Finland’s state investment agency Solidium has bought a 5.1 percent stake in mining technology company Outotec for an average 39.10 euros per share and may increase its stake, Reuters reported Wednesday. The total investment was around 91 million euros ($119 million), Solidium said. (Reuters) – Finland’s state investment agency Solidium has bought a 5.1 percent […]
Private equity group Weinberg & Bell Group has acquired Londonderry, New Hampshire-based AeroRepair and Hemico. The business was purchased for an undisclosed price. Financing for the transaction was provided by the current senior lender, TD Bank, and Huntington Capital Investment Company based in Columbus, Ohio. PRESS RELEASE Weinberg & Bell Group (“WBG”) announced today the […]
Canadian mid-market firm Signal Hill Equity Partners has acquired C&V Portable Accommodations via a management buyout transaction. The business is an Alberta-based oilfield services provider that specializes in oil and gas wellsite portable accommodations, remote offices and dedicated geology/engineering labs. PRESS RELEASE Signal Hill Equity Partners (“Signal Hill”) announced today that it has acquired, along […]
Wednesday morning's peHUB inspects PE's ongoing relationship with retail, R. Allen Stanford getting his, and tragedy in the UK.
New York-based specialty finance group Abacus Finance has provided $16 million in senior cash-flow financing to support the leveraged buyout of Industrial Magnetics, Inc by Chattanooga-based River Associates Investments. Headquartered in Boyne City, Michigan, IMI provides permanent magnets and electromagnets for lifting, fixturing, conveying and magnetic separation. PRESS RELEASE Abacus Finance Group, LLC (Abacus), a […]
Brown Gibbons Lang, a middle-market investment banking firm, and the M&A advisory firm Global M&A, advised Italian lighting tower producer Tower Light on its majority stake sale last month to Ambienta, a private equity group that is based in Milano, Italy and focused on the environmental sector. Ambienta acquired 82 percent of the outstanding shares of […]
Siemens Enterprise, backed by the Gores Group, may go public this year.
Buyout shops Bridgepoint, CVC and Global Investment House are reportedly interested in buying a controlling stake in Turkish hosiery maker Penti, Reuters wrote Tuesday. Penti has mandated Pragma Corporate Finance as advisors for the sale. (Reuters) – Private equity funds including Bridgepoint, CVC and Global Investment House are among investors interested in buying a majority […]
The IT services arm of Indian steel-to-oil conglomerate Essar Group is in talks to raise $500 million to $600 million through a U.S. initial public offering and the sale of a stake to private equity firms, Reuters reported Tuesday. Essar’s Aegis Ltd. is in talks with private equity investors including U.S.-based Warburg Pincus and General […]
Bain & Co.--no relation to Bain Capital, in case you've heard otherwise--has a few things to say about private equity. And some of them could cause industry pros to cringe.