Freeman Spogli & Co. has acquired Brooks Equipment Co. from Behrman Capital for an undisclosed amount. Brooks is a Charlotte-based wholesale distributor of first response fire protection equipment and related parts.
NEW YORK, Aug 2 (Reuters) – Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data. The $30.5 billion that new issues raised globally in July was the most since November 2007 and exceeded the amount raised by […]
It's official. The Washington Post Co. late Monday announced that they are selling Newsweek to Sidney Harman, the man who made his fortune selling stereo equipment. Terms of the deal were not announced but the Washington Post Co. said it will retain the pension assets and liabilities and certain employee obligations. Harman has said he will retain 250 of Newsweek’s 325 employees. It’s not clear what Harman will be paying although the New York Times, quoting one source, says he will pay $1 in exchange for absorbing Newsweek’s considerable financial liabilities.
Aspen Surgical Products, a portfolio company of RoundTable Healthcare Partners, has bought the Bard-Parker surgical blades and scalpels business from Becton, Dickinson and Co. As part of the deal, Aspen acuqired a plant in Las Piedras, Puerto Rico. Financial terms were not announced.
We finally know who the mystery bidder is for Modern Luxury. According to the New York Post, the Dickey Family, which controls Cumulus Media, is near a deal to buy the magazine publisher. Last week, peHUB reported that one of the two bidders for Modern Luxury was a radio owner with some publishing assets. We ruled out Jeffrey Smulyan of Emmis Communications. In truth, I was told it could be Cumulus but I didn’t have enough to go with.
Sonneborn, a Sun Capital Partners affiliate, has bought the natural sodium sulfonate and oxidized petrolatum businesses of Chemtura Corp. Inc. The U.S. Bankruptcy Court of the Southern District of New York has approved the sale to Sonneborn.
Boomerang Systems Inc., a maker of automated parking systems, has completed the sale of a $7 million private offering of securities to a group of private equity investors. The offering was for the sale of 28,000,000 shares of the Company's Common Stock, $0.001 par value, and an equal amount of Common Stock Purchase Warrants to purchase shares of common stock.
strong>Energy Holdings International Inc. and Wasatah Capital of Riyadh, Saudi Arabia have agreed to form a special purpose corp. with an initial capital of $50 million that will be used to fund oil and gas and energy power acquisitions within the Americas, Middle East and South East Asia regions.
Saratoga Investment Advisors, an affiliate of Saratoga Partners, has bought a minority stake in GSC Investment Corp. via a $55 million recapitalization. Saratoga, CLO Partners and certain individuals bought 9.9 million shares of GSC Investment Corp. for $1.52 per share for about 37%. The recap includes a $40 million senior secured revolving credit facility from Madison Capital Funding LLC. GSC Investment Corp. will now be known as Saratoga Investment Corp., senior managers of the business were replaced and a new NYSE stock ticker symbol, SAR, was adopted, according to the statement.
Great Hill Partners has committed a $100 million to Credibility Corp., a privately-held company based in Los Angeles. Great Hill Partners has also funded Credibility Corp.'s recent buy of Credit-on-Self division, also known as the Self Awareness Solutions (SAS) operating unit, of D&B. Additional terms of the deal were not announced.