Lexington Partners, the largest dedicated secondary private equity manager, closed its seventh fund at $7 billion, the investor revealed. LCP VII has been formed with commitments from over 200 institutional investors, including public and corporate pension funds, sovereign wealth funds, financial institutions, endowments, foundations, and family offices.
Chicago-based middle market private equity firm Wind Point Partners acquired Rupari Foods, maker of pre-cooked and ready to eat ribs sold at retailers and through Tony Roma’s and Butcher’s Prime brands. Wind Point acquired Rupari in partnership with former Sara Lee Foods CEO Bob Kopriva and John Rice, who will serve as active co-chairmen, and Rupari’s CEO Robert Mintz. Paul Peitzsch will join as CFO. Specifics on the transaction were not publicized. Senior debt for the transaction was provided by GE Antares, a unit of GE Capital, Fifth Third Bank’s Food & Agribusiness Group and SunTrust Robinson Humphrey. DLA Piper LLP acted as the legal advisor to Wind Point. Greenberg Traurig, LLP served as legal advisor to Rupari Foods.
GGC Software Holdings, an affiliate of San Francisco-based private equity firm Golden Gate Capital, and privately held business software maker Infor have completed the acquisition of Lawson Software. At $11.25 per share, the deal valued enterprise software maker Lawson at roughly $2 billion. The deal was first announced in April.
SUN VALLEY, Idaho, July 5 (Reuters) – Media and technology moguls gather in Idaho this week to once more debate a shift to a digital world, but the talk this year will finally focus on how to make money off it. Unlike in years past, this year’s attendees at the Allen & Co conference in […]
Insight Communications Co., which is controlled by The Carlyle Group, received final bids for the company and will probably choose a buyer this month, Reuters reported, citing news in the Wall Street Journal. Bidders for the cable operator include WideOpenWest and Mediacom Communications. The final bids were reportedly more than $3 billion, the Journal reported.
Well, That’s Good News! Pace of layoffs slows Dealing: Compuware buys dynaTrace Subsidized: Foods the government pays you to eat Yikes: Futures slip on China rate move
W. P. Carey, though one of its publicly held non-traded REIT affiliates, paid $86 million to acquire a 24-property portfolio of self-storage facilities from A-American Self Storage, the investment firm announced Wednesday. The facilities are in California, Illinois and Hawaii. W.P. Carey made its first self-storage investment in 2004, when it paid $312 million for […]
Chicago-based private equity firm Lake Capital Management has acquired the global market research firm ORC International from Infogroup. Terms of the deal were not released. The deal is the latest in a string of changes at Infogroup, including a company structure more focused on its core business, and new hires across the company. ORC International was acquired by Infogroup in 2006. UPDATE: Reed Phillips of Desilva + Phillips provided financial advice to Lake Capital.
Berkshire Hathaway has joined the group bidding for Citigroup's consumer lending unit OneMain, formerly known as CitiFinancial, Reuters wrote Wednesday, citing a report in the Wall Street Journal. Buffett’s company joins a consortium consisting of private-equity firm Centerbridge Capital Partners and Leucadia National Corp. OneMain is expected to fetch more than $8 billion, Reuters reported.
European buyout shop IK Investment Partners is acquiring the French food ingredient manufacturer Savena from Azulis Capital and Céréa Capital. Terms of the deal were not released. The deal is expected to close within four weeks. Azulis Capital and Cerea Capital bought Savena in 2007.