NEW YORK (Reuters) – Porter Orlin, a New York-based investment manager, said on Tuesday it wrote a letter to CKE Restaurants’ (CKR.N) board and management, expressing strong dissatisfaction with private equity firm THL Partners’ [THL.UL] plan to take the company private. Porter Orlin, which holds almost 2.3 million shares in CKE, said in the letter […]
MUMBAI (Reuters) – Blackstone Group (BX.N) will invest about $50 million in the parent of media firm Jagran Prakashan (JAGP.BO), as the U.S. private equity group seeks to ride strong growth in India’s print media market, the firms said. The firms did not disclose the size of the stake that Blackstone would take in Jagran […]
Roofing Supply Group, a wholesale distributor of roofing supplies, has acquired the roofing division assets of Oklahoma City-based Northwest Roofing Supply Inc. No financial terms were disclosed. Roofing Supply Group is a portfolio company of The Sterling Group
Yankee Group, a Boston-based market research company, has raised $10 million in new private equity funding from majority shareholder Alta Communications. The capital will be used to support " the strategic expansion of its research on the impact of global connectivity."
(Reuters) – Aeroflex Holding Corp filed with U.S. regulators on Tuesday to raise up to $500 million in an initial public offering of common stock. Plainview, New York-based Aeroflex provides radio frequency and microwave integrated circuits used in wireless communication systems. It said in its prospectus that its customers include Boeing Co (BA.N), Cisco Systems […]
NEW YORK (Reuters) – Private equity firm MatlinPatterson is trying to sell Polymer Group, a non-woven materials maker in which it is the largest shareholder, according to sources familiar with the matter. Blackstone (BX.N) is advising on the sale, the sources said, and the focus has been primarily on attracting private equity companies as bidders, […]
TORONTO (Reuters) – The Ontario Teachers’ Pension Plan, one of Canada’s top investors, said on Tuesday the value of its investments bounced back in 2009 after major losses a year earlier, but not enough to stave off a funding shortfall. Teachers’, which administers the pensions of 289,000 active and retired educators in Ontario, said it […]
NEW YORK (Reuters) – Apollo Management’s $635 million takeover of theme park operator Cedar Fair (FUN.N) has collapsed due to lack of investor support, costing the company $6.5 million in fees, Cedar Fair said on Tuesday. The $11.50-a-share offer, made in December, was notable for being one of the few leveraged buyouts of last year […]
WestView Capital Partners has sponsored a recapitalization of Peerless Industrial Group Inc.; a Winona, Minn.-based manufacturer of chains, fittings, wire forms, tire chains wire rope and cordage. No financial terms were disclosed.
New Vitality, a Farmingdale, N.Y.-based direct marketer of premium nutritional supplements and personal care products, has raised an undisclosed amount of private equity funding from Baird Capital Partners.