HM Capital Partners has completed its sale of health foods company Sturm Foods to TreeHouse Foods Inc. (NYSE: THS), for $660 million. Sturm makes health drink mixes and sticks, instant oatmeal and hot cereals.
Monarch Natural Gas, a portfolio company of Metalmark Capital Partners, has completed previously announced deal for most of the Riverbend midstream assets of Gasco Energy (NYSE Amex: GSX). The transaction was valued at $23 million in cash, and included related salt water evaporative facilities.
Pierpont Securities LLC has launched as a government securities broker-dealer, with $200 million in capital commitments from General Atlantic and Stone Point Capital. Company management has committed an additional $20 million.
J.P. Morgan Asset Management and Water Asset Management have agreed to acquire SouthWest Water Co. (Nasdaq: SWWC). The take-private deal is valued at around $275 million, or $11 per share.
NEW YORK/FRANKFURT (Reuters) – Germany’s E.ON (EONGn.DE), the world’s largest utility by sales, may sell its U.S. unit in what could be one of the biggest deals in the industry this year, people familiar with the matter told Reuters. “It’d be good to get rid of that business,” said a person from within E.ON familiar […]
CAIRO (Reuters) – Egyptian investment bank EFG-Hermes (HRHO.CA)(HRHOq.L) is opening a Damascus office and will launch a $250-$300 million private equity fund in the “untapped” Syrian market, the firm said on Wednesday. “The recent reforms undertaken by the Syrian government to liberalise the economy and facilitate the business environment have made Syria a compelling investment […]
LONDON (Reuters) – Part-nationalised Royal Bank of Scotland (RBS.L) has set an early April deadline for potential buyers of its payment processing arm and more than 300 bank branches, people familiar with the matter said. RBS, 84 percent state-owned after it was bailed out by the UK taxpayer at the height of the credit crisis, […]
NEW YORK (Reuters) – The private equity firm Warburg Pincus LLC plans to buy as much as $230 million of common stock in Primerica Inc from Citigroup Inc (C.N) in connection with the bank’s planned initial public offering for its life insurance unit. The planned purchase was revealed in a U.S. Securities and Exchange Commission […]
NEW YORK (Reuters) – Swoozie’s, a U.S. retailer of luxury gifts and stationery products, filed for bankruptcy protection on Tuesday, saying it was hurt by underperformance of recently acquired stores in the Northeast. The company, which voluntarily filed for Chapter 11 in a Georgia court, is seeking to sell its assets to a buyer or […]
WASHINGTON/NEW YORK (Reuters) – U.S. bank regulators have “struck a good balance” in their rules on private equity investments in failed banks, despite grousing from the industry, Federal Deposit Insurance Corp Chairman Sheila Bair said on Tuesday. “I think we’re learning as we go along, but it seems to me at this point, I think […]