(Reuters) – Bruno’s Supermarkets LLC filed for Chapter 11 bankruptcy protection in an Alabama court on Thursday to restructure business operations, and said it may pursue a sale of all its assets. The company, which owns and operates Bruno’s and Food World grocery stores, also named Jim Grady as Chief Restructuring Officer to replace former […]
Granite Equity has acquired a majority stake in GEOTEK Inc., a Stewartville, Minn.-based maker of reinforced fiberglass pultrusion products for the electric utility and animal containment markets. No financial terms were disclosed. GEOTEK co-founders Conrad Fingerson and Amy Donahoe will retire from daily operations and join the company’s board, while Derek Mazula, who assisted Granite Equity on the deal, will join GEOTEK as its new president.
Headwaters MB has promoted Peter Nam and Matthew Pangborn to the position of director. Nam works out of Headwaters’ Orange County office, while Pangborn works out of Denver.
Newly launched advisory firm Quattro Partners has recruited Benoit d’Angelin from Centaurus Capital. Before joining hedge fund Centaurus in 2006, d’Angelin was co-head of European investment banking at Lehman Brothers. At Quattro he will be reunited with Lehman Brothers former head of UK investment banking Michael Tory who is setting up the new boutique firm. […]
UK mid-market private equity firm LDC has launched in the Benelux market. The firm has announced the appointment of Ronald Verhoef as director of its Netherlands operation. The news follows the opening of a Hong Kong office earlier this year as the formerly UK-focused buyout group becomes an international concern. In January, it revealed that […]
Stewart Hen, a managing director with Warburg Pincus, has joined the board of WuXi PharmaTech Inc. (NYSE: WX).
Larry Zimmerman has joined Piper Jaffray & Co. as a managing director and head of the firm’s industrials and financial sponsor coverage business. He previously was with Deutsche Bank Securities.
Green Courte Partners has extended its previously-announced cash tender offer for all outstanding shares of American Land Lease Inc. (NYSE: ANL) until 5pm on Tuesday, February 17. Green Courte is offering $14.20 per share.
SINGAPORE (Reuters) – Ho Ching will step down as the chief executive of Singapore state investor Temasek Holdings, as it faces a difficult time after a turmoil in global markets slashed the value of its investments. Chip Goodyear, the former CEO of BHP Billiton, will replace Ho, wife of Singapore Prime Minister Lee Hsien Loong, […]
(Reuters) – U.S. private equity firm TPG Capital is scaling back the $6 billion fund it raised to invest in distressed financial companies, the Financial Times reported. TPG told investors it has decided to return 25 percent of that money to investors, the paper said, citing investors of the private equity firm. TPG said it […]