(Reuters) – The Los Angeles Fire and Police Pensions fund board will vote on Thursday on whether to fire Aldus Equity Partners due to concerns raised by New York’s probe of kickbacks paid by private equity funds to win state pension fund business, an official with the California fund said on Monday. The $10.7 billion […]
Maxum Petroleum Holdings Inc., an Old Greenwich, Conn.-based energy logistics company, has withdrawn registration for an IPO of 16.7 million shares at between $14 and $16 per share. No explanation was given, although the move may be related to a $300 million private equity commitment that the company raised late last year from Metalmark Capital […]
NEW YORK (Reuters) – Two large providers of U.S. home loans during the housing boom, Accredited Home Lenders Holding Corp and Thornburg Mortgage Inc, filed for Chapter 11 bankruptcy on Friday, according to court documents. The San Diego, California-based Accredited is owned by U.S. private equity manager Lone Star Funds, which bought the provider of […]
Sarnova, a distributor of health care products in the emergency medical services (EMS) and respiratory markets, has acquired Blue Ridge Medical Inc., a supplier of pharmaceuticals to the EMS community. No financial terms were disclosed. Sarnova is a portfolio company of Water Street Healthcare Partners.
Irving Place Capital and Oaktree Capital Management have completed their acquisition of Richmond, Va.-based Chesapeake Corp., a bankrupt maker of paperboard and plastic packaging. The deal was valued at $485 million.
ComVest has agreed to acquire NationsHealth Inc. (OTC BB: NHRXE), a Sunrise, Fla.-based home delivery provider of diabetes supplies, insulin pumps, medications and other medical products. The deal is valued at approximately $3.4 million, or $0.12 per NationsHealth share.
American Capital has sold Vero Beach, Fla.-based general avaiation company Piper Aircraft Inc. to Imprimis for an undisclosed amount.
Diamondback Energy Services Inc., an Oklahoma City-based acquisition company focused on service-oriented companies in the oil and natural gas industry, has withdrawn registration for an $86.25 million IPO. It had planned to trade on the Nasdaq under ticker symbol FANG, with Jefferies & Co. serving as lead underwriter. Diamondback is controlled by Wexford Capital. www.wexford.com
GrowthWorks, a Canadian venture capital group, has signed a letter of intent to acquire Vancouver-based mutual fund manager Mavrix Fund Management Inc. (TSX:MVX).
The Sterling Group, a Houston-based private equity firm, has acquired Velcon Filters LLC, a Colorado Springs, Colo.-based filtration system manufacturer. No pricing terms were disclosed for the deal, which included leveraged financing from BNP PAribas and Amegy Bank of Texas.