New Zealand’s Rank Group will pay $1.68 billion, or $25.50 per share, for Graham Packaging Co., Reuters reported. Rank Group won the race for the company against Silgan Holdings by raising its bid from $25 per share. Silgan did not counter bid.
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Blackstone Group and Affinity Equity Partners are among those mulling a 50% stake in Australian meat products specialist Primo Smallgoods, Reuters reported Friday. The company has been valued at to $950 million. Affinity is reportedly working with as many as 12 banks on a financing package for its bid.
Blackstone is in exclusive talks to German outdoor brand Jack Wolfskin, Reuters reported. Quadriga Capital and Barclays Private Equity currently own Jack Wolfskin, and the two firms said in a statement that they aimed to complete negotiations in the third quarter of 2011.
Buyout shops Leonard Green & Partners and CVC Capital Partners have teamed up to bid on club retailer BJ's Wholesale Club Inc., Reuters reported. Leonard Green, which owns a 9.3% stake in BJ’s, and CVC plan to form a new entity to acquire BJ's shares, Reuters said.
(Reuters) – DST Systems Inc has received several buyout overtures from private equity firms in recent months, including one led by activist investor Russell Glass, according to people with knowledge of the situation. Glass, founder and head of New York investment firm RDG Capital, told Reuters he had teamed up with a private equity firm […]
Drew Gantt has joined Cooley LLP’s Washington DC office to work as head of the firm’s healthcare regulatory practice. Gantt comes from Latham & Watkins LLP, where he worked as a healthcare and life sciences partners. He has experience advising VCs and PE funds on regulatory issues pertaining to healthcare deals.
Robert Love, an executive vice president who heads Amalgamated Business Credit, has been appointed the head of Amalgamated Capital (AmalCap), the bank’s leveraged finance operation. Amalgamated, based in New York, is union owned. PRESS RELEASE: Amalgamated Bank (Amalgamated) announced here today that Executive Vice President Robert Love, who heads Amalgamated Business Credit, will also direct Amalgamated Capital […]
We’ve always been a big proponent of unitranche debt. With senior cash flow debt still difficult to come by, unitranche facilities have proven to be a very attractive alternative financing technique. We’ve been pleased by the larger hold sizes of unitranche providers compared to senior debt providers. Fewer parties in the capital structure often results […]
Eight new lawyers have joined the San Antonio law office of Burleson, to address a growing number of clients with interests in the Eagle Ford shale of South Texas. The lawyers include board-certified oil and gas attorneys to experienced litigators with experience in oil and gas matters. and board-certified oil and gas lawyers to those with […]