White Oak Partners has agreed to acquire a stake in Paradigm Window Solutions, a Portland, Maine-based maker of vinyl windows for the East Coast and Upper Widwestern markets, from Applicator Sales & Services Inc. No financial terms were disclosed. The JIAN Group advised Applicator Sales & Services Inc. on the deal. www.paradigmwindows.com
Legacy Reserves LP (Nasdaq: LGCY), a Midland, Texas-based oil and gas exploration company focused on the Permian Basin and mid-continent regions, said that it is terminating sale talks with Apollo Management. The two sides had been in discussions over a $14 per unit deal that would have valued Legacy's equity at $435 million.
Consona Corp., Indianapolis-based provider of enterprise customer management and process solutions, has acquired the enterprise software business of Support.com (Nasdaq: SPRT). The all-cash deal was worth $20 million. Consona is owned by Battery Ventures and Thoma Cressey Equity Partners.
ZeniMax Media Inc., a Rockville, Md.-based game publisher backed by Providence Equity Partners, has acquired id Software, creator of games like DOOM and QUAKE. No financial terms were disclosed. Providence bought $300 million of convertible preferred stock in ZeniMax 18 months ago, for around a 25% ownership stake.
Advent International has agreed to invest R$280 million (US$142m) into the parent company of Brazilian private education company Kroton Educacional SA (Bovespa: KROT11). Following the transaction, Advent would indirectly hold a 28% stake in Kroton.
Technitrol Inc. (NYSE: TNL) has completed the sale of its Denmark-based Medtech components business to Altor Equity for $200 million. The business generated $110 million in revenue last year, and includes the balanced armature receivers, high-end microphones and electromechanical devices for the hearing aid, high-end audio headset and medical device markets. PRESS RELEASE Technitrol, Inc. […]
LONDON(Reuters) – Lenders to French roofing company Monier Group have approved a restructuring deal that sees a group of debt investors take control of the company, a source with knowledge of the situation said on Thursday. The deal is one of the largest “loan to own” restructurings in Europe, and has been led by debt […]
DETROIT (Reuters) – A group of lenders to bankrupt auto supplier Delphi Corp. on Wednesday filed an objection to a sale brokered by the Obama administration, saying it had been “secretly negotiated” and that the company had stymied consideration of alternatives. The bankruptcy court filing marked an escalation in a showdown between investors that have provided […]
LONDON (Reuters) – British boiler maker Baxi said on Wednesday it had secured a standstill and waiver agreement on its leveraged loans, which will allow it to avoid breaching covenants and technical default. In mid June Baxi warned that it was in danger of breaching cashflow and leverage covenants when they were next tested at […]
DUBAI(Reuters) – Middle Eastern private equity firms sitting on $11 billion in cash are keen to put money in regional health and infrastructure projects, likely triggering a revival in the sector by the end of the year, industry leaders said. Private equity activity, the investment in non-listed companies, has sunk to all-time lows as their […]