186 Views

Berkshire Partners, New Balance Holding buy The Rockport Company

Berkshire Partners LLC, along with New Balance Holding Inc., have closed their buy of The Rockport Company. The adidas Group is the seller. Financial terms weren’t announced. The deal calls for Drydock Footwear LLC, a New Balance affiliate and home to the Cobb Hill, Aravon and Dunham brands, to join with The Rockport Company to form The Rockport Group. Bob Infantino will serve as CEO of The Rockport Group. Canton, Massachusetts-based Rockport designs and markets comfort footwear for men and women. Brands will include Rockport, Cobb Hill, Aravon and Dunham. New Balance Holding Inc. is the investment arm of New Balance.

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Digital Realty to buy Telx in $1.886 bln deal

Digital Realty Trust Inc. has agreed to buy Telx in a deal valued at $1.886 billion. The sellers are ABRY Partners and Berkshire Partners. New York-based Telx provides data center colocation, interconnection and cloud enablement solutions. BofA Merrill Lynch and Morgan Stanley advised Digital Realty. Barclays and DH Capital advised the sellers and Telx.

129 Views

PE-backed Portillo’s appoints new CEO

Restaurant chain Portillo’s Hot Dogs LLC, which is backed by Berkshire Partners, has named Keith Kinsey as its new CEO. His appointment becomes effective July 1, 2015. Kinsey is the former president and chief operating officer at Noodles & Company.

138 Views

Digital Realty seeking to acquire Telx: Reuters

Digital Realty Trust Inc is working on a bid to acquire private equity-owned data center peer Telx Group Inc for more than $2 billion, in a deal that would diversify its business, sources told Reuters News.

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Berkshire to buy majority of Implus

Berkshire Partners LLC has agreed to buy a majority of Implus Corp. Trilantic North America was the seller. Financial terms weren’t announced. Durham, North Carolina-based Implus provides footwear accessories like insoles, socks and shoe care products. Robert W. Baird & Co. advised Implus.

343 Views

Lightower Fiber Networks and Fibertech Networks to merge for $1.9 bln

Lightower Fiber Networks and Fibertech Networks have agreed to merge. The value of the transaction is $1.9 billion. The deal is expected to be completed in the third quarter of this year. Headquartered in Boxborough, Massachusetts, Lightower Fiber Networks is an all-fiber provider of custom network services. And, Fibertech, which is located in Rochester, New York, is a provider of fiber-optic based network services. Lightower Fiber Networks’s backers include Berkshire Partners, Pamlico Capital and ABRY Partners while Fibertech Networks’ backers include Court Square Capital Partners.

249 Views

FFL promotes three to MD

FFL has promoted Chris Harris, Greg Lau and Greg Long to managing director. Prior to joining FFL, Harris worked at Berkshire Partners where he was an associate; Lau worked at Procter & Gamble; and Long served as a senior associate at The Parthenon Group.

872 Views

Berkshire Partners and New Balance to buy The Rockport Company

Berkshire Partners and New Balance Holding have agreed to buy The Rockport Company. The adidas Group is the seller. Financial terms weren’t announced. Canton, Massachusetts-based Rockport designs and markets footwear for men and women. Drydock Footwear, a New Balance affiliate, is joining with Rockport  to form The Rockport Group. The transaction is expected to close later in 2015.

301 Views

Berkshire promotes three to managing director

Berkshire Partners has promoted three people, Dave Bordeau, Marni Payne and Raleigh Shoemaker, to managing directors effective Jan. 1, 2015. They join a team of 19 current managing directors. Bordeau joined Berkshire in 2006 and has experience with the firm’s consumer products, retail and business services companies. Payne joined Berkshire in 2000 as an associate and returned to the firm in 2004 after business school. She works with the firm’s consumer products and retailing companies. Shoemaker joined the firm in 2006 focusing on business development activities. He became director of investor relations in 2013.

341 Views

Summit sells Access Information Management

Berkshire Partners has acquired a majority interest in Access Information Management. Financial terms weren’t announced. Summit Partners is the seller. Access Information provides records and information management services in North America. Robert W. Baird & Co. provided financial advice to Access.

348 Views

Hellman & Friedman completes Grocery Outlet acquisition

Hellman & Friedman has closed its previously announced buy of Grocery Outlet from Berkshire Partners. Grocery Outlet’s senior management team teamed up with Hellman & Friedman on the transaction. No financial terms were disclosed. Based in Emeryville, Calif., Grocery Outlet is a discount supermarket chain.

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In Second Opinion, Portillos Hot Dogs finds a buyer, Leon Black does a VC art deal, Anthony Noto gets a job at Twitter and Rafael Nadal loses at Wimbledon.

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