Ohio private equity firm The Riverside Co. bought EagleOne Logistics to tack onto platform company Express Courier, a regional delivery services firm. The deal expands Express Courier’s capacity in the South. Texas Capital Bank and THL Credit provided financing for the transaction, Jones Day was Riverside’s legal counsel, and RSM McGladrey advised Riverside on financial due diligence. Specifics were not publicized.
Cinelease, the motion-picture lighting and grip equipment rental service, has been dealt from Boston-based private equity firm Audax Group to Hertz Global Holdings. Houlihan Lokey, Inc. advised Cinelease. Kirkland & Ellis LLP represented Audax Group. Specifics on the deal were not publicized.
After being carved from GSI Commerce in the wake of that startup’s sale to eBay, Boston-based online shopping site RueLaLa has received about $22 million of funding issued new stock options to a number of undisclosed parties, according to a federal filing. In March 2011, when eBay bought GSI Commerce, RueLaLa was sold back to GSI CEO Michael Rubin as part of a package that included more investment from eBay. A RueLaLa representative did not comment further. VIEW THE FILING HERE.
Mobile Patrol LLC, the Arkansas startup that serves local sheriffs’ offices with smartphone apps, has been acquired by Appriss, the Kentucky-based law enforcement data firm. Specifics of the transaction were not publicized.
Neways Enterprises, Utah-based maker of dietary supplements and personal care products, has completed an out-of-court restructuring to reduce its debt, the company announced. As a result of the transaction, private equity firm Z Capital Partners and funds affiliated with S.A.C. Capital Advisors will own a majority of Neways. Golden Gate Capital will maintain an equity stake, the company said. Terms of the deal were not released.
New York-based private equity firm Cortec Group has acquired Cranial Technologies Inc. Terms of the deal were not released. Paul Hastings represented Cortec Group in the deal. Tempe, Arizona-based CranialTech is a developer, manufacturer and provider of medical devices and services for the treatment of positional plagiocephaly in infants.
TPG Capital and Singapore sovereign wealth fund GIC will invest about 750 million yuan ($115 million) in convertible bonds in Hong Kong-listed China sportswear brand Li Ning Co. Ltd, Reuters wrote Friday. Li Ning also said in a separate statement that TPG and its affiliates will buy about 5 percent of the existing issued share capital for about HK$349.8 million ($45 million), Reuters wrote.
Eastman Kodak Co, the photography icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly, capping a prolonged plunge for one of America’s best-known companies. The Chapter 11 filing makes Kodak one of the biggest corporate casualties of the digital age, after it failed to quickly embrace more modern […]
We all know that interest rates are incredibly low. The three month Libor continues around 30 bps., an extremely low level designed to spur growth in the economy. Yet, other than asset-based loans priced at L+200 to 300, loans to middle-market companies continue to be expensive, and have not declined nearly in proportion to the […]
Marking the online micromessaging site’s first big deal of 2012, Twitter bought Summify, the social news site. Details of the acquisition—Twitter has made more than a dozen—were not publicized and Summify will reportedly be shuttered as part of the deal.