Trilantic Capital Partners is close to inking its first platform acquisition since spinning out of Lehman Brothers Merchant Banking. Executives at the New York-based shop expect to buy MicroStar Logistics, a company that helps breweries manage their kegs, from Macquarie Group Ltd., according to a regulatory filing and two sources with knowledge of the deal. […]
NEW YORK (Reuters) – Simmons Bedding Co said on Tuesday it had won bankruptcy court approval to be taken over by affiliates of Ares Management LLC and Teachers’ Private Capital and emerge from bankruptcy by Jan. 20. The Atlanta-based mattress maker said that the U.S. Bankruptcy Court for the District of Delaware had approved its […]
TORONTO (Reuters) – The Ontario Teachers’ Pension Plan said on Tuesday it is buying AIG Inc’s (AIG.N) Canadian mortgage insurance business, which has assets of C$274 million ($263 million). Teachers, one of Canada’s largest investors, said it is the lead sponsor of a private investor group in the deal to buy AIG United Guaranty Mortgage […]
Linsalata Capital Partners is hungry to expand its holdings in the food industry. Executives at that firm are in talks to buy Eatem Corporation, a Vineland, N.J.-based company that makes bases and concentrates used in soups and other food products, according to a regulatory filing. If the deal proceeds, the Mayfield Heights, Ohio-based buyout shop […]
BC Partners has completed its purchase of U.S. career training company ATI Enterprises from The Riverside Company and Primus Capital. The deal was valued at approximately $581 million, including around $250 million of assumed debt. www.aticareertraining.edu
LONDON/FRANKFURT (Reuters) – Siemens AG (SIEGn.DE) has shortlisted a strategic buyer and five private equity firms as potential buyers of its hearing aid unit, potentially worth over 2 billion euros ($2.89 billion), several people familiar with the matter said. Siemens, the German industrial conglomerate, makes a broad range of products from trains to light bulbs, […]
Bedford Funding has acquired Peopleclick, a Raleigh, N.C.-based provider of talent acquisition and workforce compliance and diversity, for approximately $100 million. Peopleclick will be merged with existing Bedford portfolio company Authoria.
Clayton Dubilier & Rice has closed its eighth fund with $5 billion in capital commitments, according to a source familiar with the situation. An announcement is expected shortly. The New York-based firm originally began fundraising almost two years ago with listed hard cap of $7.5 billion, after having raised $4 billion for its seventh fund in 2006. CD&R is one of those in-between-sized firms that tends to fly below the radar. With a $5 billion fund, it isn’t quite a mega-firm, but it’s not middle-market either. The firm typically does just one deal per year, which makes 2009 a big one for CD&R. Last year CD&R closed three deals, all paid for by its new fund.
Lyceum Capital has acquired a majority stake in McKinnon and Clarke, a Scotland-based energy procurement and compliance consultant. The deal gives M&C and enterprise value of £22 million. wwwlyceumcapital.co.uk
BB&T Capital Partners has acquired Jones & Frank Corp., a Norfolk, Va.-based provider of petroleum equipment and services on the East Coast. No financial terms were disclosed. Parkway Capital Investors co-invested on the equity, while Parkway and SunTrust Bank provided leveraged financing. Matrix Capital Group managed the sale process.