With income tax increases fast approaching, company earnings improving, and acquisition capital readily available, now would seem like an ideal time for owners to diversify their assets and seek liquidity.
ConvergEx, which is backed by GTCR and BONY, has put its Eze Castle unit up for sale, sources tell peHUB. A sale could fetch north of $1 bln.
Private equity group Apax has received tentative bids for its direct sales company LR Health & Beauty, three sources close to the transaction told Reuters. LR Health & Beauty sells cosmetics, fragrances and nutrition products mainly in Germany, but also in other European countries including France, Italy and Russia. It has 1,000 staff and 300,000 […]
Private equity firm Carlyle is to take a minority stake in Penti, as Turkey’s largest maker and retailer of lingerie and swim wear looks to expand internationally. The size of the stake and the value of the investment were not disclosed, though some Turkish press reports have placed a value of about $450 million on […]
Blackstone Group LP will buy home security provider Vivint Inc. for over $2 billion, the companies said in a statement. A fund managed by Blackstone on behalf of its private equity investors will acquire Vivint from existing shareholders, including Goldman Sachs, Peterson Partners and Jupiter Partners. Blackstone will buy Vivint Solar Inc and 2GIG Technologies […]
GMT Communications Partners, a European media and communications focused private equity group, has teamed up with the management and founding chairman to invest in Seagull, a provider of computer based training systems and e-learning for seafarers worldwide. The business was founded in 1996 by its chairman, Oscar Johansen, a long term maritime industry executive, and financial partner Bjørn L.G. Braathen.
McWane Technology, a maker of ductile iron pipe, valves, hydrants, and fittings that is based in BIrmingham, Ala., has acquired a majority interest in Nighthawk, a Dallas-based smart grid design company. Terms of the deal were not disclosed. PRESS RELEASE: Nighthawk, a leading wireless smart grid solutions provider, announced today that McWane Technology, LLC, an affiliate […]
Pressure Cylinders, a division of Columbus, Oh.-based Worthington Industries, has acquired Westerman Companies — a maker of tanks and pressure vessels for the oil and gas, nuclear and marine markets — for $70 million. Worthington is publicly traded. It’s using $6 million of the purchase price to pay down Westerman debt. PRESS RELEASE: Worthington Industries, […]
London-based H.I.G. Whitehorse has brought aboard as a managing director Haseeb Aziz. Aziz was formerly a partner at Hutton Collins Partners, a subordinated debt and preferred equity fund manager. H.I.G. Whitehorse is the credit arm of H.I.G. Capital, which specializes in providing debt capital to middle market companies in Europe and the U.S. PRESS RELEASE: […]
The auction of TransFirst gears up and bids are due Oct. 1. Welsh Carson is the seller. Also, BluePay is on the auction block. Goldman Sachs is an investor.