US buyout firm Cerberus Capital Management has sold the Japanese operations of an employment agency to private equity firm CVC Capital Partners for an undisclosed amount, writes Reuters. The business was recently renamed Prompt Holdings. Current management will not be changed, writes Reuters. Reuters – US buyout firm Cerberus Capital Management has sold the Japanese […]
Today's First Read comes with PE's plans for China, the Taco-Copter, and who made what on OMGPOP
Westfield Group, the world’s second-largest shopping mall owner, is close to selling seven malls in the United States to Starwood Capital Group for about $1 billion, Reuters wrote, citing the Wall Street Journal. The seven malls were not identified, but five of the seven are among the 17 U.S. malls that Sydney-based Westfield put on […]
Private equity-backed industrial parts maker Rexnord Corp. priced its initial public offering at $18 a share on Wednesday, at the low end of its expected range, Reuters reported. The Milwaukee-based company, owned by Apollo Global Management, sold 23.7 million shares, as planned. The offering raised $426 million. (Reuters) – Private equity-backed industrial parts maker […]
Great Hill Partners has made a $80 million commitment to Veracity Payment Solutions. Veracity’s founders, current management team and GTX Partners will retain a significant stake. Atlanta-based Veracity provides payment transaction processing services. SunTrust Robinson Humphrey provided financial advice to Veracity. PRESS RELEASE Veracity Payment Solutions, Inc., a privately-held merchant acquirer based in Atlanta, GA, […]
Marc Potash, ex-CEO of SecureNet, is suing Sterling Partners for $375 million. He claims he was duped into selling 52% of the company in 2010.
Facebook halts the trading of its shares on secondary markets, potentially a sign of a soon-forthcoming IPO.
Morgan Stanley Global Private Equity has formed a strategic partnership with OSF Merchant Banking to explore investment opportunities in Brazil. Morgan Stanley Global PE has invested over $8 billion equity acorss several industries. PRESS RELEASE Morgan Stanley Global Private Equity has formed a strategic partnership with OSF Merchant Banking to pursue investment opportunities in Brazil. […]
Green Bancorp has agreed to buy Opportunity Bancshares and its wholly-owned subsidiary, Opportunity Bank. Financial terms weren’t announced. Opportunity Bank operates a banking office in Richardson, Texas. Opportunity Bank reported $52 million in total assets as of Dec. 31, total loans of $31 million and total deposits of $43 million. The deal, subject to board […]
A regulatory filing suggests Audax Group is close to investing in a security products distributor, with Brazos Private Equity the selling stakeholder.