Brazos Private Equity Partners, a Dallas-based investment firm, has exited its investment in Tri-Northern Holdings Inc., a distributor of electronic security products. The buyer was private equity firm Audax Group. Terms were not released. Tri-Northern is based in Woodbury, New York, and was formed by Brazos and management through the acquisition and subsequent merger of […]
Facebook's IPO is days away... but the company's ability to attack online retailers with its massive scale has the potential to turn the social network into an online shopping mall.
Blackstone has agreed to buy 69 warehouses in the United States valued at around A$800 million ($820.4 million) from Australia’s Dexus Property Group, Reuters reported Thursday, citing a Bloomberg report. Private equity firm Blackstone owns more than 45 million sq feet of industrial real estate through a Chicago-based company called IndCor Properties Inc, it said. […]
Australian buyout fund Pacific Equity Partners is considering raising its A$711 million ($729 million) offer for services company Spotless Group after securing the bulk of its funding, Reuters reported Thursday. Spotless has been a target for buyout firms for nearly a year. Last May it rejected a A$657 million offer from Blackstone. (Reuters) – Australian […]
Specialty boutique retailer Francesca’s Holdings has announced a follow-on offering of 9,000,000 shares of its common stock. The shares are being offered by selling stockholders, which include members of management and directors of Francesca’s Holdings Corporation and affiliates of CCMP Capital Advisors. PRESS RELEASE Francesca’s Holdings Corporation (Nasdaq:FRAN) today announced a follow-on offering of 9,000,000 […]
Thursday's First Read comes with some harsh words for the JOBS bill, some more harsh words from the CEO of OMGPOP, and why it isn't too early to start thinking about water parks.
Private equity firm Carlyle Group is looking to sell part of its aerospace and defense portfolio company Arinc Inc., more than a year after efforts to sell the company as a whole failed, according to people familiar with the matter. The Annapolis, Maryland-based company consults with the military and designs systems that help airline pilots […]
Levine Leichtman Capital Partners said Wednesday that it has agreed to buy nearly all the operating assets of DRI Corp., including those under the Mobitec brand name. Financial terms weren’t announced. DRI makes and sells Mobitec and TwinVision display systems and digital recorders. In March, DRI announced it planned to sell its operations via a […]
GSO Capital Partners Founder Bennett Goodman pulled back the curtain on life as part of The Blackstone Group, saying that the potential for conflict looms but that the firm has put certain measures in place to prevent them.
Providence Equity Partners is especially bullish on education deals, a sector he says is under-served by private equity firms, CEO Jonathan Nelson said Wednesday during a keynote interview at the PartnerConnect conference. Education is the second-largest market in the U.S., at $1.3 trillion, Nelson said. “The scale is eye-popping,” Nelson said. “Growth and importance is […]