J.F. Lehman recaps Ravn

J.F. Lehman & Company has recapitalized Alaska-based Ravn Air Group, a provider of regional air transportation and logistics services. No financial terms were disclosed. BNP Paribas and KeyBanc Capital Markets provided the debt financing for the transaction while Headwaters MB served as financial advisor to Ravn.


Apollo to acquire OM Group for $34 per share

Apollo Global Management LLC has agreed to acquire OM Group, a diversified industrials company, for $34 per share in cash. Also, Platform Specialty Products will buy OM Group’s electronic chemicals and photomasks business from Apollo in two separate deals for a total cash consideration of $365 million. Following these transactions, Apollo will own OM Group’s magnetic technologies, battery technologies and advanced organics businesses. BNP Paribas is serving as financial advisor to OM Group while Deutsche Bank Securities Inc is doing likewise for OM Group’s board of directors. Also, Lazard and Credit Suisse are serving as financial advisors to Apollo.


Monroe Capital closes $412 mln CLO

Monroe Capital has closed a $412 million term debt securitization known as Monroe Capital BSL CLO 2015-1. According to the company, this is the second CLO that Monroe has closed in the last six months. BNP Paribas served as the lead manager, structuring agent and bookrunner.


Tribeca exits stake in TPL

Tribeca has sold its stake in Termocandelaria Power Limited (TPL) to a consortium of previous minority shareholders as well as institutional investors. No financial terms were disclosed. BNP Paribas and Banicol provided financial advice on the transaction. Based in Columbia, TPL is the owner of thermal power generation companies Termocandelaria and Termobarranquilla.


SK Capital buys AEB Global

SK Capital Partners has acquired a controlling stake in AEB Global. Financial terms weren’t announced. Sellers include Investindustrial, which will retain a minority stake along with AEB management. Brescia, Italy-based AEB provides products and services for winemakers, beer brewers and other food and beverage producers. UniCredit S.p.A. acted as M&A advisor to SK Capital. BNP Paribas, Italian Branch and UniCredit provided committed debt financing for the transaction


Mason Wells sells Paris Presents to Wasserstein & Co.

Wasserstein & Co. has bought Paris Presents from Mason Wells. No financial terms were disclosed. Ontario Pension Board and Northwest Mutual are co-investing in the deal. BNP Paribas provided the financing for the transaction. Based in Gurnee, Illinois, Paris Presents is a provider of beauty products and personal care accessories.


Astorg Partners invests in M7

Astorg Partners is planning on acquiring a majority stake in CDS Topco from an investor group led by Providence Equity Partners. No financial terms were disclosed, which is expected to be completed in the third quarter of this year. Deutsche Bank and BNP Paribas advised Providence on the transaction while Emendo Capital advised Astorg. As a result of the deal. Providence and Airbridge Investments B.V will retain “significant’ minority stakes in CDS, which operates under the name M7. Headquartered in Luxembourg, M7 is a provider of DTH satellite services.


peHUB First Read

To end your late spring week, First Read has news Donald Sterling ruled mentally unfit to reject the sale of the L.A. Clippers, National Spelling Bee ended in a tie, KKR loan rejected by nervous banks and mysterious man-eating holes appearing in Indiana.

Ardian-backed Novacap completes refinancing

French chemicals group Novacap, which is backed by Ardian, has closed a refinancing on the high-yield bond market for 310 million euros. Also, the company has received a revolving credit facility of 65 million euros. Goldman Sachs was the lead bookrunner on the transaction with support from Deutsche Bank, BNP Paribas and Societe Generale.

J.F. Lehman Buys ACR Electronics

J.F. Lehman & Co. said Monday that it has acquired ACR Electronics. Financial terms weren’t disclosed. Chelton Avionics, subsidiary of Cobham, was the seller. ACR Electronics is a global provider of safety products and solutions to the aviation, marine, military and commercial markets. BNP Paribas provided debt financing. PRESS RELEASE J.F. Lehman & Company (“J.F. […]

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