Global buyout fund KKR is to acquire a stake in privately held retailer Novo Holdco Ltd for $30 million, writes Reuters. KKR gave no further details of the investment in a statement, but a source said the firm would buy about 40 percent of the company and gain two seats on the five-member board, according […]
UK-based private equity house Exponent Private Equity has acquired Fintrax Group Holdings for 170 million euros ($211.2 million) from majority shareholder the Barry Family Trust and management. Fintrax, which employs over 400 people across 26 countries, specialises in multicurrency payments, VAT refunds and credit card processing. PRESS RELEASE Exponent Private Equity (“Exponent”), today announces the […]
Mezzanine financing could be a winner in the Libor scandal, according to Evan J. Segal, an entrepreneur and author.
Attention private equity investors! Have you been wondering why all those family and entrepreneurial owned companies are not eagerly putting their companies up for sale?
MSC Care Management, which is backed by Monitor Clipper Partners, has closed its merger with One Call Medical. Financial terms weren’t announced. The deal was announced on July 31. The merged companies will operate under the One Call Medical parent entity. Parsipanny, N.J.-based One Call provides workers compensation services. Jefferies & Co. provided financial advice […]
USI Insurance Services, which is backed by GS Capital Partners, has closed its buy of Suncoast Insurance Associates. Financial terms weren’t announced. Tampa, Fla.-based USI provides insurance for design firms in that state. The acquisition is expected to add about $3 million in revenue to USI on an annual basis, a statement says. PRESS RELEASE […]
Seattle-based Westward Partners has bought a majority interest in Alberta-based DLM Oilfield Enterprises Ltd. Terms were not released. DLM provides maintenance services to cold oil and SAGD production facilities throughout Northeast Alberta. PRESS RELEASE Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses is pleased to announce a majority interest acquisition of […]
Tallgrass Energy Partners L.P. will pay $1.8 billion to acquire Kinder Morgan Interstate Gas Transmission, Trailblazer Pipeline Co., the Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming, and KMP’s 50% interest in the Rockies Express Pipeline, the company announced Monday. Tallgrass is owned by the management team of Tallgrass, Kelso & […]
Australia’s Hastings Diversified Utilities Fund, the subject of a takeover battle, said Pipeline Partners Australia has declined to match a sweetened A$1.4 billion ($1.47 billion) offer by a Monday deadline set by HDF. The offer from rival gas distributor APA leaves APA in the lead to win control of two key gas pipelines owned by […]
Best Buy shares could be poised to take a dive first thing Monday after it was announced the company's founder refused to come to the bargaining table when summoned for due diligence of his alleged bid.