Private equity firm Oaktree Capital Management LP terminated talks over a standstill pact with toymaker Jakks Pacific Inc. after failing to agree on terms, Reuters reported Monday. Oaktree wrote to the Jakks Pacific’s board on Friday saying it would be willing to restart discussions if the terms are acceptable, Jakks Pacific said in a filing […]
Dallas-based private equity firm glendonTodd Capital has acquired Texas-based Aztec Systems, a provider of enterprise managed services and technology. Terms of the deal were not disclosed. PRESS RELEASE glendonTodd Capital LLC (“glendonTodd”), a Dallas-based private equity firm, announced today that it has acquired Aztec Systems, Inc., a leading provider of enterprise technology solutions to […]
New York-based Centerbridge Partners has recapitalized Wastequip LLC, a manufacturer of waste and recycling equipment, and now owns a majority of the company. Wastequip said in a release Monday that it had eliminated over $550 million of debt and obtained a new $40 million revolving credit facility. PRESS RELEASE Wastequip, LLC (“Wastequip” or the “Company”) […]
Incline Equity Partners has backed Hartland, WI-based Dorner, a designer, manufacturer and supplier of unit handling conveyor systems and components parts. Incline Equity Partners makes private equity investments of between $10 million and $25 million across a variety of industry sectors including specialized light manufacturing, value-added distribution, and business and industrial services. PRESS RELEASE Incline […]
British buyout group Melrose is in talks to buy Germany’s utility meter maker Elster Group SE for $2.3 billion, writes Reuters. Melrose could offer $20.50 per Elster’s American Depository Share, a 25 percent premium to the German company’s closing price on Friday, writes Reuters. Reuters – British buyout group Melrose Plc is in talks to […]
Jeff Moy has left Rockefeller Financial after less than a year, several sources told sister Web site peHUB. It’s unclear why Moy exited Rockefeller. He joined the wealth manager, which is a limited partner of many private equity funds, in August 2011. He was head of private equity and oversaw Rockefeller Financial’s buyout and VC […]
Here's the top M&A and private-equity backed deals this week.
Transocean, owner of the world’s largest offshore drilling fleet, has put its Middle East rig assets up for sale, in a deal likely to raise $1 billion for the Switzerland-based company, Reuters reported Thursday. U.S. private equity firms Lime Rock Partners and Castle Harlan are the main bidders, one of the sources. (Reuters) – Transocean […]
Hedge fund SVP and junior lenders are gearing up to take over debt-laden German plastic films firm Kloeckner Pentaplast from Blackstone after Jefferies committed 650 million euros ($819 million) debt to back the buyout, banking sources said on Friday. Junior lenders set out their intentions to take over Kloeckner at a lender meeting on May […]
Sovereign wealth fund Kuwait Investment Authority, money manager BlackRock Inc., and twenty other cornerstone investors will buy around 62% of Malaysian firm IHH Healthcare‘s up-to-$2 billion IPO, the biggest takeup by such investors of any recent major offering in the region. The cornerstone investors will buy 1.39 billion of the 2.23 billion shares on offer, […]