In less than three years, GTCR expects to make a little more than 2x its money with Classic Media sale.
They're hoping this goes better than it went when Manny, Moe & Jack tried to sell--Carquest is up for grabs, and private equity firms are looking at the automotive aftermarket play.
Today, peHUB gets a guest posting from Jeremy Glaser, who is trying to keep VCs and GPs ahead of the changes that could make an exit much tougher...
And that's the half! Berkery Noyes kicks it up to the announcing team for a game-break--and, what their mid-year report finds for PE might be considered quite an upset!
Seaport Capital has acquired FTJ FundChoice, according to a July 18 statement. Financial terms were not disclosed. Cincinnati-based FTJ FundChoice provides technology-enabled asset management, electronic trading and back office administrative services to investment advisors. PRESS RELEASE FTJ FundChoice, LLC (FTJFC), a provider of technology and services to investment advisors, announced today that it has been […]
What’s on peHUB readers’ minds? New gigs, apparently—some of our top posts included boldface names making moves and taking up corner offices, as well as more than a few folks taking interest in our Job of the Week.
Mobeus Equity Partners has backed the 18 million pound ($28 million) management buyout of Tessella Limited, a provider of science-powered technology and consulting services. Specific terms of the deal were not released. This is Mobeus’s first transaction since the team announced its own management buyout from Matrix Group earlier this month, the firm said. PRESS […]
Private equity-backed restaurant operator CKE Inc., which had filed for an initial public offering of up to $100 million in May, said it now expects to raise as much as $230 million in its IPO. CKE, which operates the Carl’s Jr and Hardees fast food chains, was taken private by Apollo Management in a nearly […]
DreamWorks Animation SKG Inc. beat rival bidders to buy Classic Media for $155 million to strengthen its array of entertainment characters, which will now include “Casper” and “Rudolph the Red-Nosed Reindeer,” the Wall Street Journal said. DreamWorks will pay cash for the two-year-old rights-holding company, which is owned by Boomerang Media Holdings I LLC, a […]
Genesee & Wyoming Inc. said it will buy rival RailAmerica Inc. for $1.39 billion in cash to create one of the biggest regional railroad operators in the United States. The combined companies will originate or terminate more than 4 percent of all carload traffic in the United States, Genesee said. They will have 111 railroads […]