Odyssey Investment Partners has acquired L-com Inc., a North Andover, Mass.-based provider of wired and wireless connectivity products to original equipment manufacturers, system integrators and network installers. Terms of the deal were not released. PRESS RELEASE Odyssey Investment Partners, LLC announced today that it has acquired L-com, Inc., a leading provider of wired and wireless […]
CVR Energy Inc., majority owned by investor Carl Icahn, said it did not receive any credible acquisition offers during its 60-day sale process despite contacting more than 30 potential bidders. Icahn, who now owns about 82% of the crude oil refiner after his $30 per-share tender offer secured majority shareholder support, had called for the […]
Australian surfwear company Billabong International said on Friday a takeover offer from TPG Capital worth A$694 million ($712 million) was too low, but it would still open its books to the private equity firm. Billabong said there was no guarantee that a transaction would be agreed after TPG had seen the retailer’s books, Reuters wrote. […]
In what the company is characterizing as one of the largest land purchases in the history of Lee County, Fla., Private Equity Group has purchased parcels totaling 5,187 acres from Alico-Agri, a subsidiary of the publicly traded, Florida-based agribusiness Alico. Private Equity Group is a private equity fund based in Fort Meyers, Fla. Terms of […]
The Atlanta-based modular carpet maker Interface is selling its Bentley Prince Street division to the private equity firm Dominus Capital in a transaction valued at $35 million. L.A-based Bentley Prince as been part of Interface since 1993 and is best known for its broadloom rugs. PRESS RELEASE: Interface, Inc. IFSIA +7.11% , the world’s largest […]
Just two years after buying BWAY Holding, Madison Dearborn Partners has put the company up for sale.
LLR Partners and WellPoint have invested an undisclosed amount in Physicians Immediate Care, a Rockford, Ill.-based chain of 20 independently owned medical clinics in the Midwest. LLR is a middle market private equity firm; WellPoint [rovides insurance under the Blue Cross and Blue Shield brands in 13 states PRESS RELEASE: LLR Partners, a middle market private […]
CVR Energy, a Sugar Land, Texas-based refiner and marketer of petroleum fuels, has ended a 60-day sale process intended to separate the company from its majority ownership of nitrogen fertilizer producer CVR Partners. The company did not receipt a bona fide offer, it says. PRESS RELEASE: CVR Energy, Inc. (“CVR”) CVI -0.07% , a refiner […]
More IPO news, the death of print and naughty Olympic reading material--what else would you want from your Thursday morning First Read?
Growth investor Abraaj Capital has exited healthcare provider IHH Healthcare Berhad through an IPO. Approximately RM6.26 billion ($2 billion) was raised in the offering, making it the third largest IPO to date this year after Facebook and Felda Global (the Malaysian palm oil producer). PRESS RELEASE Abraaj Capital, a leading private equity manager investing in […]