In connection with a previously announced agreement to acquire P.F. Chang’s China Bistro, New York-based private equity firm Centerbridge Partners, in concert with P.F. Chang, announced today that Wok Acquisition Corp. has extended the expiration of its tender offer to acquire all of the outstanding shares of P.F. Chang’s common stock for $51.50 net per […]
Listed Agilent Technologies Inc. has completed its acquisition of cancer diagnostics company Dako, buying the company from Sweden-based private equity shop EQT for $2.2 billion. The deal was first announced in mid-May. PRESS RELEASE Agilent Technologies Inc. (NYSE:A) today announced that its acquisition of cancer diagnostics company Dako has been completed. Agilent, which paid $2.2 […]
Blackstone Group is set to announce the sale of its debt-laden German plastic films group Kloeckner Pentaplast to hedge fund SVP and junior lenders, three people familiar with the matter said, Reuters wrote Thursday. These people on Thursday said that senior lenders would get back 840 million euros of loans at face value, but that […]
Specialty chemicals maker Cabot Corp. said it will buy Norit NV, an activated carbon company, for $1.1 billion to strengthen its portfolio, Reuters reported Thursday. Cabot will buy Norit from affiliates of British private equity firm Doughty Hanson & Co. and Euroland Investments BV. (Reuters) – Specialty chemicals maker Cabot Corp said it will buy […]
Burroughs Payment Systems, which is backed by Marlin Equity Partners, has acquired TRM Copy Centers. The deal includes Solvport, a statement says. Skyview Capital is the seller. Financial terms weren’t announced. TRM operates more than 14,000 copy centers throughout the U.S. PRESS RELEASE Skyview Capital, LLC, a privately held investment firm headquartered in Beverly Hills, CA, […]
ACON Investments and MidOcean Partners have merged portfolio companies, Fairway Outdoor Advertising and Olympus Media. Financial terms were not announced. The combined company, Fairway Media Group, of Greenville, S.C., has more than 21,300 bulletin and poster displays in 17 states across the Southeast and Midwest. PRESS RELEASE ACON Investments and MidOcean Partners announced today that […]
The sale of Deutsche Bank funds business is off after Guggenheim Partners walks away from buying RREEF.
Alterra Capital Holdings, which is backed by Stone Point Capital, has formed another sidecar. New Point V, which also has funding from Stone Point, has raised about $210 million to invest in the property catastrophe collateralized reinsurance marketplace. Stone Point is the manager of Trident Funds. PRESS RELEASE Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; […]
Jamie Dimon's testimony in Congress is over and private equity wasn't dragged into the discussions. But wait, there's still Volcker.
PE-backed LANDesk Software, a maker of systems lifecycle management, endpoint security and IT service management software, has acquired Wavelink, a provider of mobility management technology. Financial terms of the deal were not disclosed. LANDesk Software is a portfolio company of Thoma Bravo. PRESS RELEASE LANDesk Software, a global leader in systems lifecycle management, endpoint security […]