Jacques Galante and Henry Ormond have joined Leeds Equity Partners as managing directors. Galante previously was a principal with The Carlyle Group, while Ormond was a principal with Quadrangle Group.
Cornerstone Records Management, a records information management company backed by Sterling Partners, has acquired the assets of Hamilton Records Management Inc., which will expand Cornerstone's New York Metro operations.
Kraton Performance Polymers, a Houston-based maker of polymers used in products such as disposable baby diapers and razor blades, raised $139 million in its IPO. The company priced served as lead underwriter. Shareholders include TPG Capital and JPMorgan Partners.
NEW YORK (Reuters) – Cobalt International Energy Inc (CIE.N) shares finished their first day of trading exactly where they priced in the company’s initial public offering. Cobalt shares opened at $13.25 and traded down as much as 7.4 percent early on the New York Stock Exchange before recovering to close at $13.50. On Tuesday, the […]
NEW YORK (Reuters) – Team Health Holdings Inc (TMH.N) shares jumped in their debut on Wednesday, making up some of the ground the hospital staffing company lost when its initial public offering priced well below expectations in a downsized deal. Shares of Team Health, which is majority owned by private equity firm Blackstone Group (BX.N), […]
LONDON (Reuters) – Private-equity investor Bridgepoint Capital Ltd has upped its offer for Care UK (CUK.L), valuing the health and social care provider at between 275 million and 300 million pounds ($491 million), the Financial Times reported on Thursday. In September, Care UK said it had rejected an unsolicited approach from Bridgepoint, describing it as […]
NEW YORK (Reuters) – Private equity firm Apollo Management on Wednesday said it has agreed to buy Ohio theme-park company Cedar Fair (FUN.N) for $635 million. The total transaction is valued at $2.4 billion including the refinancing of the company’s outstanding debt. Shareholders of the Sandusky, Ohio-based company would receive $11.50 in cash for each […]
COPENHAGEN (Reuters) – Danish ambulance service, rescue and safety group Falck said on Thursday its private equity owners were preparing an initial public offering of stock in the company. The principal shareholders are Nordic Capital Fund V and ATP Private Equity Partners. “The board is currently in the process of selecting advisers for the company’s […]
HarbourVest Partners has promoted Peter Lipson, Julie Ocko and Mary Traer to the position of managing director. Traer also was named chief administrative officer. Other HarbourVest promotions include: Karin Lagerlund to chief financial officer, Sebastiaan van den Berg to principal and Bruce Pixler, Catherine Shih, and Abraham Soquar to vice president.
Apollo Management is nearing a deal to acquire Sandusky, Ohio-based theme park operator Cedar Fair Entertainment (NYSE: FUN), according to the Wall Street Journal. The deal would be valued at approximately $2.3 billion, including the assumption of around $1.6 billion in debt. Cedar Fair owns 11 North American theme parks, including Knott’s Berry Farm in […]