NEW YORK (Reuters) – Fortress Investment Group may aggregate $650 million in commercial loans into the first new commercial mortgage-backed security eligible for a federal lending program, Commercial Mortgage Alert reported on Friday. Bank of America Corp. would arrange the sale that may include $414 million of senior debt and a $236 million mezzanine loan, […]
NEW YORK (Reuters) – Kohlberg Kravis Roberts & Co’s discount retailer Dollar General Corp (DG.N) set the terms of its initial public offering on Friday, in a sign that the $750 million offering could price by mid-November. In an updated prospectus filed on Friday with U.S. Securities and Exchange Commission, Dollar General said it planned […]
PSC Info Group, a portfolio company of Roark Capital Partners, has acquired North Shore Agency, a Melville, N.Y.-based provider of outsourced data management services. No financial terms were disclosed.
Kirtland Capital Partners has named Tom Littman president and senior partner. John Nestor will become chairman, while maintaining his roles as CEO and senior managing partner. Littman joined Kirtland in 1995, while Nestor joined in 1986.
TOKYO (Reuters) – Permira, Bain Capital and a team of CVC Capital and Blackstone (BX.N) have made offers in the final round of bidding for Citigroup Inc’s (C.N) Japanese telemarketer Bellsystem24, seven people with direct knowledge of the deal said. The deal could fetch more than $1 billion, making it the largest private equity transaction […]
Equinix Inc. (Nasdaq: EQIX) has agreed to acquire Switch & Data Facilities Co. (Nasdaq: SDXC) for approximately $689 million in cash and stock. The deal is expected to close in Q1 2010. Switch & Data had raised private equity funding before going public in 2007, and PE backers CapStreet Group and Seaport Capital still hold minority stakes.
Southfield Capital Advisors has agreed to sell Dealers’ Financial Services to Dollar Financial Corp. (Nasdaq: DLLR), for approximately $118 million in cash. Dealers' Financial is a Lexington, Ky.-based provider of services to enlisted junior military personnel seeking to purchase new and low mileage automobiles. It was acquired by Southfield Capital in November 2006.
The Teachers’ Retirement System of Oklahoma has hired Franklin Park to manage a $400 million discretionary private equity account. Franklin Park replaces Aldus Equity, which was fired after its founder Saul Meyer was indicted as part of the New York pay-to-play investigation. Myer has since pled guilty. www.ok.gov/TRS
American Industrial Partners has acquired the operating assets of Celerity Inc.'s systems integration business. No financial terms were disclosed. TPG Capital acquired Celerity in early 2006, and it also has received funding from Sovereign Capital and Tennenbaum Capital Partners.
(Reuters) – Rubio’s Restaurants Inc (RUBO.O) said its board has rejected an unsolicited takeover offer from a group consisting of Alex Meruelo and his affiliates. Rubio’s said it is evaluating strategic alternatives, including an evaluation of the expressions of interest received by the company. The board has engaged Cowen and Co to assist in its […]