Only after a portfolio is fully realized can we conclusively pinpoint how the fund performed.
Dutch cable company Ziggo‘s owners could bank 745 million euros ($989 million) from the sale of a 20% stake this month, in an initial public offering, Reuters reported. The offering, in which no new shares will be sold, will see Ziggo’s majority owners — private equity firms Cinven and Warburg Pincus — selling part of […]
Milwaukee-based private equity firm Mason Wells has completed its acquisition of Pacon Corp., a marketer of consumable school supplies and art paper. The terms of the deal were not disclosed. Greene Holcomb & Fisher served as the financial advisor to Pacon’s owners in the transaction. PRESS RELEASE Greene Holcomb & Fisher (“GH&F”) is pleased to […]
Palo Alto Networks, a security software maker, hired Morgan Stanley, Goldman Sachs and Citigroup to lead its initial public offering, which is expected this year, Reuters reported Thursday. The technology company, which has about $700 million in annual revenue, picked banks that are its largest financial customers to underwrite its IPO, Reuters said. (Reuters) – […]
Heckmann Corp. said Thursday that it has agreed to buy Thermo Fluids from CIVC Partners. Terms of the deal call for Heckmann to pay $245 million in cash and stock. Thermo Fluids is a route-based environmental services and waste recycling solutions company that focuses collecting and recycling of used motor oil. CIVC, a Chicago PE […]
AT&T Inc. is in talks to sell a stake in its Yellow Pages business to private equity firm Cerberus Capital Management LP in a deal that would value the entire telephone directory business at $1.5 billion, according to a Bloomberg report, Reuters wrote Thursday. (Reuters) – AT&T Inc. is in talks to sell a stake […]
Atlanta-based Mueller Water Products is selling U.S. Pipe, which makes pipes, fittings, valves, hydrants and related products, to the Chicago-based private equity firm Wynnchurch Capital for $89.8 million in cash, subject to post-closing adjustments. Comvest Group, a private equity firm based in West Palm Beach, Florida, is helping to shepherd the transaction. PRESS RELEASE: Mueller Water […]
The firm's high-risk, high-reward strategy appears to have paid off with its investment in Fluid Routing Systems, which it bought in 2007 and guided through a 2009 bankruptcy.
Germany’s E.ON, the world’s largest utility, has launched the sale of its waste energy unit E.ON Energy from Waste, in a deal that could fetch up to 1.8 billion euros ($2.4 billion), Reuters said on Thursday. E.ON has hired Barclays and Royal Bank of Scotland to manage the sale process, Reuters said. (Reuters) – Germany’s […]
Payment processor Vantiv Inc., which is owned by Fifth Third Bancorp and buyout firm Advent International, expects to raise about $461 million from its initial public offering, potentially valuing the payment processor at about $3.6 billion, in what is still an uncertain IPO market, Reuters reported. The IPO is being underwritten by 11 investment banks, […]