Smaller, middle-market deals don’t get much respect. Andy Greenberg, a managing director at investment bank Fairmount Partners, says he couldn’t find any good data for lower middle market firms in 2006. So Greenberg, along with Graeme Frazier of Private Capital Research, started GF Data. The Philadelphia-based GF information provider compiles its data from 146 private equity firms that submit the information blindly -- with a focus on PE deals between $10 million and $250 million. “If you were representing a $50 million revenue consumer products company, the comps would be a $500 million revenue business,” he explains.
(Reuters) – Barnes & Noble Co (BKS.N) lashed out against activist investor Ronald Burkle on Wednesday, saying the billionaire was trying to wrest control of the bookseller through a proxy battle without paying a proper premium to shareholders. Burkle is running an alternate slate of three directors, including himself, for election to Barnes & Noble’s […]
Triton has agreed to acquire most of European steel producer Ovako, for an undisclosed amount. The deal does not include Ovako's wire division. No financial terms were disclosed.
LONDON (Reuters) – Royal Bank of Scotland has begun the sale of mental-health specialist the Priory Group, which it hopes could fetch about 1 billion pounds ($1.54 billion), people familiar with the matter said on Tuesday. RBS, which is being advised by Rothschild, has given bidders until mid-September to submit indicative offers, the people […]
American Industrial Partners has formed Allied Specialty Vehicles, via the merger of three existing portfolio companies: E-ONE, Collins Industries and Halcore Group. A fourth portfolio company, Fleetwood RV, will be merged next quarter. ASV will have revenue of approximately $1 billion.
Sun Capital Partners has acquired Alcan Packaging Beauty from Rio Tinto. No financial terms were disclosed. APB is a French provider of tube, fragrance and cosmetic plastic packaging to the beauty industry.
LONDON/STOCKHOLM (Reuters) – Ratos AB (RATOb.ST), the Swedish private equity firm, is seeking to sell Bisnode, the business information firm that operates Dun & Bradstreet (DNB.N) branded credit-checking businesses in 10 European companies. People familiar with the matter said Ratos, backed by the Soderberg family, has hired JPMorgan to manage a sale of Stockholm-based Bisnode. […]
THL Partners has completed its acquisition of Intermedix Corp., a provider of revenue cycle management solutions for emergency services providers, from Parthenon Capital Partners. No financial terms were disclosed. Other selling shareholders included Glenview Capital Management.
LONDON (Reuters) – Alliance Medical’s banks are set to urge it to find a buyer to trump owner Dubai International Capital’s [DUBAHP.UL] (DIC) bid to restructure the business, two sources familiar with the process said. The senior lenders, which include Lloyds Banking Group (LLOY.L), are likely to send a letter to Alliance Medical and its […]
(Reuters) – Los Angeles-based private-equity firm The Gores Group won a bankruptcy court auction for NEC Holdings Corp, the parent of National Envelope Corp, agreeing to pay about $149.9 million in cash for the bankrupt envelope maker. NEV Holdings LLC, an unit of The Gores Group, which had initially bid $134.5 million for the assets, […]