(Reuters) – Private equity investors have lost faith in buyout houses and will refuse to back firms that fail to be transparent on their performance or do not accede to their demands on fees, a survey found. The once-booming industry, hit by falling portfolio company sales and a reliance on leverage to boost returns, has […]
Blackstone Group's shares haven't looked so hot since the firm went public in June 2007. No secret there. That's due to a lot of things, including the fact that investors aren't really sure what to make of the public private equity giant. Steve and Tony have lodged a handful of "the market doesn't understand us" comments, mostly in reference to leverage or mega-buyouts, but to their credit, they haven't been crying us a river like some whiny CEOs I know. And why should they, when they've got analysts to do their dirty work?
Ellora Energy Inc., a Boulder, Colo.-based oil and gas company backed by Yorktown Energy Partners, has hired Bank of America Merrill Lynch to help it explore strategic alternatives. Earlier this year the company re-filed its IPO plans after withdrawing registration without giving a reason. It plans to trade on the Nasdaq, with Merrill Lynch and […]
Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below. Independent oil and gas company Delta Petroleum Corp is exploring strategic alternatives, including a possible sale of the company. Ellora Energy Inc., an independent oil and gas exploration and production company based in Colorado, is exploring strategic alternatives and has retained Bank of America Merrill Lynch to advise its board. Alanco/TSI PRISM Inc., a unit of Arizona-based Alanco Technologies Inc., was seeking a buyer for the company.
UK private equity firm Palamon Capital Partners acquired a majority stake in Associated Dental Practices for £136 million from Smith & Williamson, of Kaupthing Capital Partners, the former private equity arm of Kaupthing Bank, according to European Venture Capital Journal.
GTCR portfolio company Six3 Systems, Inc. has agreed to to acquire BIT Systems, Inc., a signal processing systems data company. Six3 Systems, based in McLean, Virg., was formed by GTCR in April of this year to acquire government services providers which focus on national security.
Resilience Capital Partners announced the acquisition of Victor Oolitic Stone Company, a Bloomington, Ind.-based limestone provider. This transaction marks the first acquisition under Resilience’s previously announced industrial minerals platform, North Coast Minerals. Deal terms were not disclosed. Press release: Resilience Capital Partners, a leading private equity firm, announced the acquisition of Victor Oolitic Stone Company. […]
Vista Equity Partners has agreed to purchase Intuit Real Estate Solutions, a real estate software provider formerly known as Management Reports for approximately $128 million in cash. BUSINESS WIRE)–Intuit Inc. (Nasdaq: INTU) has signed a definitive agreement to sell Intuit Real Estate Solutions to Vista Equity Partners for approximately $128 million in cash. Vista Equity […]
Willis Stein has invested $20 million growth capital in CompuPay. Willis Stein acquired the company in 2004, building it with 13 add-on deals. Press release: CompuPay, Inc (www.compupay.com), one of the nation’s leading providers of payroll, tax filing and HR-related services, today announced that it has received an additional $20 million in growth capital from […]
A board member of Calpers, the California Public Employees' Retirement System, has agreed to pay $12,500 to settle a campaign contribution dispute related to placement agents, an official with California's political watchdog agency said on Monday.