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Golden Gate Capital invests in Green Street

Golden Gate Capital has agreed to acquire a majority stake in Green Street Advisors. No financial terms were disclosed. Evercore advised Green Street on the transaction. Headquartered in Newport Beach, Calif., Green Street is a provider of research, analytics and advisory and consulting services for the commercial real estate sector.


Golden Gate agrees to buy Red Lobster for $2.1 bln

Golden Gate Capital has agreed to buy Red Lobster from Darden Restaurants for $2.1 billion in cash. Darden expects to receive net cash proceeds, after taxes and transaction costs, of about $1.6 billion, with about $1 billion to retire debt. The remaining $500 million to $600 million will be used for new share repurchases of up to $700 million in fiscal 2015.


Golden Gate Capital agrees to buy Phillips-Medisize Corp

Golden Gate Capital has agreed to acquire Phillips-Medisize Corp. from Kohlberg & Company. No financial terms were disclosed. Goldman Sachs advised Phillips-Medisize on the transaction while Robert W Baird advised Golden Gate Capital. Headquartered in Hudson, Wisconsin, Phillips-Medisize is a provider of design and manufacturing services to the pharmaceutical, medical device, diagnostic and specialty commercial sectors.


Golden Gate Capital to sell On The Border restaurant chain

Border Holdings, an affiliate of Argonne Capital Group, has agreed to acquire On The Border Mexican Grill & Cantina from Golden Gate Capital. No financial terms were disclosed. Argonne is teaming up with Fortress Investment Group on the deal. King & Spalding and McGuireWoods advised Argonne Capital Group on the transaction while Jefferies served as financial advisor to On The Border and Golden Gate Capital. On the Border is a Mexican restaurant chain.


Golden Gate Capital acquires LiveVox

Golden Gate Capital has acquired a majority stake in LiveVox. No financial terms were disclosed. Kirkland & Ellis advised Golden Gate Capital on the transaction while Morgan Lewis and GCA Savvian advised LiveVox.Headquartered in San Francisco, LiveVox is a provider of cloud contact center solutions.

BMC Software completes privatization transaction

BMC Software has completed its acquisition by a private investor group led by Bain Capital and Golden Gate Capital together with Insight Venture Partners, GIC Special Investments Pte Ltd and Elliott Management Corporation. As a result of the completion of the transaction, BMC Software common stock will no longer be listed for trading on NASDAQ.

Golden Gate Inks Buy of Springs Window Fashions

Golden Gate Capital said Monday it agreed to buy Springs Window Fashions from Heartland Industrial Partners and interests of the Close Family. Financial terms were not announced. Middleton, Wis.-based Springs Fashions makes and sells custom and stock window coverings and drapery hardware to retail and commercial customers. The deal is expected to close in June. BofA Merrill Lynch served as financial advisor to Golden Gate Capital on this transaction. J.P. Morgan served as financial advisor to Springs.


Newly Public, Kleiner-Backed RMG Networks on Why It Chose a Reverse Merger

As of this morning, Kleiner Perkins Caufield & Byers has a new, publicly traded company in its portfolio: San Francisco’s RMG Networks, a digital signage media company that has raised $20 million from Kleiner, DAG Ventures, and National Cinemedia since its 2006 founding. The company didn’t stage an IPO; rather, it completed a reverse merger with the blank check company in a maneuver that landed it on the Nasdaq.


Sycamore Partners Makes Third Retail Buy

Sycamore Partners, the private equity firm founded by former Golden Gate Capital executives, has clinched another retail deal. New York-based Sycamore said today it agreed to by Hot Topic, a teen retailer, for about $600 million or $14 a share.

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