Greyrock Capital Group, which raised its second mezzanine fund last January with $122 million in capital commitments, has sold Marietta, Ga.-based Alaven Pharmaceutical to a Swedish pharmaceutical company — Meda, AB — for $350 million. The return equates to a cash-on-cash return of more than 6x for Greyrock, which was formed as an SBIC in […]
Henry Kravis has pledged $100 million to his alma mater, Columbia Business School. Kravis is a co-founder, co-chairman and co-CEO of KKR, a private equity firm. The funds will be used to help build new facilities for the business school, the statement said.
Tyden Group, which is backed by Crimson Investment and Bertram Capital, has bought Stoffel Seals Crop. Nyack, N.Y.-based Stoffel makes security seals. Financial tems were not disclosed. Crimson and Bertram Capital are PE firms.
Centerbridge Partners is in talks to buy Rock Bottom Restaurants, banking and financing sources say. Centerbridge is currently in the market for a $150 million loan to back the deal, persons say. Wells Fargo is lead agent on the loan package while GE is the co-agent. The deal includes a $25 million revolving credit and a $125 million term loan A, according to Thomson Reuters Loan Pricing Corp.
The Onduline Group, which is owned by a company backed by French private equity firms Astorg Partners and Abenex, has bought Tallant, a lightweight roofing company based in Texas. Onduline also manufactures lightweight roofing, and was founded in Paris in 1950. The details of the deal were not revealed.
Dallas-based PE firm Brazos Private Equity Partners and Bill Scheller, an industrial distribution executive, have acquired Duncan Industrial Solutions, an industrial distributor headquartered in Oklahoma City, OK. Brazos manages approximately $1.4 billion of equity capital. The financial terms of the deal were not revealed.
Irving Place Capital agreed to acquire Thermadyne Holdings, a manufacturer of metal cutting and welding products based in St Louis, MO, for a total transaction value of $422 million. Shareholders will receive $15 per share in cash. Irving Place Capital was formed in 1997 and has invested in more than 50 companies since then. It has $4.0 billion of equity capital, including its current $2.7 billion institutional fund.
Growth private equity firm TA Associates has invested in dental specialist Amann Girrbach AG, buying out the stake of Alpine Equity. The current owners of Amann Girrbach will also sell a portion of their stake. The terms of the deal have not been disclosed.
Pfingsten Partners, a Chicago-based private equity firm, has bought FKI Security Group, a manufacturer or fire security products based in New Albany, Indiana, through its $525 million Fund IV. Pfingsten Partners was founded in 1989 and has over $1.2 billion of capital under management.
Apollo Management, the U.S. private equity firm, is considering a joint bid with one of the other firms eyeing up CKX Inc, the company that makes the American Idol television show. According to the New York Post, Apollo owner Leon Black is trying to decide whether the best means of buying the firm would be outright or with through debt financing. Last month, Robert Sillerman, CKX's founder and former CEO, said he was preparing a bid for the company for $5.50 to $5.75, which values the company at just over $500 million.