Wednesday morning's peHUB inspects PE's ongoing relationship with retail, R. Allen Stanford getting his, and tragedy in the UK.
New York-based specialty finance group Abacus Finance has provided $16 million in senior cash-flow financing to support the leveraged buyout of Industrial Magnetics, Inc by Chattanooga-based River Associates Investments. Headquartered in Boyne City, Michigan, IMI provides permanent magnets and electromagnets for lifting, fixturing, conveying and magnetic separation. PRESS RELEASE Abacus Finance Group, LLC (Abacus), a […]
Brown Gibbons Lang, a middle-market investment banking firm, and the M&A advisory firm Global M&A, advised Italian lighting tower producer Tower Light on its majority stake sale last month to Ambienta, a private equity group that is based in Milano, Italy and focused on the environmental sector. Ambienta acquired 82 percent of the outstanding shares of […]
Siemens Enterprise, backed by the Gores Group, may go public this year.
Buyout shops Bridgepoint, CVC and Global Investment House are reportedly interested in buying a controlling stake in Turkish hosiery maker Penti, Reuters wrote Tuesday. Penti has mandated Pragma Corporate Finance as advisors for the sale. (Reuters) – Private equity funds including Bridgepoint, CVC and Global Investment House are among investors interested in buying a majority […]
The IT services arm of Indian steel-to-oil conglomerate Essar Group is in talks to raise $500 million to $600 million through a U.S. initial public offering and the sale of a stake to private equity firms, Reuters reported Tuesday. Essar’s Aegis Ltd. is in talks with private equity investors including U.S.-based Warburg Pincus and General […]
Bain & Co.--no relation to Bain Capital, in case you've heard otherwise--has a few things to say about private equity. And some of them could cause industry pros to cringe.
German publisher Axel Springer said on Tuesday it had signed a deal with General Atlantic which will see the U.S. private equity firm take a 30% stake in its online classified advertizing business, Reuters reported. General Atlantic will pay Springer 237 million euros ($313.6 million), and provide a 460 million euro loan. (Reuters) – German […]
New York-based private equity firm Arsenal Capital Partners said Tuesday that it will acquire the global colorants business from Evonik Industries. Terms of the deal were not released. The deal is expected to close in April. PRESS RELEASE Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle-market specialty industrial, healthcare, […]
Private equity fund Equinox said on Tuesday it was interested in buying an “important” portion of the 15% stake in Banca Monte dei Paschi di Siena that its core shareholder is selling, Reuters reported Tuesday. The Monte dei Paschi banking foundation that owns 49% of Italy’s No. 3 lender is selling a stake of up […]