Steve Judge was named president and CEO of the Private Equity Growth Capital Council. Judge succeeds Douglas Lowenstein, who stepped down last year. Judge has served as interim president and CEO of PEGCC since August 2011. The appointment is effective immediately.
Candescent Partners has bought Koch Eye Associates. Bush O'Donnell Capital Partners, Pine Street Capital Partners, First New England Capital and BCA Mezzanine Fund LP also coinvested. Financial terms of the deal were not announced. Koch Eye Associates provides eye care services in Rhode Island. DWQ Associates provided financial advice to Koch Eye.
Pep Boys, the listed Philadelphia-based aftermarket automotive parts and service retail chain, will be acquired by The Gores Group in a $1 billion deal. BofA Merrill Lynch is acting as the exclusive financial advisor to Pep Boys and has provided a fairness opinion to the Board of Directors of Pep Boys in connection with the transaction. Morgan, Lewis & Bockius LLP is acting as legal advisor to Pep Boys. Credit Suisse Securities (USA) LLC, Barclays Capital, and Sagent Advisors are acting as financial advisors to The Gores Group. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to The Gores Group.
New York-based jewelry designer Alexis Bittar has entered into a partnership with private equity firm TSG Consumer Partners. The firm is investing an undisclosed amount into Alexis Bittar. Terms were not released.
A consortium led by South Korean retailer E-Land is among the short-listed bidders vying for the Los Angeles Dodgers baseball franchise, Reuters wrote Monday, citing reports from the Yonhap News Agency. A deal for the Dodgers is estimated between $1.2 billion and $1.5 billion, Reuters said. The Dodgers filed for bankruptcy protection in June last year and a sale of the franchise was announced last week.
British bingo and casino operator Rank is in talks with private equity-owned Gala Coral over the possible acquisition of Gala's casino business, Reuters wrote Monday, citing a report in the Sunday Times. Rank is 74% owned by Malaysian-based gambling group Guoco. A price tag for the deal could reach up to 250 million pounds ($392 million), Reuters wrote.
(Reuters) - Russia's $10 billion private equity fund is making its first investment, buying a stake in the country's MICEX-RTS stock market with the aim of boosting the exchange's IPO hopes and helping develop Moscow's rudimentary capital markets. The Russian Direct Investment Fund, a $10-billion state fund set up to attract foreign direct investment into Russia, will buy a 1.25% stake in the exchange, according to a press release.
TPG Capital, News Corp. and Time Warner have all put in bids for the media assets of Turkey's Calik Holding, Reuters reported Monday. The bids were reportedly all around $1 billion, Reuters wrote.
The Wall St. Journal reported recently that Morgan Stanley was king of the tech IPO world and they had topped the underwriter charts with $115 million in revenue. That’s good news? Is this a sign of health in the Tech IPO world? I spent many years leading many IPOs at Robertson Stephens, we were a […]
Fluoro-Seal Holdings LLC, the provider of adhesion and surface enhancement products, has been acquired by Arsenal Capital Partners, the New York private equity firm. Specifics on the deal were not publicized.