Pittsburgh-based Titanium products maker RTI International Metals will pay $164.5 million for Remmele Engineering, Reuters reported Tuesday. Remmele, which was bought by private equity firm Goldner Hawn Johnson & Morrison in 2007, caters to the aerospace, defense and medical device sectors.
Industrial Opportunity Partners has exited its investment in FAS Controls Inc., selling the company to Netherlands-based Kendrion NV. Terms of the deal were not released. FAS Controls is a maker of electromechanical devices, pneumatic control valves and lighting products used in commercial vehicles, diesel engines, powersport vehicles, and construction & agricultural equipment. IOP acquired the Company from Honeywell International in February 2007.
Australian private equity firm Pacific Equity Partners on Tuesday baulked at sweetening its A$711 ($730 million) offer for cleaning services company Spotless Group, raising the prospect it could walk away from the bid, writes Reuters. Spotless said on Monday it would recommend an offer from PEP and allow due diligence only if the buyout firm […]
KKR has made a buyout approach to Australian underwear manufacturer Pacific Brands that a newspaper said could be worth $614 million, boosting its shares 20 percent and sparking talk other firms could attract similar offers, writes Reuters. Pacific Brands said it was considering the unsolicited offer from the US private equity firm, but that talks […]
Institutional investor to the global energy sector EIG Global Energy Partners will provide up to $200,000,000 in senior secured notes to finance well development costs for Intervention Energy. Founded in 2007 by Minot native John Zimmerman, Intervention Energy is a non-operating oil and gas exploration and production company focused on North Dakota and Montana. PRESS […]
Thoma Bravo has acquired Telestream, a provider of video transcoding and digital media software solutions. Financial details were not disclosed. Telestream’s co-founder and CEO, Dan Castles, will continue to serve as CEO for the company. PRESS RELEASE Thoma Bravo, a leading private equity investment firm, has completed the acquisition of Telestream(R), the leading provider of […]
KKR Eyes the Pacific (Brands, that is) Christie Goes Jersey-style on foes Is Airbnb pissing landlords off? Now it is time for Ultrabook! peHUB’s crazy-ass press release of the day! Say No to Buyout Bashing: Private Equity Growth Capital Council starts web-based campaign aimed at political commentators Anyone for Donuts? Malaysia-based Navis Capital Partners sells Dunkin' donuts and Au Bon Pain Rabbiting On: TaskRabbit burrows further into New York A Shrinking Market: Economic crisis to blame for poor venture figures Say Cheese! Olympus sues execs over scandal No Way Jose! Pacific Equity Partners baulks at sweetening Spotless bid Play On: Gaming going strong for Sony's PlayStation Research Flash! Partners Group explains private equity's outperformance in difficult times
Canaan Partners, the international venture capital firm, has raised $600 million for its ninth VC fund. According to a statement from the firm, the fund will be split among Internet and tech investments and healthcare, life sciences and biotech deals in the US, India and Israel. Additionally, Canaan will have a small personnel shakeup as […]
(Reuters) – At restaurants, at movies and at the office, checking Facebook has become a regular habit for many of the Internet social network’s more than 800 million users. Now that habit has reached a new frontier: the automobile. Mercedes-Benz USA is bringing Facebook to its cars, with a special version of the service that […]
TouchPoint Print Solutions, which is backed by Huron Capital Partners, has bought Ginny's Printing. Financial terms weren't announced. GE Antares, Citizens Bank, and NXT Capital provided senior debt financing for the transaction, while Midwest Mezzanine and Capital Point Partners provided mezzanine financing. Austin-based Ginny's provides print and document process outsourcing services.