Wayzata-owned Neff Corp. goes public

By Iris Dorbian — 1 year ago

Neff Corp., a regional equipment rental firm, has debuted its IPO after pricing its over 10 million shares at $15 per share. The stock began trading Friday on the NYSE under the ticker symbol “NEFF.” Morgan Stanley, Jefferies, Piper Jaffray and Merrill Lynch, Pierce, Fenner & Smith are the lead underwriters. Neff filed for bankruptcy in May 2010 and emerged from Chapter 11 a few months later. It was later acquired by Wayzata Investment Partners.


American Securities acquires Grede

By Iris Dorbian — 2 years ago

American Securities has acquired Grede Holdings, which was backed by Wayzata Investment Partners. No financial terms were disclosed for the the transaction, which was done in partnership with Grede’s management. Headquartered in Southfield, Mich., Grede is a maker of cast, machined and assembled components for transportation and industrial sectors.


Majestic Star Completes Restructuring

By Angela Sormani — 4 years ago

Majestic Star Casino has successfully completed restructuring and emerged from Chapter 11 bankruptcy, writes Reuters. The casino operator, which had filed for bankruptcy in November 2009, said it eliminated over $500 million in debt, Reuters reports. Private investment funds managed by Wayzata Investment Partners will be the largest holders of Majestic Holdco. (Reuters) – The […]