E-Town Dragon to buy Mattson Technology for $3.80 per share

By Iris Dorbian — 2 months ago

E-Town Dragon has agreed to acquire Mattson Technology Inc for $3.80 per share in cash.  Morgan Stanley is serving as financial advisor to Mattson while Cowen and Company is providing financial advice to E-Town Dragon. The deal is expected to be completed in the first quarter of 2016. Mattson is a provider of semiconductor wafer processing equipment.

Continue

Flexpoint Ford hires Saporito as MD

By Iris Dorbian — 3 months ago

Flexpoint Ford has named Alex Saporito as managing director at its New York office. Previously, Saporito worked at Morgan Stanley where he served as managing director and global head of structuring for securitized products.

Continue

Pamplona to acquire MedAssets for about $2.7 bln

By Iris Dorbian — 3 months ago

Pamplona Capital Management has agreed to buy MedAssets, a healthcare performance improvement company, for $31.35 per share or about $2.7 billion. Also, Pamplona has agreed to divest MedAssets’ spend and clinical resource management unit to VHA-UHC Alliance following the deal’s closing. Morgan Stanley and Barclays are providing financial advice to Pamplona on the transaction.

Continue

Apax Partners completes AssuredPartners acquisition

By Iris Dorbian — 4 months ago

GTCR has sold insurance broker AssuredPartners to Apax Partners. No financial terms were disclosed. BofA Merrill Lynch served as lead financial advisor to AssuredPartners and GTCR on the transaction with Barclays and Morgan Stanley & Co. also providing financial advice.

Continue

NorthStar Asset Management to buy The Townsend Group from GTCR

By Luisa Beltran — 4 months ago

NorthStar Asset Management Group Inc. said Thursday it has agreed to buy a roughly 85 percent stake in The Townsend Group. for about $380 million. GTCR is the seller. New York-based Townsend is a specialty real estate advisory and investment firm. NorthStar said it has obtained a $500 million financing commitment, which is being led by Morgan Stanley Senior Funding Inc. The deal is expected to close in early 2016. Morgan Stanley advised NorthStar.

Continue

PE-backed LoanDepot files for IPO

By Iris Dorbian — 4 months ago

California-based consumer lender LoanDepot Inc has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Morgan Stanley, Goldman Sachs, Wells Fargo Securities, Barclays and UBS Investment Bank will serve as the lead underwriters. LoanDepot is backed by Parthenon Capital Partners.

Continue

KKR-backed Laureate Education files for IPO

By Iris Dorbian — 4 months ago

KKR portfolio company Laureate Education has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms and the stock exchange that will list the stock have yet to be set. Credit Suisse Securities (USA) LLC, Morgan Stanley and Barclays Capital Inc are serving as the lead underwriters. Based in Baltimore, Laureate Education is a for-profit college network.

Continue

PE-backed Performance Food Group Company rolls out IPO

By Iris Dorbian — 4 months ago

Virginia-based food products distributor Performance Food Group Company has raised about $276 million for its IPO after pricing its 14.5 million shares at $19 per share. The stock began trading on the New York Stock Exchange under the ticker symbol “PFGC.” Credit Suisse Securities (USA) LLC, Barclays Capital, Wells Fargo Securities LLC and Morgan Stanley are serving as the lead underwriters.PFGC is backed by Wellspring Capital Management and Blackstone Group.

Continue

PE-backed Performance Food Group prices IPO

By Iris Dorbian — 5 months ago

Virginia-based food products distributor Performance Food Group Company has priced its IPO of 14.5 million shares at between $22 and $25 per share. The stock will list on the New York Stock Exchange under the ticker symbol “PFGC.” Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Wells Fargo Securities LLC and Morgan Stanley & Co. LLC are serving as the lead underwriters. PFGC is backed by Wellspring Capital Management and Blackstone Group.

Continue

PE-backed Waco International to launch IPO

By Iris Dorbian — 5 months ago

Waco International, which is backed by South Africa private equity firm Ethos Private Equity, will list on the Johannesburg Stock Exchange later this year. The IPO will be open to “eligible investors only.” RMB, Morgan Stanley and Standard Bank will serve as lead underwriters and joint advisors on the potential IPO. Based in South Africa, Waco International is a provider of equipment rental and industrial services.

Continue

PeerIQ scores $2.5 mln

By Iris Dorbian — 5 months ago

New York City-based financial information services company PeerIQ has secured $2.5 million in funding. The investors included Victory Park Capital, Fenway Summer Ventures, Uprising and former Morgan Stanley Chairman and CEO John Mack.

Continue