NEW YORK (Reuters) – Ashland Inc (ASH.N), the chemical maker and Valvoline brand owner, is looking to sell its chemicals and plastics distribution business and has hired Bank of America (BAC.N) to advise on the possible sale, according to several sources familiar with the matter. The business has brought in around $73 million in adjusted […]
It's Thursday and we have another media deal. peHUB has learned that Hoffman Media, which publishes “Cooking with Paula Deen,” is up for sale. Birmingham, Ala.-based Hoffman specializes in magazines that cater to women. Their titles include “TeaTime,” “Southern Lady," “Just CrossStitch” and “Sew Beautiful Quarterly.” Hoffman is best known for its magazine focused on Deen, who is the host of three shows on the Food Network, including Paula’s Home Cooking. All of Hoffman Media was put up for sale in April with indications of interest due a few weeks ago, sources said. It is not clear what the company will fetch. DeSilva + Phillips and McColl Partners are advising on the process. “Paula Deen is a good property,” says a buyout exec. “It’s a huge success for the company.”
Red Ventures, a Fort Mill, S.C.-based provider of online marketing services, has raised an undisclosed amount of growth equity funding from General Atlantic.
Arta Capital and L Capital Partners have agreed to acquire a 27.9% stake in Pepe Jeans, for €85 million. Sellers include Spanish private equity firm Torreal and Pepe management, which will end up holding 31% and 30% of the company, respectively.
(Reuters) – Viom Networks, previously known as Quippo-WTTIL, said on Wednesday SBI-Macquarie Infra Fund has bought about 11 percent stake in the firm for $304 million. SBI-Macquarie Infra Fund bought the stake from Quippo Telecom Infra, the firm said in a statement. Viom Networks, a joint venture between India’s Tata Tele and Quippo Telecom, was […]
Barilla has agreed to sell Kamps, a German bakery chain, to ECM Capital Management. No financial terms were disclosed. www.ecm-pe.de
North American Breweries Inc., a portfolio company of KPS Capital Partners, has acquired Independent Brewers United Inc., a craft brewer responsible for the Magic Hat brand. No financial terms were disclosed.
The Coding Source LLC, a Los Angeles-based provider of clinical coding, audit and compliances services to health plans and healthcare providers, has secured an undisclosed amount of growth equity funding from Parthenon Capital.
New Century Transportation Inc., a Westampton, N.J.-based motor carrier, has filed for a $120 million IPO. It plans to trade on the Nasdaq, with Wells Fargo Securities and Stifel Nicolaud Weisel serving as co-lead underwriters. The company reports a net loss of $5.14 million for 2009, on $229 million in revenue. Shareholders include Jefferies Capital […]
LOS ANGELES (Reuters) – Bookseller Barnes & Noble Inc (BKS.N) is in talks with Ronald Burkle’s investment firm to end the billionaire’s lawsuit and avoid a potential fight over the company’s board, a source with knowledge of the talks told Reuters late Wednesday. A settlement could be announced soon, possibly within the next 24 hours, […]