Aurora Capital Group has completed its purchase of Porex from HLTH Corp. (Nasdaq: HLTH). The deal was valued at $142 million, including $74.5 million in cash payable at closing and $67.5 million in senior secured debt. Porex makes porous plastic products and components used in healthcare, industrial and consumer applications.
Haney Truck Line LLC, a provider of truckload transportation in the Pacific Northwest, has acquired the operating assets of Washington-based Puget Sound Truck Lines Inc. and Oregon-based Nickel Plate Express Inc. No pricing terms were disclosed for the acquisition, which was financed by Haney Truck management and existing equity sponsor Evergreen Pacific Partners.
US Liner Co., a Cranberry Township, Penn.-based maker of thermoplastic composite solutions, has received a minority equity investment from Sverica International. No financial terms were disclosed.
TEAK Midstream LLC, a Dallas, Texas-based midstream energy startup, has raised $100 million in private equity funding from Natural Gas Partners. TEAK was launched by Crosstex Energy co-founders Chris Aulds and James Wales.
Kai-Ching Lin has joined Houlihan Lokey as a managing director, focused on the valuation of complex securities. Lin previously was a managing director in the financial engineering practice of Duff & Phelps.
NEW YORK (Reuters) – AGA Medical Holdings Inc (AGAM.O), a maker of devices for heart defects and vascular diseases, priced shares in its initial public offering at $14.50 each, below its reduced estimate, becoming the latest private equity-backed deal to face weak demand. AGA, whose largest shareholder is private equity firm Welsh, Carson, Anderson & […]
NEW YORK (Reuters) – AGA Medical Holdings Inc (AGAM.O), a maker of devices for heart defects and vascular diseases, lowered the price range of its initial public offering ahead of the deal’s pricing on Tuesday, becoming the latest private equity-backed company to face weak demand. AGA, whose largest shareholder is private equity firm Welsh, Carson, […]
Clayton, Dubilier & Rice, Inc. completed its deal $250 million equity investment in the NCI Building Systems. The CD&R-managed funds acquired newly issued preferred stock resulting in an ownership position in the Company of approximately 68.5% on an as-converted basis.
Carlyle Group has invested an additional $10 million into Supercircuits, a video surveillance provider it purchased control of in 2006. The new capital will be used to fully retire Supercircuits’ debt and develop new products.
(Reuters) – Lonza (LONN.VX) withdrew its $460 million offer to acquire Canada’s Patheon (PTI.TO) on Tuesday, citing the cost and the opposition of majority shareholder JLL, and may now set its sights on other similar buys. The Swiss drugs industry supplier sought to widen its product range by offering last month to acquire drug manufacturer […]