In 2010, Thoma Bravo, Ontario Teachers' put $280 mln equity into their buy of SonicWall. Today, Dell said it was acquiring SonicWall in a deal valued at $1.2 billion.
New York-based private equity firm Bruckmann, Rosser, Sherrill & Co. has sold its convertible preferred stock investment in publicly traded Ruth’s Hospitality Group Inc. Ruth’s Hospitality repurchased the stock in a transaction valued at $60.2 million, the firm announced Tuesday. The firm realized a gross multiple of invested capital of approximately 2.6x, and a gross […]
RTI International Metals Inc., a supplier of advanced titanium mill products and fabricated components, has acquired private equity-backed Remmele Engineering Inc., a provider of precision machining and collaborative engineering for the aerospace, defense and medical device sectors. RTI paid $182 million for the company, which it acquired Remmele from the private equity firm Goldner Hawn […]
China and Singapore-based Gobi Partners said that it has exited its minority stake in CIB Development, an online operator of games in Malaysia and Singapore. The buyer was publicly traded gaming firm Asiasoft. Gobi says the deal achieved a 60% IRR for its Gobi Singapore Fund. PRESS RELEASE Gobi Partners, a venture firm based in […]
Thoma Bravo is selling portfolio company SonicWALL Inc. to Dell Inc. for an undisclosed amount. No terms were released. SonicWALL is a provider of IT security and data backup and recovery technology. Thoma Bravo led an investor group that includes Ontario Teachers’ Pension Plan in the 2010 acquisition of SonicWALL, formerly a public company. PRESS […]
Apollo Global Management is paying about $703 million, including debt, to buy the operator of indoor water park resorts Great Wolf Resorts, Reuters wrote Monday. The $5 a share offer is a 19% premium to Great Wolf’s Monday closing price. (Reuters) – Private equity firm Apollo Global Management (APO.N) said its affiliate will buy the […]
Palm Beach Gardens, Florida-based TBC Corp. is taking aftermarket auto repair chain Midas Inc. private in a $173 million cash deal, Reuters reported Tuesday. TBC’s offer of $11.50 per share represents a 28 percent premium to the stock’s closing price of $8.99 on Monday. (Reuters) – Midas Inc., an auto aftermarket repair chain, said it […]
Athens, Greece-based Safe Bulkers, an international provider of marine drybulk transportation services, is planning an IPO. The company plans to use the net proceeds of the listing for vessel acquisitions, capital expenditures and for other corporate purposes, which may include repayment of indebtedness. PRESS RELEASE Safe Bulkers, Inc. (the “Company”) SB -7.97% , an international […]
Sverica International has invested in Bartech Group. Financial terms weren’t announced. Bartech is a professional services firm that provides workforce solutions to global firms. David W. Barfield was also named president, CEO and Chairman of Bartech’s board of directors. He succeeds Jon Barfield. PRESS RELEASE Michigan-based Bartech Group (Bartech) announced Friday it has received an investment […]
SafeNet, which is backed by Vector Capital, has acquired Cryptocard. Financial terms weren’t announced. Cryptocard provides cloud-based authentication solutions. PRESS RELEASE In a transaction that will significantly broaden and deepen the authentication and cloud-based services it offers to clients, SafeNet, today announced that it has acquired Cryptocard, a privately held leader of cloud based authentication […]