(Reuters) – Aeroflex Holding Corp filed with U.S. regulators on Tuesday to raise up to $500 million in an initial public offering of common stock. Plainview, New York-based Aeroflex provides radio frequency and microwave integrated circuits used in wireless communication systems. It said in its prospectus that its customers include Boeing Co (BA.N), Cisco Systems […]
Charts: Why California Pension Managers Shouldn't Be Allowed Near Money. (Paul Kedrosky) Investors ♥ Junk: They can't get enough of high yield bonds. (FT Alphaville) Feature: Private Equity ventures into China. (China Daily) Carried Interest 2.0: If most GPs strongly believe they're top-quartile performers, then does that mean we should change our performance fee equation to 10% carry below 2x? (Private Equiteer) No FUN for Apollo: The firm's deal to acquire Cedar Point has fallen apart on price. Shareholders asked for more; Apollo said no. All this is to say that one of the best stock ticker symbols out there-FUN-will remain afloat, for the time being at least. It remains to be seen if KKR's rumoured buyout of HOG (Harley Davidson) will steal away another good one. (peHUB)
Sun Capital Partners is in talks to sell weight-loss bar maker Elan Nutrition to ConAgra, according to an FTC filing. No financial information was disclosed, and a source says that the deal is not yet finalized. Sun sponsored a leveraged buyout of Elan Nutrition -- then known as Five Star Brands -- back in May 2003. The turnaround firm's initial outlay was around $18 million, including funds for capacity improvements that enabled Elan to begin producing upwards of 300 million bars
NEW YORK (Reuters) – Apollo Management’s $635 million takeover of theme park operator Cedar Fair (FUN.N) has collapsed due to lack of investor support, costing the company $6.5 million in fees, Cedar Fair said on Tuesday. The $11.50-a-share offer, made in December, was notable for being one of the few leveraged buyouts of last year […]
WestView Capital Partners has sponsored a recapitalization of Peerless Industrial Group Inc.; a Winona, Minn.-based manufacturer of chains, fittings, wire forms, tire chains wire rope and cordage. No financial terms were disclosed.
New Vitality, a Farmingdale, N.Y.-based direct marketer of premium nutritional supplements and personal care products, has raised an undisclosed amount of private equity funding from Baird Capital Partners.
Littlejohn & Co. has completed its acquisition of CTI Foods Inc. from CIC Partners. No financial terms were disclosed. CIC Partners formed CTI Foods in 2003, via the acqusition and merger of SSI Food Services and S&S Foods LLC from J.R. Simplot Company. The Wilder, Idaho-based company already had a processing facility in California, and later would […]
Duke Street has acquired a control position in the Marlin Group, a UK-based buyer and manager of consumer debt, with a focus on litigation-based recovery. No financial terms were disclosed.
Saban Capital Group and Lionsgate (NYSE: LGF) have signed an equal partnership to manage Tiger Gate, an operator of pay television channels and a distributor of television programming and films in Asia. No financial terms were disclosed. Lionsgate formed Tiger Gate in 2008.
SEOUL (Reuters) – U.S. fund Lone Star has sent teaser letters for sale of its $4 billion controlling stake in Korea Exchange Bank (004940.KS) to potential investors at home and abroad, Maeil Business Newspaper reported on Tuesday. Lone Star sent letters to some 50 overseas investors, including banks and private equity funds, and 5-6 local […]