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 […]
BC Partners and The Carlyle Group are to acquire Hamilton Sundstrand Industrial, a manufacturer of mission-critical pumps and compressors for the global industrial, infrastructure and energy markets, from United Technologies Corporation. The transaction is valued at $3.46 billion. PRESS RELEASE BC Partners, a leading international private equity firm, and global alternative asset manager The Carlyle […]
The Carlyle Group is acquiring a majority stake in Service King Collision Repair Centers. Financial terms weren’t announced. Company management and employees are also investing, according to a statement. Eddie Lennox, who founded Service King, will retain a significant stake. Dallas-based Service King operates 49 auto body repair shops. The investment came from Carlyle Equity […]
Seidler Equity Partners has sold Harmar Mobility to Cortec Group. Financial terms weren’t announced. Harmar Mobility provides lifts, ramps and elevators to enhance individal mobility. News of the deal was announced by Harris Williams which advised Harmar. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of […]
Dividend recaps may be controversial but Roark Capital hasn't been shy about using them to return hundreds of millions of dollars to its limited partners.
Ancestry.com Inc, the family-history research website, is exploring a sale to private equity firms and is hoping to solicit revised bids from them in early August, two sources familiar with the matter said on Tuesday.
IK Investment Partners’ IK2007 Fund is to acquire Actic from funds managed by FSN Capital. Actic is a Nordic health and fitness company. Financial terms were not disclosed. PRESS RELEASE IK Investment Partners’ (“IK”) IK2007 Fund has entered into an agreement to acquire Actic from funds managed by FSN Capital. Actic is a leading Nordic […]
bChannels has completed a management buyout backed by private equity firm RCapital. Oxford-based bChannels was set up twelve years ago to help technology companies optimise routes to market, develop channel programs and manage relationships with channel partners. The company operates globally from bases in UK, West coast of the USA and Asia. Its clients include […]