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Ridgemont Equity Partners signed an agreement for a majority investment in Unite Private Networks , which provides high-bandwidth, fiber-based communications networks in 12 states. Financial terms were not disclosed. Ridgemont Equity is a Charlotte, N.C.-based middle market buyout and growth equity firm that was formed in August. PRESS RELEASE Ridgemont Equity Partners, a middle market […]
(Reuters) – Kohlberg Kravis Roberts'(KKR.N: Quote, Profile, Research) India unit said on Tuesday that Heramb Hajarnavis would join the private equity firm as director from Goldman Sachs. Hajarnavis will be based in Mumbai. (Reporting by Sumeet Chatterjee)
(Reuters) – Private equity firm Candover Investments said it will wind itself up, sealing the fate of one of the buyout industry’s highest-profile victims of the credit crunch. Candover’s move to sell its portfolio of companies, which includes oil-field services firm Expro, and return cash to shareholders and investors follows a failed attempt to sell […]
A Kelso & Co. affiliate agreed to acquire Logan’s Roadhouse Inc. from Bruckmann Rosser Sherrill & Co. Inc., Black Canyon Capital, Canyon Capital Advisors LLC and members of Logan’s management. Financial terms were not disclosed. Logan’s Roadhouse is a Lexington, Ky.-based restaurant chain with locations in 23 states.
KeyBanc Capital Markets Inc. named Brad T. Swanson as managing director in its consumer and retail group. KeyCorp’s investment banking arm also hired Scott Green as an associate. Both will be based in Atlanta. Swanson will lead investment banking efforts in the restaurants and food service/distribution space. Swanson previously worked at RBC Capital Markets.
(Reuters) – Phoenix Technologies Ltd (PTEC.O: Quote, Profile, Research, Stock Buzz), which makes software that loads a computer’s operating system, said it received a higher bid of $150 million in cash, topping an earlier buyout offer by a private equity firm. The proposal, received Wednesday, follows an offer by Los Angeles, California-based private equity firm […]
AECOM Technology Corp. completed its acquisition of McNeil Technologies Inc., a Springfield, Va.-based government national security and intelligence services firm, from Veritas Capital and certain management shareholders. McNeil Technologies shareholders received $355 million. AECOM expects the deal will be neutral to earnings per share, but will add to cash earnings per share in fiscal 2011.
Brookfield Asset Management Inc. named Chris Harris client relations manager for the private funds group. He will assume responsibility for Toronto, Ontario-based company’s relationships with investors in the western U.S. Harris will be based in San Francisco. He previously served as director of Macquarie Capital’s private placement team.
Everstone Capital Management may raise up to $350 million, Bloomberg said on Monday. The fund will make investments in warehouses in India. The shop was co-founded by Atul Kapur and Sameer Sain, who both previously worked for Goldman Sachs.
New Mountain Capital LLC bought Mallinckrodt Baker Inc. from Covidien for about $280 million through an affiliate. Raj Gupta will serve as chairman of Mallinckrodt Baker, a New Jersey-based chemicals maker and marketer that generated sales of $414 million for fiscal 2009. Gupta, a senior advisor at New Mountain, was chairman and CEO of Rohm and Haas.