TA Associates has acquired a majority stake in British lifestyle brand Cath Kidston. No financial terms were disclosed.
Squeezing Out Value in Any Way They Can: What happens when companies that earned their PE backers dividend recaps end up in bankruptcy? The creditors are suing. (WSJ) The case of SemGroup and Carlyle/Riverstone is one notable example. (WSJ) Dubai World: Bankers met today to begin sorting out the conglomerate's debt. (Reuters) Sharia Compliant PE: Glacial movement in the private equity (PE) sphere of Islamic finance could finally be showing signs of a thaw. (Westlaw) Consolidation Time for Mobile Operators: The biggest threat to mobile-service providers isn't the Internet, but overcapacity and low-margin customers. (BusinessWeek) Who Knew: Wal-Mart earned more than half of its income on grocery sales last year. (WSJ)
LONDON (Reuters) – Talks to license the North American rights for Terra Firma’s EMI Music unit to either Universal Music Group (VIV.PA) or Sony (6758.T) have ended without agreement, sources told Reuters on Wednesday. The music business, owned by Guy Hands’ Terra Firma private equity group, had held separate talks with both firms as it […]
Slate Capital Group has acquired the assets of Coastal Business Machines Inc., a Randallstown, Md.-based reconditioning and repair center for uninterruptible power supplies. No financial terms were disclosed.
Contrax Furnishings LLC, a Gainesville, Fla.-based provider of furniture for educational and institutional markets, has raised an undisclosed amount of private equity funding from Hudson Ferry Capital.
Intrinergy, a global biomass renewable energy company based in Richmond, Va., has raised an undisclosed amount of private equity funding from Riverstone Holdings. PRESS RELEASE Riverstone Holdings LLC’s (“Riverstone”) most recent renewable and alternative energy fund announced today that it has made a strategic investment in Intrinergy, a leading biomass renewable energy company. The company […]
NEW YORK (Reuters) – Jeweler Zale Corp (ZLC.N) won breathing room from Citibank (C.N) on Tuesday by getting an extra month to decide whether to pay a penalty for low sales generated by its private label credit cards issued by Citibank or lose its relationship with the bank. Citibank has agreed to extend the payment […]
BERLIN (Reuters) – 3i Infrastructure (3IN.L) has exited its joint venture with gas supplier Erogasmet bidding for the Italian gas network of German utility E.ON (EONGn.DE), a source close to the situation told Reuters on Wednesday. “Erogasmet is still there but 3i is no longer with them,” said the source on the sidelines of an […]
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. Bemis Co. Inc., a Wisconsin-based packaging company, was seeking buyer for its certain Alcan Packaging Food Americas assets. Tollgrade Communications, a publicly traded Pittsburgh, Penn.-based network technologies company, appointed Edward H. Kennedy as Chairman of its board. Kennedy and the company's CEO Joe Ferrara will evaluate strategic alternatives for the company. (Yahoo Finance)
(Reuters) – The SemGroup Litigation Trust has filed a lawsuit against certain investment funds that held interests in SemGroup, in a bid to recover about $56 million paid out as special distributions by the energy marketing company, court papers showed. The litigation trust alleged in a lawsuit filed Monday that funds managed by Ritchie Capital […]