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.
German publisher Axel Springer said on Tuesday it had signed a deal with General Atlantic which will see the U.S. private equity firm take a 30% stake in its online classified advertizing business, Reuters reported. General Atlantic will pay Springer 237 million euros ($313.6 million), and provide a 460 million euro loan. (Reuters) – German […]
New York-based private equity firm Arsenal Capital Partners said Tuesday that it will acquire the global colorants business from Evonik Industries. Terms of the deal were not released. The deal is expected to close in April. PRESS RELEASE Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle-market specialty industrial, healthcare, […]
Private equity fund Equinox said on Tuesday it was interested in buying an “important” portion of the 15% stake in Banca Monte dei Paschi di Siena that its core shareholder is selling, Reuters reported Tuesday. The Monte dei Paschi banking foundation that owns 49% of Italy’s No. 3 lender is selling a stake of up […]
UK mid-market specialist Investec Growth & Acquisition Finance has provided the debt facility to support the buyout of 2M Holdings Limited, the owner of chemicals distribution businesses Surfachem and Banner Chemicals, by chairman and co-founder Mottie Kessler. 2M is headquartered in Runcorn and operates from Halifax, Leeds, Middlesbrough and Liverpoo. The company was formed in […]
Mannington Mills has bought Amtico International, which is a portfolio company of AAC Capital Partners. Financial terms were not announced. Amtico, of Coventry, England, makes luxury vinyl flooring products. PRESS RELEASE In a move that broadens its U.S. manufacturing base and global reach, flooring manufacturer Mannington Mills announced today that it has acquired Amtico International, […]
Superior Capital Partners has bought Delta Technologies. Financial terms weren’t announced. The deal is an add-on for portfolio company Nelson-Miller. Chicago-based Delta Technologies graphic overlays and membrane switches. PRESS RELEASE Superior Capital Partners LLC, a Detroit-based private equity firm, announced today that it has acquired the assets of Delta Technologies as an add-on acquisition to […]
Raybestos Powertrain, which is backed by private equity firm Sun Capital Partners, has been acquired by Monomoy Capital Partners, the firm announced Monday. Terms of the deal were not released. Raybestos Powertrain will be combined with Monomoy portfolio company Steel Parts Manufacturing Inc. Raybestos Powertrain is based in Crawfordsville, Indiana. PRESS RELEASE Sun Capital Partners, […]
PLATO Learning, a portfolio company of Thoma Bravo, will acquire listed Archipelago Learning, the companies announced Monday. PLATO will pay $11.10 per share in cash, representing an equity value of approximately $291 million. The deal represents a premium of 23% to Friday’s closing price. Archipelago Learning is a subscription-based, software-as-a-service provider of education products. PRESS […]
Econ EQT Investment has offered to buy Singapore-listed China Healthcare Ltd., a company that owns and manages medicare centres and nursing homes in Singapore and Malaysia, Reuters reported Monday. Econ EQT Investment is 51% owned by Econ Investment Holdings. Hemma Holding Ltd, controlled by a group of private equity funds, holds the remaining 49%. (Reuters) […]