Well, if there's anyone that could successfully extract value from used-up old handset makers, it would be private equity...
Smokey Bones, an Orlando, Florida-based restaurant chain that has been owned since 2008 by Sun Capital Partners, has named Christopher Artinian as its new president and CEO. Artinian was formerly president and CEO of Morton’s Restaurant Group. Smokey Bones operates 66 locations in 17 states and employs nearly 2,300 people. PRESS RELEASE: Smokey Bones Bar & […]
Cambridge, Mass-based Merrimack Pharmaceuticals has elected to its board John Mendelsohn, M.D., the past president of the University of Texas MD Anderson Cancer Center. Merrimack is dedicated to the discovery and development of novel medicines to treat cancer. PRESS RELEASE: Merrimack Pharmaceuticals, Inc. MACK -3.80% today announced the election of John Mendelsohn, M.D., past president […]
LLR Partners is expected to come to market with its fourth fund this year.
peHUB's guest columnist looks into investment opportunities in the financial services sector.
Barilla, the world’s biggest pasta maker, said on Tuesday it was looking to sell its only remaining German business, bakery chain Lieken AG, as the company increases its focus on pasta and higher-margin food products. The Italian food group bought Duesseldorf-based Lieken in 2002 as part of its acquisition of another bakery chain, Kamps, which […]
Walgreen Co. said it would buy a 45% stake in KKR & Co.-backed Alliance Boots for $6.7 billion in a cash and stock deal that would bring together the two largest pharmacy chains in the United States and Europe, Reuters reported. Walgreen, which has the option to buy the rest of Alliance Boots in the […]
Google has acquired more than 50 patents from Magnolia Broadband Inc., a company developing technology to increase capacity and coverage in the mobile space. Terms were not released. Magnolia Broadband is based in Warren, New Jersey. According to the company, the portfolio of patents that Google acquired cover “methods for increasing spectrum utilization…expanding coverage, improving […]
KKR said Monday that it has agreed to buy Prisma Capital Partners. Financial terms weren’t announced. Prisma, a fund-of-hedge-funds manager, had $7.8 bilion in AUM. AEGON, as part of the deal, will sell its minority stake but remain a signficant investor in Prisma’s funds. Goldman Sachs provided financial advice to Prisma/AEGON PRESS RELEASE KKR & […]
Ray Arthur, CFO of the Pep Boys, has resigned. Arthur will continue in his duties until June 29, the company said. The Pep Boys has hired Russell Reynolds to conduct a national search for his replacement. Earlier this year, the Gores Group called off a $791 million buy of the company. PRESS RELEASE The Pep […]