Evercore Partners is paying $45 million to acquire a 45% non-controlling interest in ABS Investment Management. ABS Investment is an equity long/short hedge fund-of-funds manager. The deal is expected to close during the fourth quarter of this year.
BlueMountain Capital Management has acquired a majority stake in Navitas Lease Corp. Financial terms weren't announced. Jacksonville, Fla.-based Navitas is an equipment leasing company.
Carlisle Cos. said Monday that they agreed to buy Tri-Star Electronics International, in a cash merger valued at $285 million. The deal is subject to customary closing conditions but expected to close by Dec. 31. El Segundo, Calif.-based Tri-Star, which is backed by Brockway Moran & Partners, supplies electronic interconnect components for commercial aerospace, defense and industrial customers. Carlyle Cos. said the deal is expected to be accretive in the first year. SunTrust Robinson Humphrey provided financial advice to Carlisle.
Yellow Media Inc., the publicly traded Canadian Internet company, is selling its online classified business – LesPAC Inc. – for $72.5 million. The buyer is Mediagrif Interactive Technologies Inc. The cash deal is effective immediately, the company said in a written release.
Morgan Stanley's Asia private equity arm is in talks to buy China’s HCP Holdings Inc., Reuters wrote Monday. The company could be valued at around $500 million, Reuters wrote. Morgan Stanley’s buyout arm aims to buy about 80% of the packaging company.
(Reuters) – Groupon Inc is trying to grab a much larger share of consumers’ holiday spending this year following the biggest daily deal company’s initial public offering. Groupon launched its first holiday shopping push last year. Grouponicus, as it is known, offered discount deals in 15 cities last year. This year, Grouponicus will target 41 […]
Morgan Stanley‘s Asia private equity arm is in talks to buy a majority stake in Chinese packaging firm HCP Holdings Inc, according to Reuters sources. The deal that could value the company at about $500 million, wrote Reuters. PRESS RELEASE (Reuters) – Morgan Stanley’s Asia private equity arm is in talks to buy a majority […]
Vision Capital has completed the debt refinancing of BrightHouse, a UK rent-to-own retailer, with over 100 million pounds (US$ 159.5 million) of senior debt facilities. The financing was provided by a consortium of Lloyds Banking Group, GE Capital and Ares Capital Europe and will be used for repayment of existing financing and working capital. PRESS […]
Miami-based HIG Capital has acquired a majority interest in Pro-Pet, a manufacturer of private label dry pet food for distribution domestically and worldwide. Pro-Pet is based in St. Marys, Ohio, and has operating facilities located in Owatonna, Minnesota; St. Marys, Ohio; and Kansas City, Kansas. PRESS RELEASE Pro-Pet maintains relationships with numerous leading retailers that […]
AdmitPad raises bucks in Beantown Is Biotech Next? What will be the big next thing in the Big Apple? How to Grow It: KSL hits the slopes on its ski investments Kidnapped Nat: Found safe. In other news, any Yanks fans up to kidnap Pavano? That guy still owes all of us. Throwdown! Startup exec sues VCs at Benchmark Um ‘Scuse Me: Is Lashou going public or what? Taking a Step Back: TPG scales back Euro buyout operations More VC for India: Ncubate Capital Partners launched by Luminous Power Technologies founder Funding for the Future: AllTrails pockets $400k seed funding China Packager on the Block: Morgan Stanley buyout arm mulls over HCP Mind Your Own Business: Sage rejects Archer Capital claim over failed bid
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