Private equity firm BC Partners has attracted first-round offers for SGB Starkstrom, a manufacturer of power transformers, two sources close to the matter told Reuters. BC Partners, which has mandated Goldman Sachs to organize the sale, hopes fetch up to 1 billion euros ($1.24 billion), the sources said on Thursday, adding that more bids could […]
Not too long after news emerges the PE firms that backed Formula One were racing to the exits pre-IPO, the offering is pulled, like others have been lately.
Azini Capital, the UK-based private equity firm, will back OneSpin Solutions, the Germany-based commercial EDA company, with new funding. Azini acquired OneSpin in January 2011. Based in Munich, OneSpin was established in 2005 by private equity firm Apax Partners and Infineon AG. Specifics of the follow-up funding, revealed May 31, were not specified. PRESS RELEASE: […]
Closing it out this week, we've got the FEM metric, markets' ugly May and the end of Chinatown buses
Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco, has reached an agreement with Dallas National Insurance Holdings to acquire Dallas National Insurance Company, a Texas-based property and casualty insurer, founded in 2005. Terms of the deal were not disclosed. PRESS RELEASE: Southport Lane, a New York-based private equity firm, through […]
Plastipak Holdings Inc., the packaging and recycling solutions provider, has sold a significant equity investment to GS Capital Partners. Goldman Sachs advised GS Capital Partners on the deal. Specifics were not publicized. PRESS RELEASE: Goldman Sachs Capital Partners To Invest in Plastipak Transaction to Drive Additional Growth at Leading Manufacturer of Plastic Packaging PLYMOUTH, Mich., […]
Clayton, Dubilier & Rice, the New York-based private equity firm, will acquire Roofing Supply Group from The Sterling Group. Specifics were not publicized. Financing for the group was provided by Deutsche Bank Securities Inc., Goldman Sachs Bank USA, Credit Suisse, UBS Investment Bank and Citigroup. PRESS RELEASE: NEW YORK – May 31, 2012 – Clayton, […]
Progressive Solutions, the Canadian enterprise management software company, is being acquired by Marlin Equity Partners. The company will be integrated into Solarsoft, an existing Marlin portfolio company. Specifics on the transaction were not publicized. PRESS RELEASE: Marlin Equity Partners has acquired Progressive Solutions, a Richmond, Canada-based provider of enterprise management software for producers, manufacturers and […]
Consumer-focused PE shops may find themselves eager to make bids on a top fashion brand as Nike looks to go core.
A group of investors and bankers has made a buyout approach to Egypt’s biggest investment bank, EFG Hermes. Egyptian share prices have tumbled since the uprising that ousted President Hosni Mubarak last year, and many investors have been looking to snap up assets seen as undervalued. EFG’s shares have more than halved in that time. […]