PHILADELPHIA/NEW YORK (Reuters) – Private equity firm Ares Management has put Aspen Dental, a chain of dentistry practices, up for sale, sources familiar with the situation said on Thursday. Ares, which made its initial investment in Aspen Dental in 2006, has hired Moelis & Co to auction the business, sources said. Ares, Moelis and Aspen […]
Advent International, Bain Capital and Berkshire Partners have completed their $1.2 billion take-private acquisition of SkillSoft PLC, a provider of SaaS e-learning and performance support solutions.
The Blackstone Group and affiliate GSO Capital have completed a $280 million IPO of a senior floating rate term fund, which will trade on the NYSE under ticker symbol BSI.
NEW YORK (Reuters) – Radiation detection and monitoring company Mirion Technologies Inc (MION.O) shelved plans for an initial public offering on Wednesday due to “market conditions,” an underwriter said. San Ramon, California-based Mirion sells radiation detection, measurement, analysis and monitoring devices and services to nuclear, defense and medical industry customers. It had planned to sell […]
NEW YORK (Reuters) – Private equity firm Quadrangle Group LLC, which is gearing up to raise a new fund, is exploring options which could include selling a minority stake in itself and gaining an anchor tenant for its fund, two sources familiar with the matter said on Wednesday. Quadrangle, a media-focused firm, is in discussions […]
TAIPEI (Reuters) – Private equity firm Carlyle Group and telecoms company Taiwan Mobile (3045.TW) are in talks to extend a June deadline for their stalled $1 billion cable TV deal, a source with direct knowledge of the situation said on Thursday. Carlyle’s plan to sell its stake in cable TV company Kbro for 15.5 percent of […]
BEIJING (Reuters) – China International Capital Corp (CICC), the country’s biggest investment bank, is planning to raise a $300 million fund in September, stepping up its efforts to tap into China’s lucrative private equity sector. The dollar fund would be raised through CICC’s Hong Kong unit and CICC would contribute about 10 percent of the […]
(Reuters) – Lehman Brothers Holdings Inc (LEHMQ.PK) and a group of unsecured creditors on Wednesday sued JPMorgan Chase & Co (JPM.N) for more than $5 billion, accusing the bank of siphoning billions of dollars of critically-needed assets, and hastening its bankruptcy. In a lawsuit filed in Manhattan bankruptcy court, the plaintiffs accused JPMorgan of extracting […]
PHILADELPHIA/NEW YORK (Reuters) – Farley’s & Sathers Candy Co Inc, the maker of Brach’s, Jujyfruits, and Now and Later candies, has hired investment bankers to help it find a buyer, sources familiar with the situation said on Wednesday. Farley’s & Sathers has hired Goldman Sachs to help it explore strategic options, sources said. The Minnesota […]
Daniel Gray and Irene Hong have joined KPS Capital Partners. Gray will serve as managing director of business development, and previously was with Gores Group. Hong will be VP of investor relations and marketing, and previously was in the fund placement group at Jefferies.