackstone and the Carlyle Group in a mega-secondary deal.
South African paper maker Mondi Group secured European Union regulatory approval on Thursday for its $782 million purchase of German packaging company Nordenia that will boost its presence in consumer packaging, Reuters reported Thursday. Mondi has said the deal would result in 15 million euros in annual pre-tax cost synergies. The seller is private equity […]
Russian state railway monopoly Russian Railways has considered bidding for French carmaker Peugeot‘s logistics division GEFCO, according to materials produced for a Russian Railways’ board meeting seen by Reuters on Thursday, Reuters reported. Peugeot plans to sell a 75 percent stake in GEFCO for up to 1 billion euros ($1.25 billion) to cut the car […]
After a lengthy sale process, DuPont Car Paints will be dealt to the Carlyle Group, a PE firm that has recently been on quite the hot streak.
Guggenheim Partners is nearing a deal to buy Dick Clark Productions as “American Idol” host Ryan Seacrest and his private equity partners have opted out of the auction of the company, media reports said. Seacrest, along with Thomas H. Lee Partners and Bain Capital, withdrew from the bidding process after an initial round of talks […]
ITC Global, which is backed by Riverside Partners, has agreed to buy Spidersat Communications. Financial terms weren’t announced. Spidersat, of Tanzania, Africa, provides satellite-based communication services for mining, exploration, and mining services companies operating in that country. PRESS RELEASE ITC Global, Inc. (“ITC Global” or the “Company”), a leading global provider of enterprise grade satellite […]
Praesidian Capital said Wednesday that it has exited $7.5 million of senior secured debt provided to National Truck Protection Co. Carlstadt, N.J.-based National Truck provides warranties and service contracts to the North American trucking industry. PRESS RELEASE Praesidian Capital (“Praesidian” or “the Firm”), a leading provider of mezzanine capital for small and mid-sized companies, reported […]
Investors of Willis Stein's third fund were allowed to cash out or invest in a new partnership. Many took the cash.