Publicly traded Community Health Systems Inc. has acquired substantially all of the assets of Moses Taylor Health Care System, a privately held company based in Pennsylvania. Terms of the deal, which closed January 1, were not released.
Prospect Capital Corporation has provided $31.1 million of senior secured debt to VanDeMark Chemical, a specialty chemical manufacturer located in Lockport, New York. VanDeMark is owned by an affiliate of Buckingham Capital Partners, a lower-middle-market private equity firm. PRESS RELEASE Prospect Capital Corporation PSEC -0.43% (“Prospect”) announced today that Prospect provided $31.1 million of senior […]
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Los Angeles-based private equity firm The Gores Group has signed an agreement to acquire The Hay Group, a European manufacturer of high precision forged and machined components for engines, gearboxes and axles for the automotive, commercial vehicle and bearing industries. Terms of the transaction were not disclosed. PRESS RELEASE The Gores Group, a leading Los […]
Latin American pension fund provider GRUPO SURA has completed the acquisition of ING Group´s assets in Latin America, as initially announced on July 25 of this year. Global investor in growth companies General Atlantic will also take part in the deal with an investment of $300 million, joining Grupo Bolívar, IFC and Bancolombia. PRESS RELEASE […]
Stamford, Conn.-based Olympus Partners has acquired US restaurant and Pizza Hut franchisee NPC International. The company operates 1,153 Pizza Hut units (approximately 19 percent of the domestic system) in 28 states with significant presence in the Midwest, South and Southeast. The investment in NPC is Olympus’ eighth investment out of its $1.5 billion fifth fund. […]
Sun European Partners is to acquire Tarragona, Spain-based ELIX Polymers from Styrolution Group. ELIX Polymers manufactures plastics for high-end consumer goods, consumer electronics, medical devices and automotive dash-boards. Based in Tarragona, Spain, ELIX Polymers PRESS RELEASE Sun European Partners, LLP (“Sun European Partners”), the European adviser to Sun Capital Partners, Inc., and Styrolution Group GmbH, […]
Granite City Food & Brewery has acquired the assets of three Cadillac Ranch All American Bar & Grill restaurants for approximately $3.3 million. The company also acquired certain Cadillac Ranch intellectual property from Restaurant Entertainment Group for approximately $1.5 million. Fifth Third Bank provided a $5.0 million delayed draw term loan, which Granite City drew […]
Sears Holdings Corporation (Holdings) has completed its previously announced spin-off of its interest in Orchard Supply Hardware Stores Corporation. Orchard is now independent from Holdings and its Class A Common Stock will begin trading on Jan. 3, 2012 on the NASDAQ Capital Market. Holdings will continue to be listed on the NASDAQ Global Select Market. […]
Indian financial services company Religare Enterprises said private-equity firm Jacob Ballas would invest 2 billion rupees ($38 million) in its non-banking financial unit to help expand its business, wrote Reuters. Jacob Ballas will invest in Religare Finvest in the form of compulsory convertible preference shares, Religare said in a statement on Monday. (Reuters) – Indian […]