Frazier Healthcare has completed its acquisition of the U.S. commercial pharmaceutical packaging operations of Catalent Pharma Solutions Inc., the firm announced. Terms were not released. The business will be operated as Packaging Coordinators. PRESS RELEASE Frazier Healthcare and Catalent Pharma Solutions, Inc., today announced they have closed the purchase and sale of Catalent’s U.S. […]
Embattled U.S. truck and engine maker Navistar International Corp. adopted a shareholder rights plan to “deter coercive takeover tactics” in the face of pressure from two activist investors, Reuters reported Wednesday. The company, which early this month surprised Wall Street with a quarterly loss that sent shares down as much as 28 percent, made the […]
Huron Capital Partners has recapitalized Bloomer Plastics Inc., a Wisconsin-based manufacturer of cast extruded plastic films used in high-performance industrial, medical, and consumer markets. The company becomes the 8th platform in Huron’s Fund III, the firm said. Terms were not released. PRESS RELEASE Huron is pleased to announce its latest platform investment, Bloomer Plastics, […]
Burger King will become a public company again on Wednesday, less than two years after going private in a $3.26 billion sale to 3G Capital Management LLC, a Brazilian investment fund, Reuters wrote. Shares in the world’s second-biggest hamburger chain will trade on the New York Stock Exchange under the ticker “BKW” after closing of […]
India’s Welspun Energy is in talks with renewable energy funds to sell a small stake in the company and raise $150 million to $200 million for investments in wind energy farms, the Economic Times reported on Wednesday, citing sources. The deal could lead to one of the founders reducing stake by up to 15 percent […]
Natural gas-focused Venoco Inc. said Chief Executive Timothy Marquez has received a “highly confident” letter regarding a portion of the financing necessary to take the company private, Reuters wrote Wednesday. Venoco in January agreed to be acquired by Marquez for $12.50 per share. (Reuters) – Natural gas-focused Venoco Inc said Chief Executive Timothy Marquez has […]
Quest Software agreed to stick with a deal to sell itself to Insight Venture Partners, after the private investment firm and new partner Vector Capital raised their bid to $2.17 billion, above a competing offer made last week, Reuters reported Tuesday. The Insight-Vector cash offer of $25.75 a share tops a $25.50 bid made by […]
Private equity groups Blackstone and BC Partners have teamed up to bid for Europe’s largest frozen foods maker Iglo Group, which seller Permira hopes will fetch some 2.8 billion euros ($3.55 billion), a person familiar with the situation said, according to a Reuters report Wednesday. (Reuters) – Private equity groups Blackstone and BC Partners […]
U.S. private equity firm Sun Capital Partners has appointed Morgan Stanley to sell DBApparel, the maker of Wonderbra, Dim and Playtex lingerie, in a deal that could fetch more than 600 million euros ($761 million), French daily newspaper Les Echos said on Wednesday, citing unidentified sources. The business, which Sun Capital bought from Sara Lee […]
Today's First Read comes with a dose of bad news for US VCs, the problem with Oracle and keeping it clean in a dirty business.