Austin Ventures has acquired creative agency Exopolis for an undisclosed amount.
Lee Equity Partners has completed its acquisition of pizza chain Papa Murphy’s International from Charlesbank Capital Partners. The deal reportedly is worth around $180 million, which represents a 10x EBITDA multiple. PRESS RELEASE Papa Murphy’s International announced the completion of its sale to New York-based Lee Equity Partners. Its previous owner was Charlesbank Capital Partners […]
TORONTO (Reuters) – Finning International (FTT.TO: Quote, Profile, Research) the world’s largest Caterpillar (CAT.N: Quote, Profile, Research) equipment dealer, said on Wednesday it sold its British equipment rental business for 110.2 million pounds ($166 million) to an affiliate of Sun European Partners LLP. Finning said it would use proceeds from the sale of Hewden which […]
Spire Capital Partners has acquired Rainbow Early Education, a provider of early education services for children in the Eastern, Midwestern and Southern U.S. The deal was done in partnership with company management. No financial terms were disclosed.
WELLINGTON/HONG KONG (Reuters) – New Zealand’s Telecom Corp (TEL.NZ) is in negotiations to sell its Australian subsidiary AAPT to TPG Telecom (TPM.AX), which has bid about $400 million for the company, a source told Reuters. TPG was selected as Telecom’s preferred bidder after its offer for AAPT trumped three other bids, a source close to […]
Newsweek On The Block: Jon Meacham, the magazine's publisher, may buy the magazine. (WSJ) Also, Business Insider has somewhat insultingly (or not?) bid $1 for the title. (Business Insider) Taking Full Responsibility: Jimmy Cayne, an adult, blamed "market forces" for Bear Stearns' collapse. (Bloomberg) Don't Want an MBA? Here are some business school alternatives. (FINS) Suit Happy: CalPERS is free to sue S&P silly. (Dealbook) The $2.3 Trillion Garage Sale: Can the Fed unload all the assets it acquired during the meltdown without crashing Wall Street again? (Slate)
COPENHAGEN (Reuters) – Danish ambulance and rescue services group Falck will announce details of its planned public offering of stock within a week, ahead of a listing by fellow Danish company Chr Hansen, sources familiar with the deal said on Wednesday. Falck said on April 22 it was exploring a stock offering and listing on […]
A few months back, I asked you to participate in our bi-annual Dealmakers Survey, which is done in conjunction with the Association for Corporate Growth (ACG). We got over 680 responses, including GPs, bankers, lenders and LPs. The top-line results reflect increased optimism, which 85% of respondents expecting an increase in M&A activity over the next six months. They also said it’s a buyer’s market. For context, only 56% predicted increased M&A activity in the year-ago survey. Respondents said that healthcare and manufacturing/distribution would experience the most activity with 20% each, followed by financial services (13%) and technology (12%). Digging a bit deeper, business services is considered the sector with the best opportunities for future buyouts, while manufacturing/distribution will be best for distressed.
Providence Equity Partners has agreed to acquire a 25% equity stake in online automotive shopping site AutoTrader.com, a subsidiary of Cox Enterprises Inc. No financial terms were disclosed. Cox was advised on the sale by Goldman Sachs.
Douglas Dynamics Inc., a Milwaukee-based maker of snow plows and salt spreaders for light trucks, raised around $112.5 million in its IPO. The company priced 10 million shares at $11.25 per share, compared to an original price range of between $14 and $16 per share (it amended the range to $11.25-$11.75 per share prior to […]