India’s Welspun Energy is in talks with renewable energy funds to sell a small stake in the company and raise $150 million to $200 million for investments in wind energy farms, the Economic Times reported on Wednesday, citing sources. The deal could lead to one of the founders reducing stake by up to 15 percent […]
Natural gas-focused Venoco Inc. said Chief Executive Timothy Marquez has received a “highly confident” letter regarding a portion of the financing necessary to take the company private, Reuters wrote Wednesday. Venoco in January agreed to be acquired by Marquez for $12.50 per share. (Reuters) – Natural gas-focused Venoco Inc said Chief Executive Timothy Marquez has […]
Quest Software agreed to stick with a deal to sell itself to Insight Venture Partners, after the private investment firm and new partner Vector Capital raised their bid to $2.17 billion, above a competing offer made last week, Reuters reported Tuesday. The Insight-Vector cash offer of $25.75 a share tops a $25.50 bid made by […]
Private equity groups Blackstone and BC Partners have teamed up to bid for Europe’s largest frozen foods maker Iglo Group, which seller Permira hopes will fetch some 2.8 billion euros ($3.55 billion), a person familiar with the situation said, according to a Reuters report Wednesday. (Reuters) – Private equity groups Blackstone and BC Partners […]
U.S. private equity firm Sun Capital Partners has appointed Morgan Stanley to sell DBApparel, the maker of Wonderbra, Dim and Playtex lingerie, in a deal that could fetch more than 600 million euros ($761 million), French daily newspaper Les Echos said on Wednesday, citing unidentified sources. The business, which Sun Capital bought from Sara Lee […]
Today's First Read comes with a dose of bad news for US VCs, the problem with Oracle and keeping it clean in a dirty business.
Well, if there's anyone that could successfully extract value from used-up old handset makers, it would be private equity...
Smokey Bones, an Orlando, Florida-based restaurant chain that has been owned since 2008 by Sun Capital Partners, has named Christopher Artinian as its new president and CEO. Artinian was formerly president and CEO of Morton’s Restaurant Group. Smokey Bones operates 66 locations in 17 states and employs nearly 2,300 people. PRESS RELEASE: Smokey Bones Bar & […]
Cambridge, Mass-based Merrimack Pharmaceuticals has elected to its board John Mendelsohn, M.D., the past president of the University of Texas MD Anderson Cancer Center. Merrimack is dedicated to the discovery and development of novel medicines to treat cancer. PRESS RELEASE: Merrimack Pharmaceuticals, Inc. MACK -3.80% today announced the election of John Mendelsohn, M.D., past president […]
LLR Partners is expected to come to market with its fourth fund this year.