Thomas H. Lee Partners has struck a deal to buy control of Party City in a deal that values North America’s largest retailer of party goods at $2.69 billion, the private equity firm said on Tuesday. The retailer’s current private equity owners — Advent International Corp., Berkshire Partners and Weston Presidio — as well as […]
John B. Richards has been named CEO of Envision EMI, the educational programs provider. Most recently, he served as CEO of Gift Corp. He replaces Will Lynn, partner & EVP of Gryphon Investors, who remains as Envision EMI’s president. Lynn had been serving as interim CEO. PRESS RELEASE: Richards Brings More than 30 Years of […]
Bregal Sagemount, the private equity firm founded by Goldman Sachs veteran Gene Yoon, is launching with $500 million in committed capital to concentrate on growth plays in the tech, media & information and businesses services spaces, among others. Bregal Investments formed the fund with $500 million and the fund, along with its parent entity, can […]
Family-history research website Ancestry.com Inc. is thinking of putting itself up on the block and is working with Frank Quattrone’s Qatalyst Partners to find buyers, Reuters wrote, citing a Bloomberg report. The Provo, Utah-based company which operates a website that allows people to trace their family roots by scouring online records, will probably attract interest […]
The Chicago-based law firm Winston & Strawn has hired Bradley Mandel, a private investment fund formation attorney. Mandel joins the firm from law firm Proskauer Rose, where he was an associate for the last three-and-a-half years. PRESS RELEASE: Winston & Strawn LLP announced today that experienced private investment fund formation attorney, Bradley S. Mandel, has […]
Eagle Four Partners and Pacific Hospitality Group of Irvine, Calif., announced this week that the purchase of International Bay Clubs, the parent company of the Balboa Bay Club & Resort and the Newport Beach Country Club, is complete. Terms of the sale are not being disclosed. PRESS RELEASE: Eagle Four Partners and Pacific Hospitality Group, […]
Nipro Diagnostics, a Fort Lauderdale, Fla.-based maker of blood glucose monitoring products, has named Dean Sorrentino CFO. Most recently, Sorrentino was VP Corporate Controller at CompuPay, a private equity-backed provider of payroll and benefit solutions. PRESS RELEASE: Nipro Diagnostics, Inc., a leading manufacturer and marketer of blood glucose monitoring products and supplies for diabetes management, […]
Green Courte Partners, a Chicago-based private equity firm, has acquired Plantation Landings, a 4-star manufactured housing community in Haines City, Florida. The age-restricted, 394-site community is fully leased and located directly south of Royal Palm Village. Green Courte’s second fund, Green Courte Real Estate Partners II, LLC, acquired Royal Palm Village as a part of […]
Publicly traded designer and wholesaler The Jones Group on Monday announced it will take control of the Brian Atwood brand, bringing the designer’s existing and future collections, including his shoe collections, under it own umbrella for an undisclosed sum. Under the deal, Brian Atwood will own the intellectual property rights and existing licenses. Jones will […]
As presidential candidates argue about the role of private equity on the economy, Moody’s Investors Service Inc. has this to contribute: LBOs don’t make credit defaults worse, as sister publication Buyouts reported. Perhaps most relevant, the share of defaulting companies that go straight to liquidation is half the rate for sponsor-backed companies, at 9%, compared […]