ACON Investments and MidOcean Partners have merged portfolio companies, Fairway Outdoor Advertising and Olympus Media. Financial terms were not announced. The combined company, Fairway Media Group, of Greenville, S.C., has more than 21,300 bulletin and poster displays in 17 states across the Southeast and Midwest. PRESS RELEASE ACON Investments and MidOcean Partners announced today that […]
The sale of Deutsche Bank funds business is off after Guggenheim Partners walks away from buying RREEF.
Alterra Capital Holdings, which is backed by Stone Point Capital, has formed another sidecar. New Point V, which also has funding from Stone Point, has raised about $210 million to invest in the property catastrophe collateralized reinsurance marketplace. Stone Point is the manager of Trident Funds. PRESS RELEASE Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; […]
Jamie Dimon's testimony in Congress is over and private equity wasn't dragged into the discussions. But wait, there's still Volcker.
PE-backed LANDesk Software, a maker of systems lifecycle management, endpoint security and IT service management software, has acquired Wavelink, a provider of mobility management technology. Financial terms of the deal were not disclosed. LANDesk Software is a portfolio company of Thoma Bravo. PRESS RELEASE LANDesk Software, a global leader in systems lifecycle management, endpoint security […]
Frazier Healthcare has completed its acquisition of the U.S. commercial pharmaceutical packaging operations of Catalent Pharma Solutions Inc., the firm announced. Terms were not released. The business will be operated as Packaging Coordinators. PRESS RELEASE Frazier Healthcare and Catalent Pharma Solutions, Inc., today announced they have closed the purchase and sale of Catalent’s U.S. […]
Embattled U.S. truck and engine maker Navistar International Corp. adopted a shareholder rights plan to “deter coercive takeover tactics” in the face of pressure from two activist investors, Reuters reported Wednesday. The company, which early this month surprised Wall Street with a quarterly loss that sent shares down as much as 28 percent, made the […]
Huron Capital Partners has recapitalized Bloomer Plastics Inc., a Wisconsin-based manufacturer of cast extruded plastic films used in high-performance industrial, medical, and consumer markets. The company becomes the 8th platform in Huron’s Fund III, the firm said. Terms were not released. PRESS RELEASE Huron is pleased to announce its latest platform investment, Bloomer Plastics, […]
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 […]