BNP Paribas and Commonwealth Bank of Australia have sold a total of around A$130 million ($133 million) of senior debt in global buyout fund CVC Asia Pacific’s Nine Entertainment TV network, writes Reuters. Hedge funds have bought most of the debt, three sources told Reuters. (Reuters) – BNP Paribas and Commonwealth Bank of Australia have […]
Majestic Star Casino has successfully completed restructuring and emerged from Chapter 11 bankruptcy, writes Reuters. The casino operator, which had filed for bankruptcy in November 2009, said it eliminated over $500 million in debt, Reuters reports. Private investment funds managed by Wayzata Investment Partners will be the largest holders of Majestic Holdco. (Reuters) – The […]
Svoboda Capital Partners said late Thursday that Peter Gotsch and David Schumacher of Ellipse Capital have joined the firm. Gotsch will be an MD while Schumacher will be a VP. A Svoboda spokeswoman says principals of Ellipse will continue to actively manage Ellipse's existing investments, but all new ones will be pursued by Svoboda.
Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything – all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important.- Steve Jobs Watching an entrepreneur fail is sad, but watching them fail from a lack of nerve is tragic.
New York-based buyout shop Harvest Partners has recapped of Document Technologies, providing a “successful liquidity event” for Quad-C Partners VII, L.P., the firm announced Friday. No terms of the deal were disclosed. Atlanta-based Doument Technologies is a provider of outsourced litigation support services, including facilities management services and electronic and paper discovery.
Brynwood Partners’ wholly-owned subsidiary Golden Sun Holdings has acquired Newhall Laboratories, a maker of personal care brands including la bella, Monkey Brains and GroWorks. Terms of the deal were not released. The deal is the third personal care acquisition from Brynwood Partners VI L.P. Newhall is based in Santa Clarita, Calif.
A Delaware judge has approved an $89.4 million settlement for shareholders of Del Monte, who sued claiming they were slighted in the company’s sale to buyout shop Kohlberg Kravis Roberts & Co., Reuters reported Friday. Del Monte’s advisor, Barclays, and Del Monte will contribute to the settlement.
Publicly traded gaming company Electronic Arts Inc. has acquired KlickNation, a developer of free social role-playing games. Terms of the deal were not released. The company’s team has joined Electronic Arts’ BioWare division.
ConAgra Foods Inc. has completed its acquisition of National Pretzel Co. from Brookstone Holdings. Terms of the deal, originally announced in last month, were not released. National Pretzel is based in Lancaster, Penn.
Falconhead Capital has acquired a controlling stake in Rita’s Water Ice Franchise Co., a company based in Trevose, Penn. Financial terms of the transaction were not disclosed. Formed in 1984, Rita’s Water Ice is a regional Italian ice company.