Reporting from the Beverly Hills Hotel in sunny 90210, peHUB brings you a live and uncensored take on the state of left coast private equity. In a marathon liveblogging session, I'll be covering a keynote address from Thomson Reuters' Matt Toole, a keynote interview with Antony Ressler of Ares Management, and an LP panel. 1:14 The curtains have been drawn, and Matt Toole has taken the stage. Bring on the slideshow. 1:16 Missed the first two slides. He's saying co-investments and local offices in Asia will lead cross border investments. 1:17 We haven't seen a deal over $5 billion since July of last year. The decline in deals under that value is only in the 40 percentile, versus a 95% decline for
VMG Equity, a San Francisco consumer products-focused PE firm, has purchased a controlling stake in Robert’s American Gourmet Foods, a healthy snack maker based in New York. While I don’t know the multiple or price, this deal looks like a score for VMG. The target was highly sought after with a strong brand and revenue growth in […]
Whitcraft, a portfolio company of Golub Capital, has acquired Reliable Manufacturing Co., a Bloomfield, Conn.-based maker of precision components for the aerospace industry. The deal included $25 million in subordinated notes arranged by Golub.
Canterbury Park Capital has acquired around 58.2 million additional common shares of Paragon Pharmacies Ltd. (TSX: PGN), for around C$23.2 million. It now holds over 68 million shares, or a 69.9% ownership position.
American Internet Services Inc., a San Diego-based provider of data center co-location services, has acquired San Diego data center Complex Drive. No financial terms were disclosed. Seaport Capital recently acquired AIS, alongside Viridian Investment Partners and DuPont Capital Management.
Wellman Inc., a bankrupt portfolio company of Warburg Pincus, said that the court has approved its reorganization plan. This company will sell $120 million of convertible notes via a rights offering in exchange for $90 million in cash, with its first and second-lien holders tol receive 70% and 30% of its common stock, respectively.
Pennington Allen Capital Partners has acquired the 25% stake it did not already own in Bliss Industries LLC, a Ponca City, Okla.-based maker of hammermills, pelletmills, coolers and related equipment. No financial terms were disclosed. As part of the transaction, Bliss president Greg Alles will take over as CEO, with company founder Bill Bliss retiring.
Rotorcraft Leasing Company LLC, a Broussard, La.-based portfolio company of H.I.G. Capital, has acquired of the production management flight services business of Bristow Group Inc. (NYSE:BRS). No financial terms were disclosed.
There have been some signs of revival in the public-to-private buyouts market that has been virtually shut for more than a year, private equity companies say, as institutional investors seek a way out of companies whose share prices have dropped. There has been a pick-up in business in just the last couple of weeks, with […]
LONDON (Reuters) – France’s Carrefour SA (CARR.PA: Quote, Profile, Research, Stock Buzz), the world’s second-largest retailer, is set to replace chief executive Jose Luis Duran with Nestle SA (NESN.VX: Quote, Profile, Research, Stock Buzz) executive Lars Olofsson, The Financial Times newspaper reported on Tuesday. The FT said the announcement would be made this week, possibly […]
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