Chicago-based private equity firm Pfingsten Partners has acquired Bailey International, a Knoxville, TN-based manufacturer and distributor of mobile fluid power components including hydraulic cylinders, power units, pumps, valves, motors, hoses and fittings, bearings and bushings used primarily in mobile equipment applications. Global law firm Paul Hastings advised on the transaction. PRESS RELEASE Paul Hastings LLP, […]
This morning's First Read comes with deals galore, big valuations and acqui-hire 'Where Are They Now?'
Woongjin Holdings has put a 30.9% stake in Woongjin Coway on the block and hired Goldman Sachs to manage the sale, which it hopes will fetch as much as $1.7 billion, Reuters reports.
Private equity firm Emerging Capital Partners is planning to deploy a "significant amount" of capital in fast-growing east Africa, which includes Kenya, Uganda, Tanzania, Burundi and Rwanda.
A10 Capital said Wedneday that it has completed to two transactions. In the first, H.I.G. Capital made an equity investment in A10 that facilitates up to $100 million in additional equity. A10, in a second deal, completed a $100 million bond offering. A10 Capital specializes in small to middle market commercial mortgage loans. PRESS RELEASE […]
WOW! Internet, Cable & Phone, which is backed by Avista Capital Partners, has agreed to buy Knology for $19.75 a share or about $1.5 billion. Knology is a cable company that serves 10 markets in the Southeast and three markets in the midwest. Credit Suisse, Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey and Bank […]
Summit Partners has acquired a majority stake in Help/Systems. Financial terms weren’t disclosed. Audax Group was the seller. Eden Prairie, Minn.-based Help/Systems provides automated operations, security and business intelligence software solutions. The deal is the second time Summit has invested in Help/Systems. The growth equity firm initially invested in the company in 2005 and sold it […]
New Mountain makes its biggest bet ever on AmWINS
North Castle Partners has backed Palladio Beauty Group, in partnership with CEO and owner Philip Solomon in a management buyout. The terms of the investment were not disclosed. Based in Hollywood, Florida, Palladio Beauty Group is a marketer of color cosmetics and skincare products sold primarily through the beauty supply and professional beauty channels. PRESS […]
US-based private equity investor Lindsay Goldberg has acquired Weener Plastik AG, a German-headquartered manufacturer of plastic packaging. International investment banking firm Livingstone acted as exclusive financial advisor to the shareholder families of Weener. PRESS RELEASE Livingstone, the leading independent, international investment banking firm, is pleased to announce the recent sale of WEENER Plastik AG (“Weener” […]