Vestar is selling Solo Cup after more than seven years and is expected to make $38 million on its minority stake.
Sealy Corp. defended on Friday private equity firm KKR & Co., its largest shareholder, against a hedge fund’s allegations of mismanagement and conflicts of interest that have led to the mattress maker losing 90% of its market value, Reuters wrote Friday. In a letter to Sealy earlier this month, H Partners Management, which has a […]
Berry Plastics Group, which is backed by Apollo Global Management, has filed with U.S. regulators on Friday to raise up to $500 million in an initial public offering of its shares, Reuters reported Friday. The Evansville, Indiana-based company makes plastics used to make containers and bottles to package food items and medicines among other things. […]
Italian private equity funds Palladio and Sator said on Thursday they were extending to April 30 the deadline for their offer to rescue insurance group Fondiaria-SAI, to give more time for their proposal to be assessed, Reuters reported. Palladio and Sator, whose offer was scheduled to expire on March 22, are challenging a rival plan […]
Israel’s Objet Ltd, which makes 3D printers, filed with U.S. regulators on Thursday to raise up to $75 million in an initial public offering, Reuters reported. The company, backed by former Goldman Sachs partner Roy Zuckerberg and Samson Capital, said it has applied to list its shares on the Nasdaq under the symbol ‘OBJT.’ (Reuters) […]
PRIMEDIA, a private equity-backed resource for apartment and rental home listings, will acquire Rent.com from eBay Inc. Terms of the transaction were not disclosed. The deal is expected to close during the second quarter. TPG Capital acquired PRIMEDIA in mid-2011. PRESS RELEASE PRIMEDIA, a premier renter resource for apartment and rental home information and listings, […]
Distribution International, an Audax Group portfolio company, has completed the acquisition of IDC Corporation. IDC is a New York-based distributor of mechanical insulation, abatement, fire stopping, and safety products. Terms of the deal were not released. PRESS RELEASE Distribution International, an Audax Group portfolio company, has completed the acquisition of IDC Corporation (“IDC”). Headquartered in […]
Korea Life Insurance said on Friday that it has placed a final bid for a controlling stake worth about $875 million in Tong Yang Life Insurance Co Ltd., Reuters reported. Private equity firm Vogo Fund is seeking to sell an up to 60.7% stake in Tong Yang, worth about 989 billion won ($875.61 million) at […]
peHUB's Friday First Read comes with Monster linking out, Congress playing fair, and student debt growing (and growing and growing...)
Krystal Co., which is known for its sliders, has found a buyer in Argonne Capital Group.