116 Views

MidOcean to exit Noranco

MidOcean Partners said Monday that it has agreed to sell Noranco Inc. to Precision Castparts Corp. PSP Investments is also a seller. The deal is valued at $560 million, Precision Castparts said in a separate statement. Noranco supplies complex machined and fabricated components for aero-engine, landing gear and airframe applications. Lazard advised Noranco.

259 Views

MidOcean buys KidKraft

MidOcean Partners has acquired KidKraft Inc, a maker of gifts, toys, play sets and children’s products. No financial terms were disclosed. Lazard provided financial advice to KidKraft on the transaction.

206 Views

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.

277 Views

Insight Venture-backed Planview buys Troux

Planview, which is backed by Insight Venture Partners, has acquired Troux, an enterprise solutions provider. No financial terms were disclosed. Lazard was financial advisor to Troux on the transaction.

Cablevision to drop $1 bid for NY Daily News: Reuters

It was one dollar too much for Cablevision Systems Corp. The cable company is planning to pull out of the auction process for the New York Daily News after spending hundreds of hours analyzing a potential deal, sources told Reuters News.

210 Views

ACON buys Fiesta Mart

ACON Investments LLC said Wednesday it has acquired Fiesta Mart LLC. Financial terms weren’t announced. Fiesta is a Hispanic grocery chain in the United States with 60 stores throughout Texas. ACON said it also has hired Michael Byars as President and CEO of Fiesta. The Food Partners provided financial advice to ACON while Lazard advised Fiesta.

116 Views

Levine Leichtman Capital exits Dexter Magnetic

Levine Leichtman Capital Partners said Monday it closed the sale of Dexter Magnetic Technologies to Robert Family Holdings Inc. Financial terms weren’t announced. Elk Grove Village, Illinois-based Dexter designs, makes and provides highly-engineered magnetic solutions. Lazard Middle Market LLC advised Dexter.

216 Views

Genstar Capital completes Telestream acquisition

Thoma Bravo has closed its sale of Telestream to Genstar Capital. No financial terms were disclosed. Lazard provided financial advice to Telestream on the transaction. Based in Nevada City, California, Telestream is a provider of live and on-demand digital video tools and workflow solutions.

128 Views

Investindustrial to acquire majority stake in Goldcar

Investindustrial has agreed to buy a 80 percent stake in Goldcar, a Spain-based holiday car rental firm. The founders and sellers will retain the remaining 20 percent stake. No financial terms were disclosed; however, Deutsche Bank provided the financing while JP Morgan and Lazard served as financial advisors. The deal is expected to be completed in the second half of December 2014.

174 Views

Apax Partners to acquire Dutch software firm Exact

Apax Partners has agreed to buy Exact Holding for 730 million euros, the latter firm confirmed on its site. Rothschild and Lazard are providing financial advice to Exact on the transaction while Leonardo & Co., RBC Capital Markets, Deutsche Bank and ING Corporate Finance are serving as financial advisors to Apax. Based in The Netherlands, Exact is a business software provider. To read the announcement, visit here.

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239 Views

Alibaba IPO legal fees dwarf Facebook’s: Reuters

Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.

203 Views

Thoma Bravo completes Sparta Systems acquisition

Thoma Bravo said Monday that it has closed its buy of Sparta Systems. No financial terms were disclosed. Summit Partners and Altaris Capital Partners were the sellers. Lazard was the financial adviser on the transaction. Headquartered in Hamilton, NJ, Sparta Systems is a provider of enterprise quality management solutions.

153 Views

D.A. Davidson expands Chicago team with new hire

Investment firm D.A Davidson & Co. has named Craig Korte as a managing director to the firm’s Chicago office. In his new position, Korte will focus on middle market industrial firms. Previously, Korte worked at Lazard where he served as a director in the firm’s middle market industrials group.

357 Views

New Capital Partners hits $232 mln hard cap on Fund III

New Capital Partners has closed its third fund, New Capital Partners Private Equity Fund III, on the $232 million hard cap. Fund III beat its $200 million original target. The Birmingham, Alabama-based firm launched fundraising in March, 2014. Lazard worked as placement agent on the fundraising.

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