Centerbridge Partners has closed its buy of Cardinal Logistics Management. Financial terms weren’t announced. Concord, N.C.-based Cardinal provides dedicated transportation services, including specialized equipment and handling, and integrated technology. PRESS RELEASE Cardinal Logistics Management Inc. (“Cardinal” or the “Company”), a national provider of Dedicated and Delivery domestic transportation services, today announced the acquisition of Cardinal […]
Soft Surroundings has sold a majority stake to Brentwood Associates. Financial terms weren’t announced. The company will continue to be managed by CEO Tom Wilcher and President Robin Sheldon. St. Louis-based Sof Surroundings is a direct marketer and specialty retailer of apparel, accessories, beauty products and home furnishings. PRESS RELEASE Soft Surroundings, a leading direct […]
Campbell Soup Co. has completed its buy of Bolthouse Farms in a deal valued at $1.55 billion cash. The seller was Madison Dearborn Partners. Bakersfield, Calif.-based Bolthouse is a food and beverage company/ PRESS RELEASE Campbell Soup Company (NYSE:CPB) today announced it has completed the acquisition of Bolthouse Farms from a fund managed by Madison […]
A-Gas International, which is backed by LDC, has acquired Reclamation Technologies. Financial terms weren’t announced. Reclamation Technologies provides products and services involving Ozone Depleting Substances (ODS) and substances high in Global Warming Potential. Brown Gibbons Lang & Company announced the sale. PRESS RELEASE Brown Gibbons Lang & Company today announced the sale of Reclamation Technologies, […]
Best Buy's boss is back--and he's got big bucks for an LBO. So, who are his partners on the bid?
Norwest Equity Partners has made a “significant majority investment” in Stanton Carpet Corp., the firm announced Monday. Terms were not released. Stanton Carpet was formed in 1980. Norwest Mezzanine Partners provided the mezzanine financing for the deal. Additional financing was provided by GE Antares Capital, PNC Capital Markets, and NXT Capital. Prior to Norwest’s purchase […]
Sun Capital Partners expects to start raising its sixth fund in September and hopes to wrap most of the effort sometime in December, Buyouts reports, citing two sources. The firm is seeking to raise $3 billion but will raise as much as $3.5 billion if there’s enough demand. In earlier funds, the Boca Raton, […]
Richard Schulze, the founder and former chairman of Best Buy Co., has offered to buy the shares he does not already own in the electronics retailer for a price of $24 to $26 each. Schulze currently owns a 20.1% stake in Best Buy. His cash offer would value the firm at between $8.16 billion and […]
Listed Massachusetts-based clothing retailer The Talbots has completed its deal with Sycamore Partners, the New York private equity firm, in which the company will be taken private. The deal was completed at $2.75 per share. PRESS RELEASE: NEW YORK, Aug. 3, 2012 — Sycamore Partners today announced that TLB Merger Sub Inc., an entity affiliated […]
Tenex Capital Management has completed its acquisition of NAP GLADU, a maker of cutting tools and services for the wood, metal and advanced materials industries. Terms of the deal were not released. Tenex Capital is a New York-based private equity firm. PRESS RELEASE Tenex Capital Management (“Tenex”), the New York based private equity firm focused […]