Benihana agrees to go private in a deal valued at $296 million. Angelo, Gordon is the buyer.
Vista Equity Partners has acquired Silverchair Learning Systems, a provider of online learning and communication solutions to the senior care industry. Middle-market investment bank Harris Williams & Co. acted as the exclusive advisor to Silverchair Learning. Terms were not released. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the […]
Private equity firm TPG Capital, seeking to invest in distressed Japanese assets, agreed to jointly buy bankrupt apartment developer Joint Corp. with property consultancy Savills. The value of the investment was not disclosed in the statement by Joint, which is still under a court-led rehabilitation process. Joint filed for bankruptcy protection in 2009 with 147.6 […]
Private equity group Bridgepoint has hired Morgan Stanley to sell Aenova, hoping to get more than 400 million euros ($510 million) for the German vitamins and generic prescription drugs maker, Reuters reported Monday. Aenova is set to join a growing list of medium-sized German businesses going up for sale as private equity groups trawl their […]
Accor is to sell its troubled US budget hotel business for $1.9 billion to private equity group Blackstone, writes Reuters. The sale includes Accor’s Motel 6 and Studio 6 chains and comprises 1,102 hotels in Canada and the US. Reuters – Accor is to sell its troubled U.S. budget hotel business for $1.9 billion to […]
Intelsat Global Holdings, an operator of satellite services, has filed to raise up to $1.75 billion in an initial public offering, writes Reuters. Intelsat, which transmitted television images of Neil Armstrong’s landing on the moon, was bought by Serafina Acquisition in 2008. Serafina is backed by private equity firm Silver Lake among other funds. Reuters […]
Blackstone, BC Partners and PAI are into the second round of Permira's auction of Europe's biggest frozen food company, but Bain and Clayton Dubilier & Rice did not make the cut, Reuters reports.
Avail-TVN has received $100 million in financing from investors including The Carlyle Group. Carlyle, which will be Avail-TVN’s largest investor, is putting in $50 million equity, a source says. Silicon Valley Bank, RBS Citizens and Bank of America, which are providing debt financing, are responsible for the other $50 million, the person says. Avail-TVN provides […]
BV Investment Partners said Monday that it has invested in Health Information Designs. Financial terms weren’t announced. Auburn, Ala.-basd Health Information provides healthcare-related information technology and data analytics services. Founders Investment Banking provided financial advice to HID. PRESS RELEASE BV Investment Partners (“BV”), a leading middle-market private equity firm focused on the information, business services […]
I teach entrepreneurship for ~50 student teams a year from engineering schools at Stanford, Berkeley, and Columbia. For the National Science Foundation Innovation Corps this year I’ll also teach ~150 teams led by professors who want to commercialize their inventions. Our extended teaching team includes venture capitalists with decades of experience. The irony is that […]