Wellspring Capital Management has agreed to acquire OMNI Energy Services Corp. (Nasdaq: OMNI), a Carencro, La.-based provider of services and seismic services to the domestic oil and gas industry. The deal is valued at $122 million, including the assumption of debt, or $2.75 per outstanding share.
Kohlberg & Co. has acquired Maverik Lacrosse, a Long Island City-based maker of lacrosse equipment, apparel and accessories. No financial terms were disclosed. The company will be merged into the Kohlberg Sports Group platform, which also recently acquired hockey equipment manufacturer Bauer Hockey.
Marlin Equity Partners has acquired Datafarm, a Marlborough, Mass.-based provider of software that supports the regulatory business processes of life sciences companies. No financial terms were disclosed. Datafarm will be merged with Liquent Inc., a company Marlin acquired late last year from Thomson Reuters.
TPG Capital has completed its $1.3 billion acquisition of American Tire Distributors Holdings Inc., a Charlotte-based distributor of replacement tires to local, regional and national tire retailers. Sellers included Investcorp, Berkshire Partners and Greenbriar Equity Group. In related news, American Tire informed the SEC that it was withdrawing registration for a planned $230 million IPO.
LONDON (Reuters) – Mid-market private equity firm Graphite Capital is investing 100 million pounds ($150 million) in residential development start-up London Square to exploit a deepening housing shortage across Britain. The newly launched developer will be led by Adam Lawrence, former regional chairman of housebuilder Barratt London & Thames Gateway, and plans to build more […]
(Reuters) – China’s CIMC, the world’s largest shipping container maker, has won the bidding to buy Australian pallet maker Loscam Ltd, according to two banking sources. China International Marine Containers (Group) Co (CIMC) (200039.SZ) (000039.SZ) beat bids from private equity firms Pacific Equity Partners (PEP) and CHAMP, the sources said. Two sources from the nine […]
MADRID (Reuters) – Spain’s Telefonica (TEF.MC) has sold Manx Telecom, the main telecoms provider for the Isle of Man, to a private equity firm as part of its ongoing plan to divest non-core assets. UK private equity investor HG Capital said on Friday that it was buying the majority stake in Manx, alongside telecoms management […]
(Reuters) – A unit of private equity firm Kohlberg & Co said on Thursday it acquired a maker of lacrosse equipment for an undisclosed amount, adding to holdings that include ice hockey equipment maker Bauer Hockey. Kohlberg Sports Group Inc said Maverik Lacrosse and Bauer Hockey will operate independently while sharing information in such areas […]
NEW YORK (Reuters) – At least four interested parties appear to have submitted bids for Newsweek, the magazine that The Washington Post Co (WPO.N) put up for sale on May 5. Newsmax Media and Thane Ritchie, chief executive of Ritchie Capital Management, said they submitted bids. Private equity firm OpenGate Capital and Sidney Harman, the […]
(Reuters) – Royal Bank of Scotland (RBS.L) is reviewing six second-round bids for its $4 billion payment-processing arm, and will soon pick two or three suitors for a final round of bidding, people familiar with the matter said. RBS could pick the shortlist as early as next week and aims to agree the sale of […]