(Reuters) – Boston Private Financial Holdings Inc (BPFH.O) said it entered into an investment agreement with an affiliate of private equity firm Carlyle Group [CYL.UL], through which the bank holding company would raise about $6.3 million. Under the terms of the agreement, an entity controlled by Carlyle has agreed to purchase about 1.1 million shares […]
(Reuters) – U.S. buyout firm TPG is to buy British fashion retailer Republic in a deal worth about 300 million pounds ($445 million) from rival private equity house Change Capital Partners. Republic’s founders Tim Whitworth and Carl Brewins will continue to run the business and remain significant investors in the 105-strong chain, Change Capital said […]
Francisco Partners has amended the terms of its deal to acquire EF Johnson Technologies Inc. (Nasdaq: EFJI), an Irving, Texas-based provider of secure communications solutions to organizations that protect and save lives. The revised terms would pay out $1.50 per EF Johnson share, compared to an original purchase price of $1.05 per share. The total equity now would be valued at nearly $40 million.
Castle Harlan has completed its acquisition of IDQ Holdings Inc., an automotive aftermarket company focused on do-it-yourself automotive air conditioner repair, from Arsenal Capital Partners. The deal was valued at approximately $170 million, representing around a 30% IRR and 8x multiple for Arsenal.
ReSearch Pharmaceutical Services Inc., a Fort Washington, Penn.-based provider of clinical development services to the biopharmaceutical industry, has filed for a $100 million IPO. It plans to trade on the Nasdaq, with Jefferies & Co. serving as lead underwriter. The company reports around $224 million in 2009 revenue, up from $175 million in 2008. Its […]
Nordic Capital has acquired a 70% stake in SiC Processing AG, a German industrial recycling company, from Frog Capital and other investors. No sale price was disclosed. SiC Processing's founding family retains a 25% holding, while former lead investor Zouk Ventures retains a 5% stake.
Alpstar Capital has teamed with an undisclosed "industrial partner" to acquire Dutch cement company Cementum. No financial terms were disclosed, except that Rabobank provided debt financing.
(Reuters) – Landry’s Restaurants Inc (LNY.N) Chief Executive Tilman Fertitta’s $1.4 billion bid for the seafood restaurant operator received the support of a crucial shareholder on Sunday, the Wall Street Journal said, citing a person familiar with the matter. U.S. hedge fund Pershing Square Capital Management, which has control of just under 25 percent of […]
(Reuters) – India’s Anil Dhirubhai Ambani Group plans to sell a stake in Reliance Communications’ (RLCM.BO) telecoms tower unit to GTL Infrastructure (GTLI.BO) and a private equity investor, the Mint reported on Monday. The sale in Reliance Infratel will be through a combination of cash and stock, the paper said citing bankers, and would take […]
(Reuters) – Private equity firm CVC Capital Partners is close to agreeing a deal to buy a 30 percent stake in theme park operator Merlin Entertainments, the Financial Times reported in its Monday edition. CVC would buy the minority stake from Merlin’s existing shareholders, which include U.S private equity group Blackstone (BX.N), KIRKBI A/S, a […]