Harris Williams, an investment bank focused on middle-market transactions, announced today that it advised Niagara LaSalle Corp. on its pending sale to Optima Specialty Steel. Niagara, which makes cold finished steel bars, is a portfolio company of the private equity firm Kohlberg & Co. Optima Specialty Steel is a subsidiary of Optima Acquisitions, a U.S.-based investment […]
Hearthside Food Solutions, a large, privately held bakery, has acquired Roskam Granola, a co-manufacturing business that produces granola base and range of products, including bars, mixes, and granola nut clusters. Terms of the deal were not disclosed. Hearthside is a portfolio company of Wind Point Partners, which acquired the company in 2009 in partnership with […]
Machine Solutions, a Flagstaff, Ariz.-based maker of catheter, balloon, and stent devices, has received an undisclosed amount of funding from Forsyth Capital, a St. Louis-based middle market investor. The deal that gives Forsyth a majority stake in Machine Solutions. PRESS RELEASE: Machine Solutions Inc. (MSI) today announced that it has partnered with Forsyth Capital Investors, […]
Deutsche Bank said Tuesday that it is conducting a review of its global asset management business. This, of course, means that DB is considering selling its asset management business. A DB spokeswoman says all options are being considered for the business, including a sale or retaining some of the businesses. The review excludes DWS' franchise in Germany, Europe and Asia. But DWS Americas is part of the review, the DB spokeswoman says. What else is included --and could be up for grabs --are RREEF Alternatives, DB Advisors and Deutsche Insurance Asset Management.
(Reuters) – KKR and Japanese trading house Itochu Corp have joined forces in a roughly $7 billion bid for U.S. oil and gas group Samson Investment Co, in a rare link-up between a major private equity firm and a Japanese company. KKR & Co has been in exclusive talks to buy privately held Samson for […]
South Korea's Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering are each mulling bids for French engineering company GTT, Reuters reported Tuesday. The potential bids are estimated at about 1 billion euro ($1.3 billion). GTT's three shareholders -- GDF Suez, the world's biggest utility by market value, French oil company Total and U.S. private equity fund Hellman & Friedman -- are planning to sell their stakes, Reuters wrote.
A group led by JH Partners and the Highland Consumer Fund is acquiring a majority interest in J.McLaughlin, the company announced Tuesday. The Brooklyn-based clothing brand has 52 stores across the Eastern U.S. Terms of the deal were not released.
Aligned Asset Managers, a portfolio company of private equity firm GTCR, has completed its investment in The Townsend Group. Townsend is a specialty real estate advisory and investment firm. Aligned purchased a majority equity interest in Townsend, though specific terms were not released.
Is the Full Monti sufficient to avoid the next shoe falling in Europe or only to avoid the EEU giving Italy the boot? To his credit, Italy’s Mario Monti has formed a government that does not include any professional politicians, yet the huge per capita debt heaped on Italy coupled with a culture of tax […]
Toll Brothers Inc. has entered the Seattle market with the acquisition of CamWest Development, a privately held home building company. Terms of the deal were not released, though Toll Brothers said that the acquisition was a cash deal.