Jon Atzen has joined the Los Angeles office of Sheppard, Mullin, Richter & Hampton LLP as a partner focused on emerging companies. He previously was a partner with DLA Piper.
(Reuters) – One of the best ways to get inside the head of British private equity boss Guy Hands is to study what gift he gives for Christmas. For years, Hands has sent friends and business associates a book he has recently read along with a letter discussing the work. The gift is designed to […]
(Reuters) – London-listed Brit Insurance (BRE.L) has rejected a takeover approach from U.S buyout group Apollo that valued the insurer at more than 570 million pounds, the Financial Times reported on its website on Friday. Citing people close to the situation, the FT said Apollo had made an indicative offer of 10 pounds a share […]
Reinhold Industries Inc., a maker of aircraft seating components and aerospace solutions, has acquired Enpro Engineered Products Inc., a supplier of custom designed and manufactured components for the commercial aircraft industry. No financial terms were disclosed. Reinhold Industries is owned by The Jordan Company.
NEW YORK (Reuters) – Private equity firm TPG Capital agreed on Thursday to buy Vertafore, which provides software and services to the insurance sector, from rivals Hellman & Friedman and JMI Equity for a total of $1.4 billion. Hellman & Friedman, which has raised more than $25 billion of committed capital since its founding in […]
Moss Inc., a provider of tensioned fabric solutions to the retail and event markets, has acquired the Pink Inc., a New York-based provider of tensioned fabric solutions used to enhance visual environments and event atmospheres. No financial terms were disclosed. Moss is a portfolio company of Century Park Capital Partners.
(Reuters) – The private equity owners of Danish telecom group TDC (TDC.CO) are unlikely to go ahead with share offering before the fourth quarter of this year, after the sale of a Swiss unit was blocked by regulators, a minority institutional shareholder said on Thursday. TDC’s main owners, five private equity investment firms, had been […]
RBC Capital Markets announced three new hires: Frank Napolitano to lead a new U.S. power and utilities group, Kevin Smith to lead U.S. industrials and Ron Eliasek to co-head U.S. technology investment banking. Napolitano previously was with Lehman Brothers, Smith was with Silverfern Group and Eliasek was at Sagent Advisors.
Argosy Capital has closed its fourth fund with $180 million in capital commitments. The Wayne, Penn.-based firm focuses on lower middle-market operating companies and real estate.
DUBLIN (Reuters) – Swiss-based baker Aryzta (ARYN.S) (ARYN.I) unveiled two acquisitions for a combined $1.08 billion in deals it hopes will boost earnings and expand its reach in Europe and the United Sates, boosting its shares. Aryzta sells freshly baked bread and pastries under brands like Delice de France and Cuisine de France in Europe. […]