Sentinel Capital Partners has acquired Engineered Controls International LLC, an Elon, N.C.-based provider of pressure regulators, valves and other control equipment for use with liquefied and compressed gases. No financial terms were disclosed.
The knives are already out for Hulu's planned IPO, but Providence Equity Partners is hoping that they prove dull. Providence invested $100 million in Hulu three years ago, in exchange for a minority stake. Now, however, sources say that the firm hopes that the video streaming service could help fill a hole left by investments like MGM (particularly before formally hitting the market to raise a new $8 billion fund). “If Providence wasn’t a PE investor [Hulu] probably wouldn’t be going public,” one buyout exec told me earlier today. “If [Hulu] were doing so well why not just wait? They would benefit by waiting if they thought the subscribers would take up the pay service.”
(Reuters) – ResCare Inc (RSCR.O) said it received a takeover proposal from Canadian private-equity firm Onex Corp (OCX.TO), valuing the U.S. provider of home care to the elderly and disabled at about $370 million. The $12.60 per share offer represents a 24 percent premium to ResCare’s Friday closing price of $10.14. ResCare’s board has formed […]
FRANKFURT (Reuters) – Paternoster , part-owned by Deutsche Bank (DBKGn.DE), appointed insurance brokers Willis (WSH.N) to raise more capital, a person familiar with the matter said, in a move that could lead to a sale of the specialist pension business. Paternoster declined to comment. Deutsche Bank, which owns 40 percent of Paternoster, declined to comment […]
Leonard Green & Partners has agreed to acquire Prospect Medical Holdings Inc. (Nasdaq: PZZ), operator of five community-based hospitals in the greater Los Angeles area. The deal is valued at approximately $363 million, including the assumption of approximately $158 million in debt. Prospect stockholders will receive $8.50 per share.
Barclays Private Equity Germany has acquired a majority stake in MPS Meat Processing Systems of The Netherlands. Sellers included Steadfast Capital.
Star Capital Partners has agreed to buy German cable operator Pepcom GmbH from GMT Communication Partners and Veronis Suhler Stevenson. No financial terms were disclosed.
(Reuters) – Blackstone Group LP’s (BX.N) deal to buy Dynegy Inc (DYN.N) is an unusually structured buyout that would give it control of the power company without having to refinance or invest much cash and similar takeovers of independent power companies are unlikely to follow. A key factor in the deal is that a substantial […]
(Reuters) – Energy Future Holdings on Friday said debt holders have tendered $4.47 billion of notes, or 99.58 percent of the amount outstanding in its latest debt exchange offer. The privately held company said it has accepted about $3.59 billion of the notes tendered for exchange, including $1.428 billion of 10.875 percent senior notes due […]
Mistral Equity Partners today added its sixth portfolio company: Country Pure Foods, a producer and distributor of single-serve juices for convenience and grocery stores. One of the Country Pure's major segments is serving institutions like schools and hospitals, says Andy Heyer, Mistral Equity’s managing partner. Brands include Ardmore Farms, Glacier Valley, and Natural Country. First Atlantic Capital and DN Partners were the sellers. Country Pure’s management is retaining a stake, Heyer says, while Bank of Montreal is providing senior debt financing.