Stone Point Capital has acquired a 50% stake in Real Estate Disposition Corp., the nation's largest real estate auction company. No financial terms were disclosed.
JOHANNESBURG (Reuters) – South Africa’s black-owned Mineworkers Investment Company (MIC) has taken control of one of the country’s biggest media firms, Primedia, in a deal worth 246 million rand ($23.98 million), MIC said on Thursday. Primedia said in a statement MIC had raised its stake to 49 percent from 32 percent. Primedia was delisted in […]
LONDON (Reuters) – Bankers are working on proposals for a loan to finance the possible sale of Northern Irish electricity firm Viridian Group by sponsor Arcapita, banking sources said on Wednesday. Bahrain-based investment fund Arcapita hired Dresdner Kleinwort earlier this year to advise on a strategic review of the group, including the sale of Viridian […]
(Reuters) – Charlotte Russe Holding Inc’s (CHIC.O: Quote, Profile, Research, Stock Buzz) shareholder KarpReilly Capital Partners LP offered to buy the women’s-apparel retailer in a deal valued as much as $198.6 million, sending its shares up 25 percent. The private investment firm, which made its proposal along with H.I.G. Capital LLC, said the offer price […]
The only area less active than lending and deal-doing these days is exits, so I've decided to liveblog the panel focused on that topic. The Panel: Middle Market's Momentum and the Future of Exit Alternatives Panelists: Thomas R. Callahan, MD Lincolnshire Management, J. Hamilton Crawford of Houlihan Lokey, David Turner, Head of PE at Gaurdian, Jonathan Peskoff, MD at FBR, Jay Rothman, Partner, Foley & Lardner 10:55 Lincolnshire has sold 8 portfolio companies in the last 24 months. Callahan says seller pricing hasn't come down. I'd say over the course of this conference, only one person for every ten I talk to says seller pricing actually has come down. (UPDATE: See below for that one person) 10:56 The moderator tells us this panel is supposed to be the positive one. Let's see if that actually happens.
Platinum Equity has completed its acquisition of SCM Metal Products Inc. from Gibraltar Industries Inc. (Nasdaq: ROCK), for an undisclosed amount. SCM makes and distributes copper-based powder and pastes and copper oxide powders.
Canal Partners has acquired a majority stake in, a Beaverton, Ore.-based online provider of qualified leads for ground transportation providers. No financial terms were disclosed, although Canal’s website says its typical investments are between $1 million and $5 million for companies worth between $5 million and $30 million. PRESS RELEASE Canal Partners, a Scottsdale, […]
AEterna Zentaris Inc. (Nasdaq: AEZS) has agreed to sell Cowen Healthcare Royalty Partners its rights to royalties on future sales of Cetrotide, covered by AEterna's license agreement with Merck Serono. The agreement with Cowen is valued at $52.5 million, plus another $2.5 million in possible earnouts. Cetrotide is a treatment for in virto fertilization.
Palamon Capital Partners has acquired a "significant" stake in DS Produkte, a German provider of multi-channel consumer goods supplier. No financial terms were disclosed.
GTCR has committed up to $250 million to form a new medical device acquisition platform called Devicor Medical Products LLC. The Pleasant Prairie, Wis.-based company will be run by Thomas Daulton, a former senior executive with Cardinal Health.

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