SEOUL (Reuters) – U.S. fund Lone Star has sent teaser letters for sale of its $4 billion controlling stake in Korea Exchange Bank (004940.KS) to potential investors at home and abroad, Maeil Business Newspaper reported on Tuesday. Lone Star sent letters to some 50 overseas investors, including banks and private equity funds, and 5-6 local […]
Graphite Capital has invested an additional £24 million into Willowbrook Healthcare, a UK-based operator of nursing and dementia care homes for the elderly. Graphite invested an initial £53 million in Willowbrook back in November 2008.
PHILADELPHIA (Reuters) – CKE Restaurants Inc (CKR.N), owner of the Hardee’s and Carl’s Jr. hamburger chains, will be bought by private equity firm THL Partners [THL.UL] unless a surprise rival bid emerges in the next day. Under the $619 million deal agreement with THL, CKE had 40 days to seek superior offers and that “go […]
Late last week the private equity investment firm of Thomas H. Lee announced it acquired Papa Murphy’s, a chain of franchise-operated pizza stores. The deal value is approximately $180 million, according to Deal Journal. It represents a 10x Ebitda multiple, if you go with the $18 million Ebitda figure peHUB reported in January. To demonstrate […]
Catterton Partners has struck a deal to make an investment in Uppy’s, a Chester, Va.-based convenience store chain, and its gasoline distribution business, Southside Oil, according to a source familiar with the situation. Greenwich, Conn.-based Catterton has partnered with the company’s founders, President and CEO Steven M. Uphoff and Vice President Linda Uphoff, for the […]
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.