Eamon
Clayton, Dubilier & Rice LLC agreed to acquire a 42.5 percent stake in Univar NV in a transaction that values the distributor of commodity and specialty chemicals at about $4.2 billion. CVC Capital Partners Ltd. plans to hold onto a 42.5 percent stake in the business. Univar’s management and other existing investors will own the remaining interest.
Great Atlantic & Pacific Tea Co. might sell its Food Emporium stores, the Wall Street Journal said. Great Atlantic & Pacific, which operates the A&P supermarket chain, is considering the move to boost liquidity, according to people familiar with the matter. A couple of PE shops identified as potential buyers are Angelo Gordon & Co. and Sterling Investment Partners.
(Reuters) – Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) is expected to fetch about $1.5 billion for the two defense services units it put on the auction block in June, people familiar with the matter said on Wednesday. The largest U.S. defense contractor could sell its Enterprise Integration Group (EIG) unit for about […]
(Reuters) -A consortium led by a Malaysia-based private equity firm has joined a slate of bidders including French retailer Casino (CASP.PA: Quote, Profile, Research, Stock Buzz) and Britain’s Tesco (TSCO.L: Quote, Profile, Research, Stock Buzz), in bidding for some of Carrefour’s (CARR.PA: Quote, Profile, Research, Stock Buzz) Southeast Asian assets, sources said. Malaysia’s Navis Capital […]
VeriFone Systems Inc. acquired WAY Systems Inc., a Boston, Mass.-based developer of point-of-sale solutions and gateway services for mobile merchants. The deal was valued at $9 million, including a potential payout of $3 million if certain performance targets are met. WAY Systems was founded in 2002. It received $50 million in equity investments from Austin Ventures and Bessemer Venture Partners as well as debt financing from Lighthouse Capital Partners.
McCarthy Capital Corp. led a growth equity investment in Advantor Systems LLC, which is an Orlando, Fla.-based designer and integrator of physical security systems. Terms were not disclosed. McCarthy Capital of Omaha, Neb., is a private equity firm that exclusively invests in middle market companies with operating profits of $3 million and $25 million. The shop’s typical investments range from $10 million to $30 million.
(Reuters) – Private equity firm Vision Capital has rehired Matt Shafer from Citigroup (C.N), two people familiar with the matter said, less than three months after Citi poached him to bolster its team advising buyout firms. Citi suffered a series of senior defections from its European investment banking business earlier this year, including several departures […]
Rifle, Colo.-based AmerAlia Inc. acquired the shares it did not already own in Natural Soda Holdings Inc. AmerAlia exchanged 286.1 million company shares for the remaining 82 percent stake in the producer of baking soda. The seller was Sentient Group, a private equity investor as well as AmerAlia's largest shareholder.
Platinum Equity and The Gores Group acquired Alliance Entertainment from Source Interlink Cos. Financial terms were not disclosed. Alliance Entertainment is a wholesale distributor of CD, DVD and videogame titles. It has a distribution center in Shepherdsville, Ky. The transaction was completed through Project Panther Holding Corp., a joint venture between Platinum Equity and Gores Group.
(Reuters) – Privately held alternative asset manager GSC Group Inc, a former unit of Travelers Group Inc, filed for bankruptcy in a Manhattan court and said it plans to sell all its assets. The company was founded in 1994 by Alfred Eckert as a subsidiary of Travelers to invest in private equity transactions but became […]