Argos Soditic and MPS Venture SGR have offered to acquire the Renal Care business of Italy-based Sorin Group (Milan: SRN), for an undisclosed amount.
HONG KONG (Reuters) – Before the Chinese initial public offering boom began to fizzle late last year, hedge funds jumped to buy stakes in hot companies before they went public, an investment known as pre-IPO financing. What seemed like a good idea at the time is about to come back and haunt them. With Asian […]
NEW YORK (Reuters) – New York buyout firm Apollo Management agreed on Thursday to contribute $540 million to its Hexion Specialty Chemicals unit to help it close a contentious takeover of Huntsman Corp (HUN.N: Quote, Profile, Research, Stock Buzz). The Huntsman deal is one of the last remaining uncompleted leveraged buyout deals struck during the […]
NEW YORK (Reuters) – Two former top executives of the Duane Reade Holdings Inc drug chain were indicted on Thursday on charges of falsely reducing reported company expenses and inflating income, officials said. The office of the U.S. Attorney for the Southern District said in a statement that former Chief Executive Officer Anthony Cuti also […]
PNC Equity Partners has recapitalized portfolio company Tangent Rail Corporation for the third time in its ownership. The Pittsburgh-based railroad maintenance company was purchased in 2005. Press Release PNC Equity Partners announced today the recapitalization of Tangent Rail Corporation based in Pittsburgh. Tangent provides maintenance-of-way products and services to Class I railroads, short line railroads, […]
Baird Capital Partners has backed the MBO of Medical Education Technologies Inc, a Sarasota, Fla.-based learning software company for an undisclosed amount. The company’s founder and CEO, Lou Obernorf, participated in the buyout. Press Release: CHICAGO, October 9, 2008 – Baird Capital Partners (BCP), the U.S.-based buyout fund of Baird Private Equity, and Lou Oberndorf, […]
Apollo Management will provide $540 million to Hexion to help is close its merger with Huntsman. The disputed buyout was ordered to be completed despite the bidding parties’ argument that the target had suffered a material adverse change. Press Release: Hexion Specialty Chemicals, Inc. announced that it is proceeding expeditiously to seek to close its […]
American Industrial Partners is having discussions to acquire Mark Andy Inc, a St. Louis-based printing equipment company, from Morgenthaler Partners, Buyouts reported. American Industrial Partners is a New York-based LBO shop.
Sun Capital has completed its acquisition of Kraco Enterprises, a Compton, Calif.-based maker of automotive aftermarket floor mats. The deal value was not disclosed. Press Release: We are pleased to announce that an affiliate of Sun Capital Partners, Inc., has completed the acquisition of Kraco Enterprises LLC (“Kraco”). The transaction closed 58 days after signing […]
Corinthian Capital, a New York-based buyout firm, has invested in Precision Motor Transport Group LLC, an Okemos, Mich.-based automotive transport services business for luxury automobile carriers. Deal terms were undisclosed. Corinthian Capital Group, LLC, a New York-based private equity firm specializing in investments in small and middle market companies, has announced that it has partnered […]

Copyright PEI Media

Not for publication, email or dissemination