Wayzata-owned Neff Corp. goes public

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

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.

Texas Teachers’ Pledged $1.1B In Fourth Quarter

The giant Texas Teachers’ Retirement System committed more than $1.1 billion to private equity across seven investments in the fourth quarter, with some pledges going to long-time partners and some to new relationships…

Minnesota Investment Board Pledges $625M To Four Funds

The Minnesota State Board of Investment, which manages $57.5 billion for several state pension funds, has been ramping-up its private equity program during the last several months, pledging $625 million to four funds at its most recent meeting.

Majestic Star Completes Restructuring

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 […]

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