Six3 Systems Inc., a provider of national security and defense intelligence services, has acquired BIT Systems Inc., a provider of intelligence, surveillance, and reconnaissance solutions. No financial terms were disclosed. Six3 Systems is a portfolio company of GTCR, and was advised on the deal by Cook Associates. PRESS RELEASE Chicago-based Cook Associates M&A Advisory Services […]
LONDON(Reuters) – Citigroup (C.N) said it was not seeking buyers for EMI, the British music group whose owners, Terra Firma, are suing the U.S. bank for billions of dollars in damages relating to its 2007 buyout. The statement came after The Observer newspaper reported on Sunday that Citi was lining up buyers for EMI, attempting to […]
Eagle Energy, a Tulsa, Okla.-based upstream oil and gas company, has raised an undisclosed amount of private equity funding from The Riverstone/Carlyle Global Energy and Power Funds.
Rave Cinemas LLC, a newly-formed acquisition platform backed by TowerBrook Capital Partners and Lambert Media Group, has agreed to buy the business operations and select real estate assets of up to 35 movie theaters from National Amusements Inc. No financial terms were disclosed. It also has acquired four theaters from Rave Reviews Cinemas, a portfolio company of Boston Ventures.
HM Capital Partners has agreed to sell Sturm Foods, a maker of hot cereal and powdered soft drink mixes, to TreeHouse Foods (NYSE: THS). The deal is valued at $660 million, and is expected to close by the end of Q1 2010.
Kansas Venture Capital has acquired the former AAIPharma bioanalytical division from ZeeCRO Inc. No financial terms were disclosed.
Gulf Marine Maintenance and Offshore Service Co. (GMMOS), a UAE-based provider of marine services to the offshore oil & gas industry, said that its chartering division has acquired five offshore support vessels. The purchase was financed by a recently-secured $100 million term loan facility from Standard Chartered Bank, Abu Dhabi Commercial Bank, Credit Suisse and Deutsche Bank. GMMOS is backed by Abraaj Capital and Waha Capital.
(Reuters) – U.S. newspaper publisher Heartland Publications LLC filed for Chapter 11 bankruptcy on Monday, hurt by a fall in advertising revenue due to the economic downturn and growing competition from Internet-based alternatives. As of Oct. 31, 2009, Heartland Publications reported about $134.3 million in total assets and about $166.2 million in total liabilities, court […]
PARIS (Reuters) – German insurer Allianz (ALVG.DE) said on Monday it was in exclusive talks over a possible sale of its French AGF Private Equity division to IDI, another private equity firm. IDI said it would aim to expand the AGF Private Equity business if it acquired it, and the parties involved said they hoped […]
Rock Gate Partners has acquired Walpar Inc., a Birmingham, Ala.-based maker of highway signage structures. No financial terms were disclosed. Peninsula Capital Partners provided mezzanine financing and an equity co-invest, while Wachovia Bank provided senior debt.