Publicly traded Verisk Analytics Inc. will acquire Argus Information & Advisory Services, a provider of benchmarking, scoring solutions, analytics, and customized services to financial institutions. The purchase price is $425 million, and provides an exit for investor Oak Investment Partners. PRESS RELEASE Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, announced today […]
The Thursday First Read has what REALLY makes Usain Bolt run, HP's deal decisions and Morgan Stanley's rough seas.
Private equity firms GTCR Golder Rauner and Platform Partners are seeking a buyer for Landmark Aviation, an aircraft maintenance services company that could be worth as much as $700 million, Reuters reported Wednesday. The buyout firms, which bought Landmark in 2007 from state-run Dubai Aerospace Enterprise for an undisclosed sum, have hired Morgan Stanley to […]
Insight Equity Holdings, a private equity firm based in Southlake, Texas, has acquired New Star Metals Inc. and its Premier Resource Group and Electric Coating Technologies subsidiaries from an affiliate of Aurora Capital Group. Terms of the deal were not released. PRESS RELEASE An affiliate of Insight Equity Holdings LLC (“Insight Equity”), the Southlake, […]
PNC said Tuesday it provided a $70 million loan to Berry Nurseries, which is backed by Insight Equity. The $70 million loan is part of $135 million in financing provided to Berry. The facility will be used to refinance Berry’s existing debt, partially fund capital expenditures and to provide for ongoing working capital needs. Dallas-based Berry […]
The New York Times confirms its in talks to sell About.com after nearly seven years.
Ramsey Frank left JLL Partners several months ago and is reportedly starting his own healthcare-focused buyout shop.
Apparently, it pays to offer a discount: Bain Capital is among the Bloomin' Brands shareholders getting a little boost out of the restaurant group's cheaper-than-expected IPO offering.
Publicly traded United Technologies Corp. announced Tuesday that it has completed the divestiture of its Clipper Windpower unit to Platinum Equity. UTC announced in March that it was moving Clipper into discontinued operations in anticipation of a transaction. Terms of the agreement were not disclosed. PRESS RELEASE United Technologies Corp. (NYSE:UTX) announced Tuesday that it […]
Even though Clipper Windpower had its wings clipped by its strategic backer, Platinum Equity found an investment opportunity. The Connecticut-based strategic United Technologies Corp. announced that the company’s operations had been discontinued in anticipation of a transaction. Now, it has been revealed, Platinum Equity, the California-based private equity firm, will acquire the company for terms […]