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, […]
Arlon Group has inked a deal to buy a majority of Wholesome Sweeteners. Arlon is buying a portion of the stake held by Edward Billington & Son, one of Wholesome’s two historical shareholders. The PE firm is also buying all of the shares owned by Imperial Sugar Co. Billington will continue as an investor while […]
Lion Capital is buying men’s clothing maker John Varvatos Enterprises Inc. for an undisclosed amount, the company announced Thursday. The deal is expected to close during the second quarter of 2012. Terms were not released. Lion Capital will take a majority stake in the company with designer John Varvatos retaining an ownership position. PRESS RELEASE […]
Famed guitar maker Fender Musical Instruments Corp. filed Thursday to raise up to $200 million in an initial public offering, Reuters reported. Private equity firm Weston Presidio owns a 43% stake. J.P. Morgan, Baird, Stifel Nicolaus Weisel, William Blair & Company and Wells Fargo Securities would be underwriting the offering, Fender said in the filing. The […]
How do you make good news out of a year when dealmaking pros expect PE's taxation level to rise? One might turn to Monty Python for words of wisdom.
Sun Capital Parters said Wednesday that it has closed the sale of Del Monte Canada to ConAgra Foods. EG Capital Group also sold its minortiy stake in Del Monte Canada. The sale was announced in January. PRESS RELEASE Sun Capital Partners, Inc. (“Sun Capital,”) a leading private investment firm specializing in leveraged buyouts and investments […]
EPiServer, which is backed by IK Investment Partners, has acquired Mediachase. Financial terms weren’t disclosed. Los Angeles-based Mediachase designs and builds software for companies looking to streamline internal and external business activities. News of the deal was announced by Marcum Cronus Partners, which provided financial advice to Mediachase. PRESS RELEASE Marcum Cronus Partners LLC (Marcum […]