(Reuters) – Jewelry retailer Finlay Enterprises Inc (FNLY.OB) filed for Chapter 11 protection in a Manhattan court late on Wednesday and said it would sell its assets in an auction supervised by the bankruptcy court. In a statement, Finlay said Gordon Brothers Retail Partners LLC would act as the stalking horse bidder at the auction. […]
BONN, Germany (Reuters) – German commercial broadcaster ProSiebenSat.1 (PSMG_p.DE) posted a rise in second-quarter core profit thanks mainly to cost-cuts but said the market environment was still too hazy for a 2009 outlook. “The market environment remains difficult particularly for us for whom the fourth quarter is crucial,” Chief Executive Thomas Ebeling said in a […]
NEW YORK (Reuters) – Avago Technologies Ltd priced shares in its initial public offering at the top of the estimate range and sold 20 percent more than expected in an IPO that may give rise to further offerings by private equity backed companies. Avago, a Singapore-based designer of analog semiconductor devices, said it sold 43.2 […]
MUMBAI (Reuters) – The founding partners of Baring Private Equity Partners India — Rahul Bhasin and Subbu Subramaniam — have decided to part ways, The Economic Times reported on Wednesday. Bhasin and Subramaniam have split due to differences over many issues, the paper said. Bhasin is expected to buy out the stake owned by Subramaniam, […]
Aaron Headley has joined Versa Capital Management as an associate. He recently received his MBA from Wharton and, before that, worked at Schultze Asset Management, TouchStone Partners and Wachovia. www.versa.com
WestView Capital Partners has sold Radiac Abrasives to Austria's Tyrolit Schleifmittelwerke Swarovski KG, for an undisclosed amount. Radiac is a Salem, Ill.-based maker of bonded abrasives and superabrasive grinding wheels.
MultiPlan Inc., a portfolio company of The Carlyle Group, has agreed to acquire Viant Inc., a portfolio company of Welsh Carson Anderson & Stowe. No financial terms were disclosed for the merger, which will create a single provider of medical cost management services.
VenGrowth Asset Management has agreed completed the sale of its mutual fund business, Criterion Investments, to First Asset Capital Corp. No financial terms were disclosed. In an earlier statement, Vengrowth said the move would allow it to “dedicate itself fully to its private equity business.”
Aurora Capital Group and Moelis Capital Partners have closed their co-sponsored merger between woundcare distribution companies RecoverCare LLC and MedaSTAT USA LLC. No financial terms were disclosed for what the companies described as a “merger of equals.” PRESS RELEASE Aurora Capital Group (“Aurora”), a Los Angeles-based private equity firm managing more than $2.0 billion in assets, […]
TSI Group Inc., a thermal management and electronics cooling company, has acquired J.A. Reinhardt and Co., a Mountainhome, Penn.-based provider of brazing and thermal management solutions. TSI Group is a portfolio company of Arlington Capital Partners.