Middle-market buyout shop Calera Capital has made a “significan investment” in mattress retailer Sleepy’s as part of a recapitalization. Terms were not released. Sleepy’s is based in Hicksville, N.Y. PRESS RELEASE Calera Capital, a leading middle-market private equity firm, announced today that, in partnership with management, it has completed a significant investment in Sleepy’s, the […]
Boca Raton, Fla.-based Sun Capital Partners has exited its investment in Sonneborn Inc., selling the company to One Equity Partners. Terms of the deal were not released. Sonneborn, based in Parsippany, N.J., was acquired in June 2005 in a corporate carve-out transaction. The company is a supplier of white oils, petrolatums, waxes and other hydrocarbon […]
KKR & Co. said it will buy some energy assets straddling parts of Texas and Oklahoma from WPX Energy for $306 million — the private equity firm’s latest acquisition of properties that have become cheaper due to weak natural gas prices, Reuters wrote Monday. The deal has been made through KKR Natural Resources, which is […]
This morning's peHUB First Read comes with an obvious book deal, another obvious reason to like NYC, and the awesome return of Sim City!
US retailer Michaels Stores has filed with regulators to raise up to $500 million in an IPO that could be one of the year’s largest IPOs in the retail sector, writes Reuters. The offering comes six years after private equity owners Blackstone and Bain purchased the Texas-based arts and crafts company for more than $6 […]
Howard Marks and Bruce Karsh, co-founders of Oaktree Capital Group, could end up with $117.2 million each by selling stakes in the debt-focused private equity firm in an IPO that could raise up to $595.1 million, writes Reuters. Oaktree has $74.9 billion in assets under management and said in a regulatory filing it expects its […]
Private equity asset managing firm Oaktree Capital Group filed its IPO terms on Friday, more than nine months after it first disclosed its plans to go public. The investment management firm, which focuses on alternative markets, said it expects its offering of 11.3 million Class A units to be priced between $43 and $46 apiece, […]
Japanese brewer Asahi is working to finalize the purchase of eastern European brewer StarBev from private equity owner CVC Capital Partners in a deal likely to be worth around $3 billion, Reuters wrote Friday. The two were hammering out the final details of a deal which could be announced as early as next week after […]
Friday morning's First Read comes with some hilarious senior pictures, some tough times for Kim K.'s online foray--into business, this time--and some real bad eggs.
Cleveland-based MCM Capital Partners announced that it has exited its investment in ESSCO Inc. ESSCO, a distributor of floor care products, was bought by MCM Capital Partners II in 2005. MCM sold the business to Indianapolis-based Cardinal Equity Partners. Terms of the deal were not released. PRESS RELEASE MCM Capital Partners II (“MCM”), a Cleveland, […]