Advent International is in the process of selling Shoes for Crews, according to three sources familiar with the situation. The private equity firm recently hired Bank of America and Jefferies to shop Shoes for Crews, which makes footwear for the food services industry. Advent took a minority stake in the West Palm Beach, Fla.-based company […]
Teachers' Private Capital has led a buyout of Exal Group, a manufacturer of aluminum containers. No financial terms were disclosed for the deal, which included buyside participation from Stonebridge Partners.
NEW YORK (Reuters) – Some of Tribune Co’s lenders are seeking documents from bondholder Centerbridge Partners LP relating to the media group’s stock purchases and 2007 leveraged buyout, according to court filings. A group of credit agreement lenders, including Kohlberg Kravis Roberts & Co and GoldenTree Asset Management LLP, has asked the court to approve […]
Alinda Capital Partners reportedly has paid $505 million to acquire NorTex Gas Storage, operator of two natural gas storage facilities in Texas, from Falcon Gas Storage, a portfolio company of Arcapita. www.alinda.com
Egeria has completed its acquisition of AEGON's Dutch funeral insurance business for €212 million. Egeria is a Dutch investment group.
GeoDigm Corp., a portfolio company of Welsh, Carson, Anderson & Stowe, has agreed to acquire National Dentex Corp. (Nasdaq: NADX), an owner and operator of dental laboratories in North America. The deal is valued at nearly $98 million, or $17 per share (70% premium to last Thursday's closing price).
NEW YORK (Reuters) – U.S. hotels firm Extended Stay is favoring a new planned bid for it from investment companies Centerbridge Partners and Paulson & Co over a rival one on the table from a group led by Starwood Capital Group, a source familiar with the situation said on Sunday. The Starwood-led group had agreed […]
NEW YORK (Reuters) – Billionaire investor Wilbur Ross said on Sunday he is prepared to commit up to 500 million pounds ($760 million) to support Virgin Money in its bid to buy the branch network of the Royal Bank of Scotland (RBS.L). Ross said he has also invested $100 million ($152 million) in Virgin Money, […]
(Reuters) – SkillSoft Plc (SKIL.O) said SSI Investments III Ltd , a consortium of private equity firms, raised its cash offer for the e-learning software maker to $1.2 billion, sending its shares up 8 percent. The consortium of funds owned by Berkshire Partners, Advent International and Bain Capital has revised its offer for SkillSoft to […]
TAIPEI (Reuters) – Carlyle Group’s $1 billion deal to take a stake in mobile carrier Taiwan Mobile (3045.TW) has hit a regulatory hurdle and it was unclear if a June 30 completion deadline would be met, according to an official of the mobile firm. Under the deal, agreed last September, Carlyle will exchange its stake […]