Sharpen Your Spikes: DC softball pits regulators against each other Here Comes Dov: American Apparel to team with eBay Playing the Blame Game: Obama, Boehner, can’t seem to play nice like Goodell, Brady More PE in Asia: KKR-backed Intelligence continues to grow
New York-based private equity firm New Mountain Capital has acquired a majority stake in SNL Financial, a Charlottesville, Va.-based provider of sector-focused information services on the banking, financial services, insurance, real estate, energy, and media industries. Terms of the deal were not released.
Sun Hung Kai & Co., which is backed by CVC Capital Partners, is mulling a sale of its SHK Financial unit, a brokerage and wealth management business, Reuters reported. No details were released, though Reuters reported that the company had held “informal discussions” with potential buyers. CVC agreed last year to buy up to 19% of Sun Hung Kai, paying about $275 million.
Intelligence, a Japanese staffing company owned by Kohlberg Kravis Roberts & Co., has acquired Hong Kong-based Staff Management Consultancy Ltd., Reuters reported. KKR acquired Intelligence in 2010. Terms were not released.
Apax Partners has acquired the buffet-style Golden Jaguar restaurant chain, based in Shanghai, China. Located in eight cities across China, the restaurants are giant – roughly the size of a football field – and are often the anchor store for large shopping malls. Terms of the deal were not released. Credit Suisse advised Apax on the transaction.
Why doesn’t Bojangles have a New York location? Known for its fried chicken, dirty rice and homemade biscuits, Bojangles at one time did have a Manhattan store, says Marc Oken, cofounder of Falfurrias Capital Partners. In September 2007, Falfurrias led an investor group to buy Bojangles in a deal valued at more than $200 million. […]
Innovalight has been acquired by DuPont’s electronics and communications unit, according to a statement announced by the companies. Innovalight builds low-cost solar modules. Its backers include ARCH Venture Partners, Apax Partners, Sevin Rosen, Silicon Valley Bank and Convexa Capital Ventures.
Bigshoebazaar, the South Asian wholesaler of retail goods, received a Rs 40 crore investment from Catamaran Ventures and Nexus Venture Partners in its second round of funding. Specifics of the transaction were not publicized.
UBS has named Barclays veteran Michael Konigsberg its head of leveraged finance. Konigsberg also spend 23 years at Lehman Bros. He will report to Brendan Connolly, global leveraged finance head with UBS.
It looks like JLL Partners will be exiting C.H.I. Overhead Doors after nearly seven years. Friedman Fleischer & Lowe is buying C.H.I. Overhead, a garage door maker, according to Standard & Poor's LCD. Friedman Fleischer is in the market for a $203.5 million loan to back its by of C.H.I., LCD said. GE Capital and Wells Fargo are financing the deal, Thomson Reuters Loan Pricing Corp. said. The Deal, which reported the C.H.I sale last week, said the transaction was valued at roughly $290 million.