Pinterest just took on a big Asian investor, and Facebook hasn't picked up the market penetration there it might have hoped to receive. Now, it has to gain a full head of steam.
The family owners of Schustermann & Borenstein have mandated Goldman Sachs to sell the German clothing exporter, Reuters reported Friday, a move analysts expect to attract strong interest. Schustermann & Borenstein specialises in exporting clothing to eastern Europe and other non-EU countries. The company could attract private equity buyers, which may use it as an […]
GlendonTodd Capital and Performa Partners have acquired Toutatis Inc., a Sao Paulo, Brazil-based provider of business process outsourcing services. Terms were not released. GlendonTodd Capital is a Dallas-based private equity firm. PRESS RELEASE glendonTodd Capital LLC, a private equity firm that focuses on investments in business services companies and investments in real estate announces the […]
Trinity Hunt Partners, a Dallas-based private equity firm, has invested an undisclosed amount in Houston-based Equivalent DATA Inc. Terms of the deal were not released. Equivalent DATA provides large-scale electronic discovery services to law firms and corporate clients. PRESS RELEASE Trinity Hunt Partners, a Dallas-based private equity firm with an extensive track record of partnering […]
Online jewelry retailer BIDZ.com Inc. said it will be taken private by Glendon Group Inc., in a deal valuing the company at about $14.3 million. Glendon will pay 78 cents per share, which represents a premium of about 60% to BIDZ’s Wednesday closing price. (Reuters) – Online jewelry retailer BIDZ.com Inc said it will be […]
Global insurers Manulife Financial Corp., Metlife and Prudential Financial Corp. are among suitors expected to place first-round bids on Friday to buy ING Groep’s Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, Reuters reported. (Reuters) – Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N) […]
Private equity firm Carlyle Group is in talks to sell its stake in Taiwan’s Ta Chong Bank to Yuanta Financial in a deal worth up to T$37 billion ($1.25 billion), Reuters wrote Friday. Carlyle is exiting its five-year investment in the small and slow-growing Taiwanese bank in a share swap deal that will also give […]
Publicly traded financial lender CIT Group is providing a senior secured asset-based credit facility to retailer John Varvatos Enterprises in conjunction with the company’s acquisition by private equity firm Lion Capital. PRESS RELEASE: CIT Group Inc. (NYSE: CIT – News) cit.com, a leading provider of financing to small businesses and middle market companies, today announced […]
Century-old specialty paper maker Appleton Papers, based in Appleton, Wisconsin, will combine with Hicks Acquisition Company of Dallas, a special purpose acquisition company founded and headed by Thomas Hicks, to create a combined company on the Nasdaq. The companies are not disclosing how much of a stake in Appleton Hicks is getting for its investment […]
Affiliates of the private equity firm H.I.G. Capital have acquired Comverge, an energy management company, for $1.75 per share in cash in a roughly $49 million buyout. Comverge is based in Norcross, Georgia. PRESS RELEASE: Comverge, Inc. (“Comverge”) and H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm, today announced that they have […]