Olympus Partners has agreed to sell Tank Holdings Corp. to Leonard Green & Partners. The deal is expected to be completed in third quarter. Financial terms weren’t announced. Tank makes and designs proprietary rotationally-molded polyethylene and steel containers. Gary Matt, Richard Siegel, Hank Johnson and Nick Parks of Barclays advised Tank and Olympus. PRESS RELEASE […]
Now, instead of shying away from the IPO market and blaming Facebook, one surely hot-stock is choosing New York for its listing.
Talbots Inc. said private equity firm Sycamore Partners extended the date of the commencement of its offer to buy the women’s apparel retailer by two days. Sycamore will now begin its offer for all outstanding Talbots’ shares on June 15, the retailer said in a statement. (Reuters) – Talbots Inc said private equity firm Sycamore […]
New York City-based Wharton Equity Partners has purchased an interest in four central Florida rental communities totaling 900 units for $50.0 million, the firm announced Wednesday. The deal was completed through a partnership led by certain real estate funds affiliated with Och-Ziff Capital Management Group, the firm said in a written release. PRESS RELEASE […]
Italian tire maker Pirelli said on Wednesday it had bought 100 percent of Swedish trre distributor Dackia Holding AB from private equity fund Procuritas Capital Investors and other investors for about 70 million euros ($87.20 million). (Reuters) – Italian tyre maker Pirelli said on Wednesday it had bought 100 percent of Swedish tyre distributor Dackia […]
Information services company IHS Inc. agreed to buy GlobalSpec Inc., a search engine of engineering and industrial products, for $135 million from Warburg Pincus, Reuters reported Tuesday. (Reuters) – Information services company IHS Inc agreed to buy GlobalSpec Inc, a search engine of engineering and industrial products, for $135 million from Warburg Pincus LLC. […]
The Benelli Presse Group is to list on alternative trading platform NPEX, the Netherlands-based alternative trading facility. The business is aiming to raise 15 million euros ($18.8 million) from private and institutional investors across Europe to finance its expansion plans. Benelli Presse Group is a holding group of companies manufacturing industrial presses. The company is […]
Alphatec Holdings, the parent company of the medical device company Alphatec Spine, has entered into a new, three-year revolving line of credit with MidCap Financial, replacing its former credit facility. Alphatec Holdings is based in Carlsbad, Calif. PRESS RELEASE: Alphatec Holdings, Inc. ATEC +1.86% , the parent company of Alphatec Spine, Inc., a medical device […]
Smart Sand, a Fairless Hills, Pa.-based company that provides sand for fracking operations, announced today that former Minnesota Governor Tim Pawlenty has joined its board. Smart Sand is backed by the private equity firm Clearlake Capital Group. PRESS RELEASE: Smart Sand, Inc., a provider of high-quality proppant to the oil and gas industry, today announced that […]
LLR Partners, a middle-market private equity firm in Philadelphia, today announced it has invested in Message Systems, a 15-year-old, Columbia, Md.- based company that makes email software for marketers and big brands. The transaction returns some money to NewSpring Capital, which invested $6 million in Message Systems in 2010, though neither the amount that LLR […]