Midlands, Texas-based Legacy Reserves has appointed Dan Westcott as Executive VP and CFO, effective later this month. Westcott was previously a principal at GSO Capital Partners, a division of the Blackstone Group. Legacy Reserves is an independent oil and natural gas limited partnership that is focused on the acquisition and development of oil and natural gas […]
New Mountain will be getting more money back. But this time it's Ikaria that's paying out a $172 million dividend.
Snyder’s-Lance Inc., the publicly traded snack food company, is paying $340 million in cash to buy Snack Factory LLC. The deal is expected to close in the fourth quarter. Snack Factory was backed by VMG Partners. Snyder’s-Lance was advised by Edgeview Partners on the deal. Snack Factory and VMG Partners were represented by Houlihan Lokey […]
Jordan-based private equity firm Foursan Group has acquired a 6.6% stake in Jordan Dubai Islamic Bank, making it the bank’s second largest stakeholder, Foursan said on Thursday, according to a Reuters report. The firm declined to disclose the monetary value of the deal. It is not yet considering seeking a seat on the bank’s board […]
Heartland Dental Care Inc., one of the largest dental practice management companies in the United States, is exploring a sale that could fetch as much as $1.4 billion, according to two people familiar with the matter, Reuters wrote Thursday. The company, in which Chicago-based private equity firm CHS Capital Partners has a stake, has hired […]
Cosmetics company Physicians Formula Holdings Inc., which in August agreed to go private with Swander Pace Capital, said it received a rival buyout offer of about $67.2 million from an unnamed party, Reuters reported Thursday. The new unsolicited, non-binding offer of $4.90 per share is at a 12 percent premium to Physicians Formula’s Wednesday close […]
Mid-market private equity shop GI Partners has sold PC Helps Support LLC, a provider of desktop and mobile software application support services, to Baird Capital Partners. Terms were not released, but GI Partners said it saw a return of approximately five times invested capital to limited partners of GI Partners Fund II, L.P. PRESS […]
Burroughs, a Plymouth, Mich.-based provider of document and payment- processing image technology and cash-automation services, has acquired Absolute ATM Services Inc. Terms were not released. Absolute ATM is a Houston, Texas-based provider of ATM equipment and ATM services. Burroughs is owned by Marlin Equity Partners. PRESS RELEASE Burroughs Inc., is pleased to announce it […]
Some big name bidders--Blackstone, GTCR and Ares Management among them--are weighing a buyout of Vivint, the home technology and automation services company that could go for $2 billion.
After all the effort TPG Capital has put into trying to acquire Aussie clothing maker Billabong, it may ultimately be Bain Capital that skates off with the deal.