Marc Potash, ex-CEO of SecureNet, is suing Sterling Partners for $375 million. He claims he was duped into selling 52% of the company in 2010.
Morgan Stanley Global Private Equity has formed a strategic partnership with OSF Merchant Banking to explore investment opportunities in Brazil. Morgan Stanley Global PE has invested over $8 billion equity acorss several industries. PRESS RELEASE Morgan Stanley Global Private Equity has formed a strategic partnership with OSF Merchant Banking to pursue investment opportunities in Brazil. […]
Green Bancorp has agreed to buy Opportunity Bancshares and its wholly-owned subsidiary, Opportunity Bank. Financial terms weren’t announced. Opportunity Bank operates a banking office in Richardson, Texas. Opportunity Bank reported $52 million in total assets as of Dec. 31, total loans of $31 million and total deposits of $43 million. The deal, subject to board […]
A regulatory filing suggests Audax Group is close to investing in a security products distributor, with Brazos Private Equity the selling stakeholder.
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Water Street Healthcare Partners and Wind Point Partners are exiting their investment in Physiotherapy Associates, selling the company to New York-based private equity firm Court Square Capital Partners. Terms were not released. Water Street and Wind Point Partners partnered to form Physiotherapy Associates in 2007. PRESS RELEASE Water Street Healthcare Partners and Wind Point Partners […]
Middle-market investment bank Harris Williams & Co. announced Wednesday the acquisition of Walker Group Holdings by publicly traded Wabash National Corp. Wabash paid $360 million for the company, a supplier of stainless steel products. Walker is a portfolio company of Insight Equity, a Dallas-Fort Worth, Texas based private equity firm. Harris Williams & Co. is […]
Babson Capital Management has provided mezzanine debt and equity to support Huntsman Gay Global Capital’s acquisition of Citadel Plastics Holdings Inc., the firm announced Wednesday. Citadel Plastics, based in West Chicago, Ill., is a compounder of thermoset and thermoplastic resins. PRESS RELEASE Babson Capital Management LLC (Babson Capital), an investment management firm based in Springfield […]
New York-based Abacus Finance Group announced Wednesday that it had supported the recapitalization of BioPharm Communications by Southfield Capital. Abacus served as Administrative Agent and Sole Lead Arranger for $18.5 million in senior cash-flow financing to support the majority recapitalization, the firm said. PRESS RELEASE Abacus Finance Group, LLC (Abacus), a New York-based specialty […]
Private equity fund PCP Capital Partners is in talks to buy a central London site owned by UK developer Land Securities for 230 million pounds ($367 million), Reuters reported Wednesday. Arundel Great Court, which is located near the River Thames, has planning permission for a 1 million square foot redevelopment to contain offices, shops, 150 […]