Investcorp, a Bahrain-based investment firm, said on Tuesday its private equity fund bought a 30% stake in Turkish menswear retailer, Orka Group, tapping into growth opportunities in the fast-growing country, Reuters reported. Turkey’s organized luxury menswear market is estimated to be worth $7.4 billion, Investcorp said, adding the investment will help Orka accelerate its growth […]
Vivendi‘s Universal Music Group will offer to sell three music labels belonging to takeover target EMI in a bid to ease European Union competition concerns about the $1.9 billion deal, two people familiar with the matter said on Tuesday, Reuters reported. The European Commission has warned Universal that its plan to buy EMI’s recorded music […]
DiamondRock Hospitality Co. said Monday it completed its buy of four hotels from Blackstone Real Estate Partners VI for a contractual purchase price of approximately $495 million. The deal includes the Hilton Boston Downtown, the Westin Washington D.C. City Center, the Hilton Burlington, and the Westin San Diego. Goldman Sachs acted as primary financial advisor […]
Correct Care Solutions, which is backed by Audax Group and Frazier Healthcare, has agreed to buy Conmed Healthcare Management for $3.95 a share cash or $59 million. The transaction is expected to close in third quarter. Conmed, of Hanover, Md., provides correctional facility healthcare services to juvenile and adult county detention centers. Cantor Fitzgerald & […]
Publicly traded Global Power Equipment Group Inc. is buying Wagner Custom Controls Holdings, providing an exit for High Street Capital. Terms of the deal were not released. Based in South Bend, Indiana, Koontz-Wagner is a manufacturer and integrator of engineered packaged control house solutions for the energy, oil & gas and electrical industries. PRESS RELEASE […]
Baird Capital Partners has acquired Titusville, Fla.-based Eckler’s, a marketer of restoration parts and accessories for classic and enthusiast vehicles. Terms of the deal were not released. PRESS RELEASE Baird Capital Partners (BCP), the US-based buyout fund of Baird Private Equity, announced today the acquisition of Eckler’s, the premier multi-channel, direct-to-consumer marketer of restoration parts […]
Private equity firm Sycamore Partners extended the expiration date of its tender offer to buy Talbots Inc. by 14 days. Sycamore said in May that it would buy the women’s apparel retailer for $193.3 million, or $2.75 per share — a price that was lower than its previous offers. As of midnight New York time […]
All the biggest boldface names at the Carlyle Group have jumped on board for a number of different energy mezzanine plays--what remains unclear is, how much capital they'll be putting to use.
Australia’s largest poultry producer, privately held Ingham, with annual sales of A$2.1 billion ($2.14 billion), said on Monday investment bank Investec has been appointed to sell the business, a deal that could attract private equity interest. Hong-Kong based Affinity Equity Partners last year bought chicken firm Tegel Foods in New Zealand from private equity firm […]
Private equity, just like their strategic competitors, have been pushing major investments through the deal pipeline with the US Supreme Court's decision to uphold the Affordable Care Act.