Chef Solutions Holdings LLC (a.k.a. Orval Kent), a Wheeling, Ill.-based manufacturer of fresh prepared foods for retailers and food service accounts, has raised $24 million from Mistral Equity Partners.
(Reuters) – Real-estate private-equity giant Lone Star Funds is cutting some of its fees as it tries to raise $20 billion to buy pools of troubled mortgages and other kinds of distressed debt, the Wall Street Journal reported on its website on Tuesday. Lone Star, led by John Grayken, reduced the minimum management fee it […]
(Reuters) – Private equity firm BC Partners is staking up to $331 million on strong growth in U.S. career training, buying Texas-based ATI Enterprises from middle-market rival The Riverside Company. BC will invest the money from its current fund, alongside roughly $250 million of debt, to buy ATI, which offers courses in subjects such as […]
Norvestor has agreed to sell Intelecom Holding AS, a Norway-based provider of communications solutions in Western Europe, to Carrot Communications AS. No financial terms were disclosed. Norvestor acquired Intelecom in December 2008, taking it private from the Oslo Stock Exchange. This represents the first exit for Norvestor's fifth fund.
Louis de Saint-Marcq has joined placement agent Capstone Partners as an associate partner in the firm's European office. He previously was in the London office of Goldman Sachs as an executive director of equities.
Catherine Lewis La Torre has been named a partner with Fondinvest Capital, a French fund-of-funds manager. She previously was a founding partner of Proventure, a fund-of-funds manager focused on the European middle markets. www.fondinvest.com
Lee Scott, former president and CEO of Wal-Mart, has joined Solamere Capital as an operating partner and member of the firm's investment committee. He had joined Wal-Mart in 1979 as an assistant director in the company's logistics division, and served as president and CEO for nine years until leaving this past February.
Archipelago Learning Inc., a Dallas-based provider of online education tools and services, has set its IPO terms to 6.25 million common shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $427 million, were it to price at the high end of its range. The company […]
LONDON (Reuters) – Private equity firm CVC dissolved a consortium with General Electric (GE.N) that had been planning a joint bid for the transmission and distribution (T&D) business of Areva (CEPFi.PA) , a person familiar with the matter said on Monday. CVC was reluctant to be a minority shareholder and General Electric grew in confidence […]
NEW YORK (Reuters) – Automobile parts maker Lear Corp (LEA_w.N) said on Monday that it had emerged from bankruptcy protection with less than $1 billion in debt. The maker of seats, door panels and electrical distribution systems for cars also said its new common shares would trade on the New York Stock exchange under the […]