Superior Capital Partners has bought the gourmet desserts division of Heinz North America. Financial terms weren’t announced. The new entity will be called Dianne’s Fine Desserts and will be led by Michael Knowles as CEO and Daniel Scales as President. Headquartered in Newburyport, Mass., the company will have about 500 employees. PRESS RELEASE Superior Capital […]
Juniperus Capital Holdings, which is backed by Aquiline Capital Partners, said Monday that Chris McKeown has joined as CEO effective immediaqtely. Marsh & McLennan Cos. in April took a minority stake in Juniperus. McKeown succeeds Phil Lotz, who will remain executive chairman. McKeown was recently Vice Chairman of North America Broking at Guy Carpenter. PRESS […]
Want to buy an industrial company? The price tag will be rich.
Casual dining chain Houlihan's Restaurants Inc is in talks with private equity firms and other restaurant companies to sell itself in a deal that could fetch nearly $100 million
Platte River Ventures has sold portfolio company PRV Aerospace to New York-based Court Square Capital Partners. Terms of the deal were not released. PRV Aerospace supplies components, subassemblies and assemblies to manufacturers of aircraft, aero-equipment and other defense platforms. Platte River Ventures is based in Denver. PRESS RELEASE Platte River Ventures (“Platte River”), a Denver, […]
Topspin LBO and AUA Private Equity have invested an undisclosed amount into Brighter Dental Care, a regional dental practice management company. Terms were not released. Brighter Dental Care operates and manages seven affiliated dental practices in New Jersey. PRESS RELEASE Topspin LBO and AUA Private Equity announced that they have invested in Brighter Dental Care […]
Buyout shop Avista Capital Partners is buying Top-Co Inc., a designer and manufacturer of specialized casing cementing products used in the drilling and completion of oil, natural gas and geothermal wells. Terms of the deal were not released. The deal is expected to close during the second quarter. Top-Co is based in Edmonton, Alberta. PRESS […]
Concho Resources Inc. said it will buy all of the oil and natural gas assets of Three Rivers Operating Company LLC, a portfolio company of private equity firm Riverstone Holdings, for $1 billion in cash, Reuters reported Monday. Three Rivers owns 200,000 net acres in the Permian Basin, an area spanning Texas and New Mexico. […]
The Leisure Pass Group, an operator of multi-attraction tourist passes is being sold to its management team, led by CEO Darran Evans and backed by private equity house Primary Capital, for 35 million pounds ($56.2 million). International corporate finance advisory firm Livingstone Partners advised shareholders of the company on the transaction. PRESS RELEASE Livingstone Partners, […]
China Yongda Automobiles Services has launched its Hong Kong initial public offering, aiming to raise as much as HK$3.37 billion ($434 million), IFR, a Thomson Reuters publication reports. Baring Private Equity is investing as much as $120 million in offering, writes IFR. Reuters – China Yongda Automobiles Services has launched its Hong Kong initial public […]