247 Views

Centerbridge to buy KIK Custom Products from CI Capital

Centerbridge Partners LP has agreed to buy KIK Custom Products from CI Capital Partners. Financial terms weren’t announced but Reuters valued the deal at $1.6 billion. Concord, Ontario-based KIK makes consumer packaged goods for brands and retailers. BMO Capital Markets is providing debt financing. Morgan Stanley & Co. LLC and Rothschild advised KIK while Barclays is providing financial advice to Centerbridge.

240 Views

Goldman Sachs and Centerbridge to sell KAG to OMERS Private Equity

OMERS Private Equity has agreed to buy Kenan Advantage Group Inc. The sellers are Goldman Sachs Capital Partners and Centerbridge Partners. No financial terms were disclosed for the transaction that’s expected to be completed in the third quarter of this year. Based in North Canton, Ohio, KAG is a provider of liquid bulk transportation services.

141 Views

Centerbridge closes Great Wolf Resorts buy

Centerbridge Partners LP said Tuesday they have completed their acquisition of Great Wolf Resorts Inc. The seller was Apollo Global Management. The deal was reportedly valued at $1.35 billion. Great Wolf is a U.S. operator of indoor water parks. Deutsche Bank Securities Inc. and Goldman, Sachs & Co advised Great Wolf. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Macquarie Capital (USA) Inc., and Nomura Securities International Inc. provided financial advice to Centerbridge.

251 Views

Centerbridge to buy Banca Farmafactoring

Apax Partners has agreed to sell its stake in Banca Farmafactoring S.p.A. to Centerbridge Partners LP. Financial terms weren’t announced. Banca Farmafactoring, of Milan, is a provider of credit management and non-recourse factoring services to suppliers of the Italian and Iberian public sectors.

135 Views

Long named Penhall Company CEO

Penhall Company, which is backed by Centerbridge Partners, said Monday that Jeff Long was named CEO. Long will succeed C. George Bush, who is retiring from active leadership of the company and will transition to serving as a senior advisor. Long was most recently Senior Managing Director at Centerbridge Partners.

116 Views

Centerbridge closes $1.2 bln buy of IPC

Centerbridge Partners LP has completed its $1.2 billion buy of IPC Systems from Silver Lake Partners. The deal was announced in December. Jersey City, N.J.-based IPC provides network services and trading communication technology for the financial markets. Evercore and Goldman, Sachs & Co. advised IPC, while Barclays and Credit Suisse Securities provided financial advice to Centerbridge.

126 Views

Centerbridge completes IPC acquisition

Centerbridge Partners has closed its previously announced buy of IPC Systems, a Jersey City, New Jersey-based provider of network services and trading communication technology for the financial markets. No financial terms were disclosed although previous reports said the price of the transaction would be about $1.2 billion. The seller was Silver Lake Partners. Evercore and Goldman Sachs advised IPC while Barclays and Credit Suisse Securities (USA) LLC advised Centerbridge.

274 Views

Centerbridge recaps Boart Longyear

Centerbridge Partners has completed a recapitalization of Boart Longyear Limited, a Salt Lake City-based provider of of drilling services, drilling equipment and performance tooling. No financial terms were disclosed.

PE-backed Cardinal Logistics appoints White as executive chair

Cardinal Logistics Management Corp, which is backed by Centerbridge Partners, has named Tom White as executive chairman. Previously, White worked in senior management at a number of companies that include CEVA Logistics and Hub Group Inc. Cardinal Logistics provides transportation and third-party logistics services.

203 Views

Centerbridge to buy IPC Systems for $1.2 bln

Centerbridge Partners has agreed to buy IPC Systems for about $1.2 billion. Silver Lake Partners is the seller. The deal is expected to close in January 2015. Jersey City, N.J.-based IPC provides network services and trading communication technology for the financial markets. Evercore and The Goldman, Sachs & Co. advised IPC. Barclays and Credit Suisse Securities provided financial advice to Centerbridge.

PE-backed Penhall hires new regional VP of Pacific Northwest

Penhall, which is backed by Centerbridge Partners, has named Sean Butler as its regional vice president for the Pacific Northwest. Previously, Butler worked at Hertz Equipment Leasing where he served as division vice president of Northeast operations. Based in Anaheim, Calif., Penhall is a provider of concrete cutting, coring, breaking and related concrete construction solutions.

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