Top shareholder Carl Icahn has moved closer to buying CVR Energy, after the billionaire investor said 55% of the crude oil refiner’s outstanding shares was tendered to his $2.26 billion offer, Reuters reported Monday. Icahn, who plans to buy CVR for $30 a share and then sell it, holds a 14.5% stake in the company. […]
European private equity firm Doughty Hanson is to acquire Eurofiber, which owns an independent fiber network in the Netherlands. Doughty Hanson is acquiring the firm from Reggeborgh, an investment vehicle of the Wessels family. Reggeborgh will continue to hold a significant minority stake in Eurofiber. PRESS RELEASE Doughty Hanson & Co, one of the largest […]
UK generalist investor NVM Private Equity has invested 6 million pounds ($9.6 million) to support the management buyout of Volumatic from Halma. Volumatic is a UK-based provider of intelligent cash handling products to the UK and international markets. Its customers include UK retailers, supermarket chains, leisure operators and banks including Wilkinson, Tesco, WH Smith, Lloyds […]
Apollo Global Management said Monday that it has completed its buy of Stone Tower Capital. Financial terms weren’t announced. Stone Tower is an alternative credit manager with about $18 billion AUM. PRESS RELEASE Apollo Global Management, LLC (NYSE: APO) and its subsidiaries (collectively “Apollo”) today announced that they have completed the acquisition of Stone Tower […]
Levine Leichtman Capital Partners has bought McKenzie Sports Products from Gridiron Capital. The deal closed March 30. Financial terms weren’t announced. News of the sale was announced by Harris Williams which advised Gridiron. McKenzie makes and distributes taxidermy supplies. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the advisory […]
Avon may have rejected Coty's $10 bln offer but the deal may signal the return of the mega LBO.
After a years-long chill, the market for venture-backed initial public offerings was heating up, the National Venture Capital Association and Thomson Reuters reported Monday.
Sterling Partners, a Chicago-based private equity firm, has acquired Desert Industrial X-Ray, a privately held non-destructive testing company. Going forward, Desert Industrial will operate as Desert NDT, which will include all of the company’s operations, facilities, equipment, management and field personnel. Financial terms of the transaction were not disclosed. PRESS RELEASE Desert Industrial X-Ray, L.P., […]
Comvest Group, through its Comvest Investment Partners IV fund, announced Monday that it is investing $60 million as part of a deal to acquire a controlling interest in mobile broadband company Tekelec. Through a consortium including Siris Capital Group, GSO Capital Partners, Sankaty Advisors, ZelnickMedia and other Siris limited partners and affiliates, the transaction is […]
Conduit Capital Partners has agreed to exit its stake in the Peruvian pipeline project Gasoducto Andina del Sur. The firm is selling its stake to Odebrecht, the Brazilian construction conglomerate. Terms of the deal were not released. The project is a 1,100-kilometer gas pipeline running from the Camisea fields to the southern region of Peru, […]