Golub Capital has provided a senior debt facility to support Windjammer Capital Investors’ buy of Global Claims Services. GCS is an insurance service provider that helps property insurance carriers settle claims through its ITEL and ICC subsidiaries. PRESS RELEASE Golub Capital, as Administrative Agent, announced today that it provided a senior debt facility to support the […]
Treadstone Partners said late Monday it has sold its controlling stake in Advanced Joining Technologies.Treadstone did not reveal the buyer or financial terms. Advanced Joining Technologies is a commercial engineering firm in California. PPHB and Solomon Minton Cardinal provided financial advice to Treadstone. PRESS RELEASE Treadstone Partners, LLC, has sold its controlling interest in Advanced […]
Endeavour Capital has sold Network Global Logistics to Quad-C Management Inc. NGL’s management team participated in the recap and will continue in their current operating roles. Financial terms weren’t announced. Broomfield, Colo.-based NGL is a third-party logistics company that provides transportation and specialty distribution services. BB&T Capital Markets advised NGL. PRESS RELEASE On July 17, 2012, […]
Thompson Street Capital Partners has acquired Receivables Management Partners. The seller was LaSalle Capital Group. Financial terms weren’t announced. Receivables Management provides healthcare accounts receivable management services. The deal closed July 27, said Harris Williams which announced the sale. Patrick Hanraty and David Allebach, of Harris Williams, advised Receivables Management. PRESS RELEASE Harris Williams & […]
Private equity deserves a better defense from U.S. public officials and critics, says David Rubenstein, the Carlyle Group's co-CEO and cofounder.
Palladium Equity, which is out marketing for its fourth fund, has so far raised about 25%.
Debt-collection agency Performant Financial Corp. expects its initial public offering of 11.54 million shares to be priced between $12 and $14 each. At the mid-point of the expected price range, the offering will raise about $150 million. Performant is backed by private equity firm Parthenon Capital Partners, which currently holds about 82% stake in the […]
Aviva, Britain’s second largest insurance group, has received a number of unsolicited approaches from financial and private equity buyers for a U.S. unit estimated to be worth some 1 billion pounds ($1.57 billion), the Sunday Telegraph reported, according to Reuters. Aviva is seeking to sell or close more than a quarter of its businesses as […]
Sycamore Partners extended the deadline of its tender offer to buy women’s apparel retailer Talbots Inc. — the second time it has done so — to August 2. The private equity firm said in May that it would buy Talbots for $193.3 million, or $2.75 per share — a price that was lower than its […]
Private equity-backed CKE Inc., which operates the Carl’s Jr and Hardees fast-food chains, expects to sell 13.3 million shares in its initial public offering at between $14 and $16 each, Reuters wrote Monday. CKE, which was taken private by Apollo Management in a nearly $700 million deal in 2010, said last Monday it planned to […]