Texas Pacific Group has offered to sell 7.5 million shares of retailer J. Crew (NYSE: JCG) in a secondary public offering. If successful, it would cut TPG's ownership position from 36% to 24 percent. www.jcrew.com
eBay Inc. (Nasdaq: EBAY has agreed to acquire StubHub Inc., a San Francisco-based online marketplace for the resale of event tickets. The deal is valued at $310 million in cash, and is expected to close later this quarter. StubHub had raised around $19 million in VC funding since its 2000 inception, including a $2.5 million […]
TransDigm Group Inc. (NYSE: TDG) has agreed to acquire Aviation Technologies Inc. from Odyssey Investment Partners for approximately $430 million in cash. ATI is a Seattle-based provider of products to the commercial and military aerospace markets, including flight deck and passenger audio systems, cabin lighting displays and brushless motors. http://www.transdigm.com/ http://www.avitechusa.com/
3i Group has agreed to sell Nordic Modular, a Swedish maker of modules for temporary buildings, to Kungsleden AB for approximately Euro 100 million. http://www.3i.com/ http://www.temporent.se/
AmbironTrustWave, a Chicago-based provider of data security and compliance management solutions for the payment card industry, has acquired SecurePipe, a Lincolnshire, Ill.-based managed security provider. No financial terms were disclosed. SecurePipe had raised nearly $14 million in VC funding from firms like The Argentum Group, First Analysis Corp. and Prism Capital. http://www.atwcorp.com/ http://www.securepipe.com/
Volution Holdings Ltd., a UK-based portfolio company of ABN Amro Capital, has sold its Cable Management Group to Lloyds TSB Development Capital for an undisclosed amount. http://www.volutionholdings.com/
Goldman Sachs is not prohibiting club deals in the $10 billion auction for General Electric’s plastics unit. Moreover, it could care less about the sleepy Department of Justice “inquiry” into private equity collusion. Forgive my declaratives, but something needed to be said after the Wall Street Journal incorrectly published the following in yesterday’s edition (sorry for the delayed […]
Brocade Communications Systems Inc. (Nasdaq: BRCD) has acquired Silverback Systems Inc., a Campbell, Calif.-based provider of network acceleration technologies. No financial terms were disclosed, except that Brocade said that the “cash purchase price is not material to Brocade.” Silverback has raised around $50 million in total VC funding since its 2000 inception, from firms like […]
A Biomet Inc. shareholder has sued four private equity firms — Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. and Texas Pacific Group — and the company’s board of directors over a proposed $10.9 billion buyout. You can read the complaint here: Lawsuit against Biomet and Four PE Funds.pdf The lawsuit’s claims are typical […]
Now updated with ACG/Thomson press release and underlying data Last month, I asked PE Week Wire readers (become one here) to participate in the Bi-Annual ACG/Thomson DealMakers Survey. The official results come out tomorrow, but since everyone was so generous with their time, we got a sneak peak: Ninety-three percent of respondents (1,230 in all) believe that the current […]