New Mountain, after a seven year hold, will exit Deltek.
Houston-based chemicals maker TPC Group Inc. has agreed to be taken private for $627.2 million by private equity firms First Reserve Corp. and SK Capital Partners as prices for its main product, used to make tires, remain depressed. TPC, which produces butadiene used in making synthetic rubber for tires and other automotive products, has seen […]
Tornier N.V., the global medical device maker, will acquire Ohio-based OrthoHelix Surgical Designs in a $135 million deal. The buy also includes additional milestone payments over the next two years. The up front purchase price includes $100 million in cash and $35 million in Tornier shares. PRESS RELEASE: Tornier N.V. (NASDAQ: TRNX), a global medical […]
Dubai International Capital, the private equity arm of Dubai Holding — which restructured $2.5 billion debt in April — sold its stake in a $300 million Middle East North Africa infrastructure fund to Islamic investment firm Fajr Capital. Fajr, which is backed by prominent investors such as Abu Dhabi Investment Council and Malaysia’s state investor […]
Blackstone's executives are chattering about who will be at the helm of the listed private equity firm after Steve Schwarzman. So--who will it be?
Tenaska Solar Ventures, an affiliate of Omaha-based Tenaska, has acquired the Silverleaf photovoltaic solar project, a proposed 160-megawatt solar energy project. Tenaska is buying the project from Solar Holdings, an affiliate of Agile Energy LLC, and Bregal Energy, an affiliate of Agile Solar Holdings. The deal closed August 1. Terms were not disclosed. PRESS […]
Chicago-based buyout shop Wind Point Partners will buy Shearer’s Foods, the firm announced. Terms of the deal, expected to close in October, were not released. Brewster, Ohio-based Shearer’s is a producer of private label salty snacks including kettle cooked potato chips. PRESS RELEASE Wind Point Partners, a Chicago-based private equity investment firm, today announced it […]
Switzerland’s SFS Group has agreed to buy Singapore disc drive component maker Unisteel Technology International from private equity fund KKR & Co. L.P. for an undisclosed sum, the companies said in a joint statement on Monday. The deal marks KKR’s first full exit from an asset in its first pan-Asia fund, according to a source […]
Thoma Bravo is paying $1.1 billion to buy Deltek, a provider of enterprise software for professional services firms and government contractors. The $13 per share transaction represents a 7% discount to Deltek’s stock price on August 24. PRESS RELEASE Deltek, Inc. (Nasdaq: PROJ), the leading global provider of enterprise software and information solutions for professional […]
Galatyn Private Equity and Vspeed Capital have acquired Fortress Solutions Ltd., a provider of repair services, refurbishment and life-cycle management for back-office equipment for telecommunication and cable service providers. Terms of the deal were not released. As part of the deal, Brendon Mills and Brian Alton, managing partners of Vspeed Capital, will join the company […]