Hg Capital and Ontario Teachers Pension Plan were scheduled to submit final bids on Monday for Acorn Care and Education, a UK-based provider of foster care services and schools for children with learning disabilities, according to the FT. The offers were expected to be worth approximately £150 million. The seller is Phoenix Equity Partners, which […]
Bruckmann, Rosser, Sherrill & Co. has agreed to buy $25 million of convertible preferred stock in Ruth’s Hospitality Group Inc. (Nasdaq: RUTH), owner of several restaurant concepts including Ruth’s Chris Steak House. Proceeds will be used to pay down an existing credit facility.
Norican Group, a Danish metallic parts enhancement company has completed a financial restructuring. No terms were disclosed, except that the deal involved existing Norican equity sponsors (Mid Europa Partners and Mezzanine Management) and lenders (Nordea, HSH and DnB Nor).
(Reuters) – In a move seen as a precursor to an initial public offering for Glencore International AG, a group of institutional investors will invest about $2.2 billion into the Swiss commodity trader, the Wall Street Journal said, citing people familiar with the situation. The paper said the deal would likely be structured as a […]
Excellere Partners has completed its acquisition of MTS Medication Technologies Inc. (Nasdaq: MTSI), a provider of medication adherence packaging systems. The deal was valued at approximately $37 million, or $5.75 per share. Raymond James & Associates served as MTS' financial advisor.
NEW YORK (Reuters) – Bankrupt U.S. yellow-pages publisher Idearc Inc (IDARQ.PK) said on Tuesday that a U.S. judge has formally approved its reorganization plan, allowing the company to emerge from bankruptcy by the end of the year. Judge Barbara Houser of the U.S. Bankruptcy Court in Dallas, has signed the order approving its plan following […]
NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co (KKR.AS) has led a team bidding for Erickson Retirement Communities LLC, a bankrupt U.S. retirement community developer holding an auction for its assets on Tuesday, a source familiar with the situation said. The KKR bid, made with private equity management firm Beecken Petty […]
Everyone remembers Forstmann Little & Co., the once-great buyout house that never really survived the telecom crash, sputtering its way to a full-on halt in 2006. And like we all know, part of the problem, and beauty, of the buyout business is that it takes a long time to wind these things down. Today Citadel […]
CI Capital Partners has acquired Transplace, a provider of non-asset-based third party logistics and transportation management services. No financial terms were disclosed. Transplace was founded in 2000 by six U.S. freight carriers, and this year will generate more than $700 million in revenue from approximately 650 customers.
Transilwrap, a portfolio company of Nicolet Capital Partners, has acquired Quest Films Inc., a Woodstock, Ill.-based maker and distributor of thermal laminating folks. No finanjcial terms were disclosed. www.nicoletcap.com