The New York-based boutique retail and consumer products investment bank Financo said Tuesday it received a capital investment from John Berg and Colin Welch and said Berg will take on the position of chief executive. Welch, who was previously CEO of Financo, will become the firm’s chief operating officer and chief executive of its European operations. […]
Guggenheim Partners, Mandalay Entertainment, and Mosaic Media Investment Partners announced last week that they are purchasing Dick Clark Productions from RedZone Capital Management, the private equity firm controlled by Washington Redskins owner Dan Snyder. The terms of the transaction were not disclosed, though a report in the L.A. Times suggested its price tag was close to […]
Onex Partners III will make a $260 million investment in SGS International, a provider of packaging graphics services, as part of a $813 million deal in which Onex Corp will acquire the company. The company’s senior management will also invest in the company as part of the transaction, they announced. REUTERS STORY: Onex to buy […]
NVM Private Equity has completed the 7.5 million pound ($11.9 million) management buyout of Swansea-based Silverwing Group funded through a combination of equity and bank debt from RBS. NVM invested a total of 6 million pounds ($9.5 million). PRESS RELEASE NVM Private Equity (NVM) has completed the 7.5 million pound ($11.9 million) management buy-out of […]
Welsch, who handled Southeast and Mid-Atlantic sponsor coverage at KeyBanc, has left to join Fifth Third Bank.
J-Star Co., a Tokyo PE firm, has agreed to sell its stake in Iki Iki K.K. to NK Relations Co., a unit of Noritsu Koki Co. Financial terms were not disclosed. Iki Iki K.K., also of Tokyo, is a lifestyle publishing magazine that targets senior females age 50 and up. GCA Savvian Corp. provided financial advice. […]
Shandong Heavy Industry Group will buy a one quarter stake in Kion Group, giving China access to industrial technology from the world’s number two fork lift truck maker in the largest direct investment by a Chinese company in a German firm, Reuters wrote Friday. The 738 million euro ($922 million) deal, which is expected to […]
Three investment funds led by the chairman of Redrow are considering a takeover offer for the British housebuilder valuing it at 562 million pounds ($889 million), Reuters wrote Friday. Bridgemere Securities, controlled by Steve Morgan, Penta Capital LLP and Toscafund Asset Management LLP said on Friday they were considering a cash offer of 152 pence […]
Michael’s Finer Meats, which is backed by Sorenson Capital Partners, has been sold to The Chefs’ Warehouse. Financial terms weren’t announced. Columbus, Ohio-based Michael’s supplies center-of-the-plate meats and seafood to restaurants, country clubs, high-end hotels, caterers and casinos. BlackArch Partners provided financial advice to Michael’s. PRESS RELEASE –BlackArch Partners is pleased to announce the closing […]
Fox Paine, the Woodside, Calif.-based private equity firm, has completed its sale of Paradigm, maker of geoscience softwae, to Apax Partners and JMI Equity in a $1 billion cash merger trasnaction. Fox Paine Fund II acquired then publicly traded Paradigm in August 2002. The firm says it is realizing a 7.8x return with Paradigm’s sale. […]