Dun & Bradstreet Corp., a global business information provider, is exploring a sale and has J.P. Morgan and Credit Suisse to advise it in the process, Reuters reported Wednesday. Dun & Bradstreet, which makes money through subscriptions and licensing agreements, has data on more than more than 130 million companies in more than 190 countries. […]
A private equity consortium is aiming to scoop-up lab-testing company Laboratory Corporation of America Holdings in a huge leveraged buyout and take it private, Mergermarket reported, quoting sources familiar with the situation, Reuters wrote Wednesday. Mergermarket, a mergers and acquisitions tracking service, said TPG Capital and Bain Capital were among the few private equity firms […]
BB&T Capital Partners Mezzanine Fund II has invested subordinated debt and preferred and common stock to support the acquisition of Eckler’s by Baird Capital Partners. Titusville, Fla.-based Eckler’s is a marketer of restoration parts and accessories for classic and enthusiast vehicles. Terms of the deal were not released. PRESS RELEASE Eckler’s is the premier multi-channel, […]
Odyssey Investment Partners has acquired Integrated Power Services, a provider of maintenance and repair services for electric motors and generators in North America, from The Riverside Company. Financial terms of the transaction were not disclosed. PRESS RELEASE Odyssey Investment Partners, LLC announced today that it has acquired Integrated Power Services LLC (“IPS” or “the Company”), […]
Private equity firm LNK Partners, which has invested in Ariat and Au Bon Pain, has closed a $400 million fund that will be dedicated to investments in the consumer and retail space. LNK’s placement agent was Credit Suisse and its law firm was Paul, Weiss, Rifkin, Wharton & Garrison. The PE firm’s first fund was […]
Kansas City, Missouri-based communications company Unite Private Networks (UPN) is acquiring a fiber-optic network from Zito Media for an undisclosed amount of money. The network covers southeast Nebraska. PRESS RELEASE: Unite Private Networks (UPN) today announced an agreement with Zito Media for UPN to acquire an 838 route mile fiber-optic network covering southeast Nebraska and […]
Some private equity execs are very stressed about pending changes to capital gains tax rates. Are you?
AdeTherapeutics, a Canadian company focused on developing products that reduce fibrosis, or scar tissue complications relating to surgery, announced today that it has retained San Francisco-based Beal Advisors, a boutique investment bank, to evaluate its strategic options. PRESS RELEASE: AdeTherapeutics, Inc., a world leader in developing products that reduce fibrosis or scar tissue (adhesion) complications […]
Rona Inc., a Canadian home improvement chain, has rejected an unsolicited C$1.8 billion ($1.8 billion) takeover bid from Lowe’s Cos Inc., saying the offer was not in the best interests of shareholders, Reuters reported Tuesday. Rona said on Tuesday it had received a C$14.50 per share proposal from Lowe’s, the world’s second-largest home improvement chain, […]
English soccer team Manchester United set the terms for its U.S. initial public offering on Monday saying it will offer 16.67 million shares at between $16 and $20 each, which values the club at $3.3 billion at the top of the range. Manchester United has been struggling with a hefty debt burden ever since being […]