PE-backed LoanDepot files for IPO

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.


KED and BDT Capital to acquire stake in Truck-Lite

Koch Equity Development LLC and BDT Capital Partners LLC have agreed to acquire Falconer, New York-based Truck-Lite, a provider of safety lighting and filtration systems for commercial vehicles. No financial terms were disclosed for the deal that’s expected to close in the fourth quarter of this year. Baird and Wells Fargo provided financial advice to Truck-Lite on the transaction while Barclays did likewise for KED. Truck-Lite is currently owned by Penske Corp (which will retain an ownership stake in Truck-Lite) and Kelso & Company.


PE HUB Second Opinion

In Second Opinion, Volkswagen is expected to announce that Porsche’s Matthias Müller will become its new CEO, Caterpillar will be trimming up to 5,000 jobs by the end of 2016 and in his speech to Congress, Pope Francis called on Americans to embrace immigrants from Latin America and around the world.


Veritas Capital to buy Alion

Veritas Capital said Thursday it has agreed to buy Alion Science and Technology Corp. Financial terms weren’t announced. Mclean, Virginia-based Alion provides engineering solutions and services that address issues relating to national defense, homeland security and other government areas. Credit Suisse and Wells Fargo advised Alion.


PE-owned restaurant chain Bojangles sets IPO pricing terms

Restaurant chain Bojangles Inc will be selling 6.25 million shares of its IPO at between $15 and $17 per share. The company will list the stock on the NASDAQ under the ticker symbol “BOJA.” BofA Merrill Lynch, Wells Fargo Securities and Jefferies are serving as the lead underwriters. Bojangles is a portfolio company of Advent International.


peHUB Second Opinion

In Second Opinion, health insurance start-up Oscar snags $145 mln in funding at an $1.5 bln valuation, GE is in talks to sell its lending and leasing portfolio to Wells Fargo and Kraft ends its macaroni and cheese fake coloring. But will it still be yellow?

A Klingon mask sits on display during preview of "40 Years of Star Trek: The Collection" in New York

peHUB Second Opinion

In Second Opinion, General Electric is close to selling its real estate holdings, Walgreen’s plans on closing about 200 U.S. stores to cut $1 billion in costs and language app Duolingo will soon be offering a course on Klingon, the fictional language from “Star Trek.”


Riverside acquires Chilton as an add-on

The Riverside Company has acquired food safety company Chilton Consulting Group as an add-on to its Alchemy Systems platform. No financial terms were disclosed. Jones Day and Deloitte advised Riverside on the transaction while Wells Fargo provided the financing.


Veritas Capital to sell CRGT to Bridge Growth

Bridge Growth Partners has agreed to buy CRGT from Veritas Capital. No financial terms were disclosed for the deal, which is expected to close by the end of the year. Wells Fargo and Stifel Nicolaus provided financial advice to CRGT on the transaction while Credit Suisse advised Bridge Growth. Also, Kevin Parker of Bridge Growth will become the chairman of CRGT’s board of directors. Based in Reston, Virginia, CRGT is a provider of custom software development and data analytics to federal government agencies.


IMatchative picks up $20 mln Series B

San Francisco-based IMatchative, which specializes in data aggregation and analysis in addition to behavioral psychology and algorithms, has secured $20 million in Series B funding. The investors included Wells Fargo, Control Empresarial de Capitales, S.A. de C.V., controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital and Whitebox CEO Andy Redleaf. Sterne, Agee & Leach, provided financial advice to IMatchative on the Series B funding round.


PE-backed Fairmount Santrol debuts IPO

Fairmount Santrol, which is backed by American Securities, has raised $400 million for its IPO after pricing its 25 million shares at $16 per share. The stock began trading Friday on the NYSE under the ticker symbol “FMSA.” Among the underwriters are Morgan Stanley, Wells Fargo, Barclays and Goldman Sachs. Based in Chesterland, Ohio, Fairmount Santrol is a provider of sand-based products for oil and gas exploration and production companies.


Lenders cowed by Fed rebuke on US leveraged loans: IFR

The Federal Reserve’s rebuke to Credit Suisse for failing to adhere to US leveraged lending guidelines is having an industry-wide effect as banks bow to regulatory pressures and start pulling back from underwriting highly leveraged loans, according to sister magazine Reuters IFR.

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