Home News Briefs Page 7888

News Briefs

KarpReilly Capital Partners and HIG Capital been rebuffed in their offer to buy women’s apparel retailer Charlotte Russe Holding Inc. (Nasdaq: CHIC), for between $9 and $9.50 per share. The deal could have been worth upwards of $198.6 million. KarpReilly currently holds a 5.4% stake in Charlotte Russe.
Nova Capital Management Ltd., a UK-based buyer of direct secondaries, is raising €300 million for its first official fund, according to LBO Wire. It had previously raised capital on an individual deal basis, since its 2002 formation. www.nova-cap.com
Centre Partners has acquired operating businesses of Connors Bros. Income Fund, which include branded seafood products like Bumble Bee and Brunswick. The transaction’s enterprise value is approximately $600 million, with Connors senior management staying in place and holding a “significant stake” in the business. Wells Fargo Foothill underwrote a $350 million senior revolver and term loan facility, Ares Capital arranged a $135 million senior sub-debt placement and co-invested on the equity. Falcon Investment Advisors also made an equity co-investment.
Ludo Bammens has joined KKR as director of European corporate affairs. He previously was with Coca-Cola Co. Europe Group.
The CapStreet Group, a Houston-based private equity firm focused on the lower middle-markets, has secured more than $80 million for a first close on its third fund. It is targeting a total of $200 million.
NEW YORK (Reuters) – Grand Canyon Education Inc. (LOPE.O: Quote, Profile, Research, Stock Buzz) shares priced at $12 on Wednesday in the company’s initial price offering, at the lower end of its estimated price range, an underwriter said. The pricing broke a nearly 15-week slump without an IPO in the United States, the longest in […]
BARCELONA, Nov 20 (Reuters) – France’s Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) kept the owners of NBC Universal guessing on Thursday over what it plans to do with a 20 percent stake in the U.S. entertainment giant as the latest deadline approaches for a possible sale. Europe’s largest entertainment group has an option every […]
MUMBAI/HONG KONG (Reuters) – Citigroup’s (C.N) South Asia Chief Executive Sanjay Nayar has quit to run private equity firm Kohlberg Kravis Roberts & Co’s new Indian unit, leaving the struggling bank after a 23-year career. Nayar’s departure from Citi had been rumoured for some time, and comes as the U.S. banking giant faces a severe […]
HONG KONG (Reuters) – It’s been a tough stretch for the Asian portfolio of CVC Capital Partners, a large private equity firm that is taking hits from all parts of the region. The firm recently failed to dispose of Amtek Engineering, the Singapore metal stamping company it bought last year, and is trying to sell […]
LONDON (Reuters) – Creditors of French building materials manufacturer Terreal are urgently seeking dialogue with its private equity owner, LBO France, after Terreal defaulted on a 915 million euro loan, banking sources said. Terreal failed a leverage covenant test last Friday on the loan, which specified that its leverage ratio must be eight times and […]
pehub
pehub

Copyright PEI Media

Not for publication, email or dissemination