Bain Capital, Boston-based private equity firm, will acquire Medtronic Inc.’s Physio-Control, a provider of emergency medical response technology. The deal is worth $487 million. Non-equity financing for the transaction is being provided by Citigroup Global Markets Inc. and RBC Capital Markets. Goldman Sachs is acting as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP as legal advisor to Medtronic. Citigroup Global Markets Inc. and RBC Capital Markets are acting as financial advisors and Kirkland & Ellis as legal advisor to Bain Capital.
Second round bids for British grocer Iceland Foods are expected early next year, Reuters reported. Private equity groups Bain, BC Partners, Blackstone and TPG all submitted first round bids, as did supermarket groups Asda and Wm Morrison Supermarkets, Reuters wrote.
Buyout firm Platinum Equity will sell the San Diego Union-Tribune newspaper to MLIM LLC for an undisclosed amount, the firm announced Thursday. MLIM is owned by San Diego entrepreneur Doug Manchester. The deal is expected to close December 15. No terms were released. Platinum Equity is being advised by Evercore Partners on the sale of the Union-Tribune and MLIM is being advised by Roth Capital Partners.
Private equity-backed Woodstream Corp. has acquired the assets and certain liabilities of Iron Stop Inc., the company announced Thursday. Terms of the deal were not released. Iron Stop is a manufacturer of home and garden decor products. Woodstream is backed by Brockway Moran & Partners and Code Hennessy & Simmons.
Takin’ it UNDER the Streets! Occupiers hit the subway. peHUB cabs home. Joy in Whoville! The Christmas Tree Tax has been chopped down Unfriendlys: Bankruptcy sale of restaurant chain getting messy Lone Wolf: Man takes a shot at our Prez Let’s Hear it for Commissioner Laimbeer! NBA pros could form own league (that’s not so good for a couple PE folks)
Toward the end of the last decade, private equity firms were hungry for chicken. Really, really hungry for chicken. Falfurrias Capital Partners snapped up fried chicken & biscuits champ Bojangles. Sun Capital went out for Boston Market. And, Friedman, Fleischer & Lowe took home Church’s Chicken. At a time when the U.S. economy was pushing consumers downmarket - from Wal-Marts to the Dollar Store - PE firms wanted to be downstream. Thing is, says Tully Friedman, co-founder of Friedman Fleischer & Lowe, the same consumer that was increasingly likely to bring home more biscuits and birds is now likely to be doing more cooking at home and going out less frequently for dinner. “They were the last to get hit,” Friedman said of the ...
San Diego, Calif.-based DriveCam Inc., a developer of video-based driver safety technology, has sealed $85 million from buyout firm Welsh Carson Anderson & Stowe. The funds are aimed at supporting the acquisition of RAIR Technologies, a provider of regulatory compliance technology for DOT-regulated fleets.
(Reuters) – Private equity firms Advantage Partners, Bain Capital and Japanese financial company Orix Corp. have advanced to the final round of bidding for MBK Partners’ planned sale of software developer Yayoi, in a deal worth about $800 million, sources said. If successful, MBK’s exit from Yayoi would be Japan’s third-largest private equity deal this […]
Create your free online surveys with SurveyMonkey, the world's leading questionnaire tool.
It has been an interesting question at our Buyouts Texas conference in Dallas, whether the European single currency will survive the current crisis, and what its impact will be on dealmakers in the United States.
The management of Seitz Corporation and principals of private investment and management firm Andlinger & Company have acquired the business. Financial details of the transaction were not disclosed. The acquisition was supported by a senior loan facility from Berkshire Bank and mezzanine capital from Stonehenge Growth Capital and CMS Mezzanine Fund. PRESS RELEASE The management […]