Energy management company Comverge Inc., which has been exploring strategic alternatives for over a year, said it will be taken private by H.I.G. Capital in a $49 million cash deal. The $1.75 per share offer price is a 7% discount to Comverge’s Friday close of $1.88. (Reuters) – Energy management company Comverge Inc , which […]
Chicago-based buyout shop Wind Point Partners has exited its investment in Santa Maria Foods. The firm is selling the company to Sofina Foods. Terms of the deal were not released. Wind Point acquired Santa Maria in 2007. PRESS RELEASE Wind Point Partners, a private equity investment firm based in Chicago, announced today that it has […]
Birds Eye Iglo, the frozen foods business bought out of Unilever by the private equity group Permira, is joining the shopping trolley of food assets up for sale, the Financial Times reported on Monday. A sale is expected to raise approaching 3 billion euros, according to the article. (Reuters) – Birds Eye Iglo, the frozen […]
Berry Plastics, owned by Apollo Global and Graham Partners, has filed for an IPO that could raise as much as $500 mln.
Vestar is selling Solo Cup after more than seven years and is expected to make $38 million on its minority stake.
Sealy Corp. defended on Friday private equity firm KKR & Co., its largest shareholder, against a hedge fund’s allegations of mismanagement and conflicts of interest that have led to the mattress maker losing 90% of its market value, Reuters wrote Friday. In a letter to Sealy earlier this month, H Partners Management, which has a […]
Italian private equity funds Palladio and Sator said on Thursday they were extending to April 30 the deadline for their offer to rescue insurance group Fondiaria-SAI, to give more time for their proposal to be assessed, Reuters reported. Palladio and Sator, whose offer was scheduled to expire on March 22, are challenging a rival plan […]
PRIMEDIA, a private equity-backed resource for apartment and rental home listings, will acquire Rent.com from eBay Inc. Terms of the transaction were not disclosed. The deal is expected to close during the second quarter. TPG Capital acquired PRIMEDIA in mid-2011. PRESS RELEASE PRIMEDIA, a premier renter resource for apartment and rental home information and listings, […]
Distribution International, an Audax Group portfolio company, has completed the acquisition of IDC Corporation. IDC is a New York-based distributor of mechanical insulation, abatement, fire stopping, and safety products. Terms of the deal were not released. PRESS RELEASE Distribution International, an Audax Group portfolio company, has completed the acquisition of IDC Corporation (“IDC”). Headquartered in […]
Korea Life Insurance said on Friday that it has placed a final bid for a controlling stake worth about $875 million in Tong Yang Life Insurance Co Ltd., Reuters reported. Private equity firm Vogo Fund is seeking to sell an up to 60.7% stake in Tong Yang, worth about 989 billion won ($875.61 million) at […]