278 Views

FFL to sell garage doors maker CHI to KKR

KKR is buying Arthur, Illinois-based C.H.I. Overhead Doors, a maker of residential and commercial garage doors. The seller is FFL. No financial terms were disclosed. Barclays and Credit Suisse provided financial advice to CHI and FFL on the transaction.

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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.

Crosswinds appoints McCormick as interim CFO

Crosswinds Holdings Inc has named Susan McCormick as interim chief financial officer. The appointment becomes effective June 1. McCormick’s work background includes stints at CIBC, Credit Suisse and Yahoo! Canada.

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Cerberus sells Silverleaf Resorts to Orange Lake Holdings

Cerberus Capital Management has sold Silverleaf Resorts Inc to Orange Lake Holdings. No financial terms were disclosed. Credit Suisse provided financial advice to Silverleaf and Cerberus on the transaction. Silverleaf Resorts is a vacation ownership company.

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Apollo agrees to buy Protection 1 and ASG Security

Apollo Global Management LLC has agreed to acquire two security monitoring companies Protection 1 and ASG Security. No financial terms were disclosed for the transaction that is expected be completed in mid-2015. Both companies will merge and operate under the Protection 1 brand. Credit Suisse, Barclays, Deutsche Bank, Jefferies and RBC are providing the financing for the deal. Morgan Stanley and Raymond James are providing financial advice to Protection 1 while Goldman Sachs is doing likewise for ASG Security.

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VC-backed Shopify sets IPO pricing terms

Canada-based Shopify Inc, a commerce platform for small and medium-sized businesses, has priced its IPO of 7.7 million shares at between $12 and $14 per share. The company will list the stock on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbols “SHOP” and “SH” respectively. Morgan Stanley, Credit Suisse and RBC Capital Markets are serving as the lead underwriters. Shopify’s backers include OMERS Ventures, Insight Venture Partners, Bessemer Venture Partners, FirstMark Capital, Georgian Partners and Felicis Ventures.

Belgian biotech company seeks to go public in U.S.

Belgian biotech company Galapagos NV has filed for a U.S. IPO. The company plans on listing the stock on the NASDAQ under the ticker symbol “GLPG.” Morgan Stanley, Credit Suisse and Cowen and Company are serving as lead underwriters for the U.S. IPO. The company currently trades its shares on the Euronext Amsterdam and Euronext Brussels under the ticker symbol “GLPG.” Galapagos’ backers include Johnson & Johnson, Van Herk Investments and The Capital Group Companies.

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peHUB First Read

First Read starts your morning with news of Credit Suisse’s CEO stepping down, Uber says it will create one million jobs for women by 2020 and pioneering tech blog Gigaom shuts down after running out of money.

189 Views

H.I.G. Capital completes The Newark Group add-on

H.I.G. Capital-backed Caraustar Industries, Inc., has completed the acquisition of The Newark Group Inc., which makes recycled paperboard, linerboard, industrial tubes, cores and other converted products. Financing for the deal was provided by Credit Suisse Securities (USA) LLC, Jefferies LLC, Wells Fargo Capital Finance and Regions Business Capital.

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