J Trust Co., which reportedly had backing from Goldman Sachs to help fund its bid for failed Japanese lender Takefuji Corp., has dropped out of the running, Reuters reported. J Trust, a real estate and financial holding firm, said that it was not certain bidding would be handled in a fair and transparent manner, Reuters wrote. Private equity firms Cerberus Capital Management and TPG Capital both reportedly bid in a final round of the auction last month.
Got our e-mails? Get our e-mails. VCs Rejoice! The government, which still will likely shut down, is weighing the relaxation of rules pertaining to private share issues Snitchin’: Wilson Sonsini attorney Matthew Kluger accused in insider trading scandal Going Out for Take-Private: 24/7 Wall St.’s Jon Ogg looks into the disappearing act that persists among listed restaurants, increasingly being bought out Thinking Social: Google’s Page makes the company’s social strategy paramount for ’11… and beyond?
Promus Equity Partners LLC, the private equity arm of Promus Capital, has acquired ProSteel Security Products Inc. Terms of the deal were not released, though the firm said that senior debt was provided by US Bank. Provo, Utah-based ProSteel is a provider of gun safes marketed under the Browning ProSteel brand. Chicago-based Promus Equity has roughly $400 million under management.
The Chicago-based private equity firm Promus Equity Partners has acquired ProSteel Security Products, a Provo, Utah-based maker of gun safes, vault doors, and other security enclosures. Terms of the deal weren’t disclosed. PRESS RELEASE: Promus Equity Partners, LLC (“Promus”), the private equity investment arm of Promus Capital, headquartered in Chicago, IL, is pleased to announce […]
The publicly traded Nashville-based company AmSurg, which develops and operates surgery centers, has agreed to buy its smaller, Dallas-based rival National Surgical Care for $173.5 million in cash. REUTERS NEWS: AmSurg Corp agreed to buy smaller rival National Surgical Care for $173.5 million in cash to add more multi-specialty ambulatory surgery centers to its portfolio. Dallas, Texas-based […]
LONDON/NEW YORK (Reuters) – Private equity firms are turning to deep-pocketed sovereign wealth and pension funds as they chase bigger deals, avoiding the often uneasy partnerships with rivals that marked boom-time deals. Debt markets are heating up with high-yield and loan investors ready to step in with billions of dollars of funding for deals like […]
Greenbriar Equity Group said Thursday that it has acquired Ryan Herco Flow Solutions. Financial terms weren't announced. Burbank, Calif.-based Ryan Herco distributes corrosion-resistant fluid handling, filtration and flow control products in the United States. Rye, N.Y.-based Greenbriar is focused on the transportation industry.
HONG KONG, April 7 (Reuters) – Growing demand to invest in Asia means the region’s private equity firms are not lowering their management fees, while their peers in the United States and Europe have cut them because of investor pressure, a new survey from Hong Kong-based Squadron Capital showed today. Pension funds and other investors […]
Sweden-based broadcaster Modern Times Group is among the three remaining bidders for ProSiebenSat.1's assets in Scandinavia, Reuters reported, citing an article in the Swedish trade journal Resume. ProSiebenSat.1 is owned by private equity firms Kohlberg Kravis Roberts & Co. and Permira. According to Reuters, the biggest sticking point on a potential deal is price: ProSiebenSat.1 is reportedly asking for 12 billion Swedish crowns ($1.9 billion) for the assets.
Canadian gym operator GoodLife Fitness Centres Inc. has raised $125 million in debt financing. Penfund, a provider of junior capital to middle-market companies, led the round, which included participation from Macquarie Bank, Manulife Capital, GRI Investments Inc., The Canadian Medical Protective Association and the Teachers' Retirement Allowances Fund Board. The money is aimed at helping GoodLife financing growth, and re-finance its existing debt.