Lineage Power Holdings Inc., a portfolio company of The Gores Group, has agreed to acquire Cherokee International (Nasdaq: CHRK), a maker of switch-mode power supplies for datacom, telecom, medical and process-control applications. The deal is valued at approximately $105 million, or $3.20 per share. PRESS RELEASE Cherokee International (NASDAQ: CHRK) announced today that it has […]
JERUSALEM (Reuters) – A group led by media mogul Haim Saban and private equity firm Apax Partners exercised its option to buy an additional 10.66 percent of Bezeq Israel Telecom (BEZQ.TA: Quote, Profile, Research, Stock Buzz) for 1.08 billion shekels ($318 million). In late 2005, Saban, Apax and businessman Mori Arkin bought a controlling 30 […]
(Reuters) – Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz), the large U.S. savings and loan company crippled by mortgage losses, has approached private equity firms about a potential takeover after listed firms showed reluctance, the Wall Street Journal. Carlyle Group CYL.UL and Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz), who would […]
PARIS (Reuters) – French IT services provider Atos Origin SA (ATOS.PA: Quote, Profile, Research, Stock Buzz) said it had received an offer from private equity firm Candover (CDI.L: Quote, Profile, Research, Stock Buzz) for its Atos Worldline unit several weeks ago but rejected it. Both the group’s supervisory board and strategy committee rejected the proposal […]
DETROIT (Reuters) – Daimler AG (DAIGn.DE: Quote, Profile, Research, Stock Buzz) is in talks with private equity group Cerberus Capital Management to sell its remaining 19.9 percent stake in struggling U.S. automaker Chrysler LLC. Cerberus, which bought 80.1 percent of Chrysler in May 2007 in a $7.4 billion deal just before a sharp slowdown in […]
NEW YORK (Reuters) – Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) may sell Primerica, its life insurance unit, to insurer Protective Life Corp (PL.N: Quote, Profile, Research, Stock Buzz) and private equity firm J.C. Flowers & Co, Bloomberg reported on Wednesday. Flowers may invest in Protective, which could then buy Primerica, the news agency […]
Alpine Investors, a San Francisco-based private equity firm, is marketing its fourth fund, sources familiar with the situation said. The effort has a $175 million target with a $205 million hard cap, a slight jump over Alpine’s last fund. Alpine Investors III closed in March 2007 with $125 million in commitments. The firm is not using a placement agent and expects to hold a first close on November 1, one source said.
Warburg Pincus has sold ChartOne Inc. to Healthport, a portfolio company of Abry Partners. No financial terms were disclosed, although an earlier Dow Jones report said the deal was expected to include $150 million in debt financing being arranged by GE Capital and NewStar Financial. ChartOne is a Burlington, Mass.-based provider of medical record workflow solutions.
American Fibers and Yarns Co. has filed for Chapter 11 bankruptcy protection, in order to liquidate its assets. The company makes polypropylene fibers and yarns for home furnishings, automotive and industrial applications. Monitor Clipper Partners sponsored a management buyout of the company in late 1999 from a division of AP Amoco.
NEW YORK (Reuters) – The Federal Reserve relaxed bank ownership rules, but it only goes so far in solving existing problems — banks will not get all the capital they need, and private equity firms will not get the control positions they seek. Senior private equity executives said while the move was a step in […]

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