(Reuters) – Shares of BankUnited Financial Corp (BKUNA.O) rose more than 70 percent, after a media report said billionaire investor Wilbur Ross and the Carlyle private equity group are considering a joint bid for the embattled lender. The two investors were conducting due diligence, the Financial Times said, citing people familiar with the matter. Wilbur […]
(Reuters) – Music and entertainment company Muzak Holdings LLC, which is known for providing background music in stores and hotels, said on Tuesday that it has filed for Chapter 11 bankruptcy protection to restructure its debt. In documents filed with a U.S. bankruptcy court, the Fort Mill, South Carolina-based company listed assets in the range […]
NEW YORK (Reuters) – Bob Marley’s family has teamed up with private equity group Hilco Consumer Capital to handle licensing of the late reggae legend’s likeness, trademarks and themes on retail products ranging from apparel to video games. Hilco will license products including, shoes, food, collectibles, luggage, musical instruments, and stationery, with the Bob Marley […]
Peter Maenhout has agreed to join GIMV as an executive vice president, with responsibilities for both the firm’s XL Fund and its Belgian buyout and growth capital activities. He previously was with Amber Capital.
Kosmos Energy LLC, a Dallas-based energy company backed by The Blackstone Group and Warburg Pincus, is soliciting buyers for its stakes in two West African oil fields, according to Dow Jones. The deal could be worth up to $3 billion. www.kosmosenergy.com
Mill Road Capital is participating in a cash tender offer to purchase all outstanding shares of Galaxy Nutritional Foods Inc. (OTC BB: GXFY) for $0.36 per share.
H. Lundbeck AS has agreed to acquire Ovation Pharmaceuticals Inc. for up to $900 million in cash. The deal includes a $600 million up-front payment that is expected to come next month, with the remaining $300 million contingent on Ovation reaching certain clinical milestones within one year of closing. Ovation Pharmaceuticals is a Deerfield, Ill.-based company formed in 2000, to develop specialty compounds for the US market and for niche indications with high unmet medical needs. GTCR-Golder Rauner acquired a majority stake in Ovation in 2002 for approximately $150 million.
Crane & Co. Inc., a provider of counterfeit-deterrent banknote papers, has acquired Nanoventions Holdings LLC from Visual Physics LLC. No financial terms were disclosed for the deal, which was facilitated by Brown Gibbons Lang & Co. Crane & Co. is a portfolio company of Lindsay Goldberg LLC. PRESS RELEASE Brown Gibbons Lang & Company […]
Kensington Capital Partners and Orchard Plainfield LLC have sponsored a recapitalization of Polymer Plainfield Holdings Inc., a Plainfield, Ill.-based maker of metal and injection molding components. No financial terms were disclosed.
UK private equity firm LDC has added to its presence in the North West of England with the appointment of Catherine Houghton. Houghton joins LDC’s Manchester office as investor director. She was previously at Bank of Scotland Integrated Finance having worked as for PricewaterhouseCoopers on their private equity advisory team before that. Her appointment creates […]