NEW YORK (Reuters) – The financing package offered by Reed Elsevier (REL.L: Quote, Profile, Research, Stock Buzz) in the sale of its trade publication unit might come in smaller than expected, causing bidders to reexamine their offers, a source familiar with the matter said on Monday. Only a few bidders remain in the third-round auction […]
NEW YORK (Reuters) – Cookie and frozen yogurt company Mrs. Fields Famous Brands LLC has won court approval for its Chapter 11 reorganization plan, which gives it a $10 million, three-year senior term credit facility to fund operations. The company, known for its Mrs. Fields cookie and TCBY frozen yogurt franchises, said on Oct. 2 […]
LONDON (Reuters) – The European secondary loan market entered uncharted territory on Monday as prices sank under 80 for the first time to reach 79.3 percent of face value amid further forced selling, RLPC data showed. Steep recent losses continue to hurt mark to market funds and investors and threaten to trip triggers on the […]
J.H. Whitney & Co. LLC appears poised to acquire Igloo Products Corp., a Katy, Texas-based company that makes ice chests, beverage coolers and thermoelectric coolers, Buyouts reported. The Federal Trade Commission granted the New Canaan, Conn.-based buyout shop early termination of anti-trust review under the Hart-Scott-Rodino Act on Sept. 22. Such a clearance typically means […]
LONDON (Reuters) – Amadeus Global Travel Distribution will be unable to profit by buying its leveraged loans back at a discount in the beaten-down secondary market after lenders rejected a key waiver to the company’s loan, senior sources said on Monday. Lenders rejected a waiver that would have changed the company’s existing 5.2 billion euro ($7.54 […]
Guardian Capital Partners, a new buyout firm based in Philadelphia, is close to announcing its first investment, peHUB has learned. The firm has purchased a controlling stake in a teleservices and call center company named Corporate Call Center. The target, which has 400 employees, is based in Blue Bell, Penn. The deal comes as Gaurdian is in fundraising mode for its first vehicle. The firm is raising cash to invest in lower middle market manufacturing and services companies with revenues between $15 million and $75 million. The firm is led by Scott D. Evans, formerly of Cerberus Capital Management, Peter H. Haabestad, formerly of Susquehanna Financial Group LLLP, and Hugh Kenworthy III, formerly of Brynavon Group, Inc.
Colony Capital and Eurazeo have sold French restaurant chain Buffalo Grill to Abenex Capital, iXEN Partners and N.I. Partners. No financial terms were disclosed.
The Blackstone Group has completed its acquisition of a 20% stake in Chinese specialty chemical maker China National BlueStar Group Corp., a wholly-owned subsidiary of ChemChina. The deal was originally announced one year ago, and is valued at up to $600 million.
Argos Soditic has acquired a majority stake in LEXSI, a French information systems security consulting firm. No financial terms were disclosed for the deal, which was structured as a management buyout.
MANILA, Oct 6 (Reuters) – American International Group (AIG), crippled by losses related to bad mortgages, said it had received offers for its Philippine insurance businesses and announced plans to sell its Thai consumer finance units.   Once the world’s largest insurer, AIG (AIG.N) said on Friday it would focus on its main insurance operations […]

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