Private equity firm Penta Investments has made an offer for German insolvent drug store chain Schlecker, less than a month after buying a 40% stake in Polish retailer EM&F, Reuters reported. Details of the offer were not released. (Reuters) – Private equity firm Penta Investments has made an offer for German insolvent drug store chain […]
Private equity firm KSL Corp. raised its bid for Great Wolf Resorts by 12% to $234 million as it works to top rival buyout group Apollo Global Management, Reuters reported. Great Wolf, North America’s largest operator of indoor water parks, said in a statement that it had received an unsolicited letter from KSL proposing to […]
U.S. private equity firm TPG Capital is bidding to buy failed Japanese memory chip maker Elpida with China’s Hony Capital, Reuters reported. The two firms will participate in the second round of bidding for Elpida, which is due to close on April 27. (Reuters) – U.S. private equity firm TPG Capital LP is bidding to […]
Denver-based DCP Midstream Partners has completed a previously announced dropdown of the remaining 66.67 percent interest in DCP Southeast Texas Holdings, GP from the owner of its general partner, DCP Midstream, in a $240 million deal. DCP Midstream Partners processes, transports and stores, natural gas. It also stores and sells propane. PRESS RELEASE: DCP Midstream […]
Bunge, a publicly traded agribusiness and food company based in White Plains, New York, has acquired the assets of MCN BIoProducts, a company backed by investors Foragen Technologies, CIC Investment Management, GrowthWorks, and FCC Ventures. MCN has been developing a patented process to make canola-based ingredients for the aquaculture and animal feed industries. Terms of […]
Private equity is facing legislative changes that could permanently impact the business. So, what's a LBO shop to do? Sell!
GTCR is investing in Zayo, which is buying AboveNet for $2.2 billion.
Buyout shop Thoma Bravo has completed its take-private acquisition of InfoVista, the firm announced Thursday. InfoVista is a provider of service performance assurance software for IP-based network and application services. In December, Thoma Bravo took control of the company, buying a a 67.26% stake from sellers including Emancipation Capital LLC, Odyssee Venture and ESW. PRESS […]
USP Holdings Inc., a newly formed portfolio company of Wynnchurch Capital and the Comvest Group, has acquired substantially all of the assets of United States Pipe and Foundry Company and Fast Fabricators. Terms of the deal were not released. PRESS RELEASE Wynnchurch Capital (“Wynnchurch”) and the Comvest Group (“Comvest”), leading middle-market private equity firms, announced […]
Wellspring Capital Management has acquired API Heat Transfer Inc. from Industrial Growth Partners. Financial terms of the transaction were not disclosed. API Heat Transfer is a producer of industrial heat exchangers and heat transfer systems. PRESS RELEASE Wellspring Capital Management LLC (“Wellspring”) today announced that an affiliate has acquired API Heat Transfer Inc. (“API Heat […]