Vance Street Capital, the Los Angeles-based LBO shop, completed its exit of Klune Industries, a manufacturer of aerostructures, to NYSE-listed Precision Castparts Corp. The exit, coming off an acquisition the PE firm made in 2010, is the first from its current fund. Specifics on the deal were not publicized. PRESS RELEASE: LOS ANGELES – Aug. […]
Reuters sources say there are a slew of financial sponsors lining up for a play on Deltek.
Silicon Valley Bank and Capital One Bank led a $49 million senior secured credit facility for Quorum Business Solutions, a provider of software solutions and services to oil and gas and renewable energy and natural resource firms. Quorum is backed by the Carlyle Group and Riverstone Holdings. PRESS RELEASE: Silicon Valley Bank and Capital One […]
Kevin Landry’s retirement from TA Associates, the Boston-based firm he helped build for 45 years, has been in the works for about 10 years, Buyouts reported yesterday, citing an interview with Managing Director Brian Conway. The Boston Globe reported on Landry’s retirement in a lengthy Aug. 5 profile. Landry is 68 and has been […]
The deadline for an auction to sell German cable operator Primacom has been extended by about two months, Reuters reported Monday. The move is a sign that potential bidders are struggling to put together indicative offers as the euro zone crisis roils global markets. Deutsche Telekom, Pepcom, Unitymedia KabelBW, part of Liberty Global, and two […]
The top 5 dividends so far this year from PE-backed companies include Attachmate, HCA and Clear Channel.
Axa Private Equity is to buy a majority stake in German clothing exporter Schustermann & Borenstein from its family owners, Reuters reported Monday. The family owners will keep a stake in the company, which according to sources close to the transaction is being valued at around 300 million euros ($370 million), as Reuters reported last […]
Avago Technologies Ltd. is close to buying Schneider Electric SA‘s U.S.-based sensors subsidiary, according to three people familiar with the matter, a deal that could fetch around $1 billion for the French conglomerate, Reuters reported Monday. Avago, a chip maker that began as Hewlett-Packard Co’s components division in the 1960s, is in exclusive talks to […]
Private equity firm Carlyle Group LP has emerged as the frontrunner to buy DuPont’s car paint business after rival bidder Apollo Global Management LLC declined to increase its offer, according to three people familiar with the matter. Carlyle made the highest bid for the DuPont unit, the people said. The sale may fetch more than […]
Which PE shop is most revved up about DuPont's car paints unit? Carlyle, who, according to Reuters sources, beat out a slew of sponsors to seal the deal.