Monomoy Capital Partners has acquired Casual Living USA Inc., a Tampa, Fla.-based women's apparel retailer. No financial terms were disclosed. Casual Living will become part of Boston Apparel Group, a Monomoy-sponsored platform that already includes the Chadwicks and metrostyle brands.
Chesapeake Midstream Partners has filed for a $345 million IPO. It plans to trade on the NYSE under ticker symbol CHM, with Citi and Morgan Stanley serving as co-lead underwriters. The Oklahoma City-based company was formed in 2008 as a 50/50 joint venture between Chesapeake Energy Corp. (NYSE: CHK) and Global Infrastructure Partners. As part […]
MBF Healthcare Partners has agreed to invest up to $50 million into Simply Healthcare Plans of Florida Inc., a Coral Gables, Fla.-based HMO.
Express, a Columbus, Ohio-based retail apparel brand and retailer, has filed for a $200 million IPO. It plans to trade under ticker symbol EXPR, with Goldman Sachs and BoA Merrill Lynch serving as co-lead underwriters. The company reports around $1.74 billion in net sales for the first 39 weeks of 2009 (through Oct 31), compared […]
LONDON (Reuters) – Lenders to UK gaming group Gala Coral have put forward a plan to pump 175 million pounds into the troubled company, in a bid to restructure its debt, the FT reported on Tuesday, citing unnamed sources. Gala Coral, home of bingo halls and a chain of bookmakers, is in the middle of […]
FRANKFURT (Reuters) – The field of bidders for Germany’s second-largest generic-drug maker Ratiopharm will be narrowed to one or two contestants this week, people familiar with the auction told Reuters on Monday. A takeover contract for Ratiopharm, which is being sold to ease the debt burden of its owner, could be drawn up by the […]
NEW YORK (Reuters) – Buyout house Terra Firma Capital Partners Chairman and Chief Executive Guy Hands proposed three months ago to break up music company EMI Group Ltd, court documents filed on Friday show. Hands made the proposal in a letter to Chad Leat, head of the alternative asset group at Citigroup Inc (C.N), Terra […]
Today Moody’s upgraded its debt ratings on PE-backed Clear Channel with the expectation that “a full restructuring or bankruptcy filing is no longer imminent.” The ratings agency upgraded Clear Channel’s bank credit facilities to Caa1 from Caa2 and its speculative grade liquidity rating to SGL-2 from SGL-4. THL Partners and Bain Capital acquired the company […]
Advent International, Bain Capital and Berkshire Partners today announced an agreement to acquire Skillsoft (Nasdaq: SKIL), a Dublin, Ireland-based provider of e-learning and performance support SaaS solutions. The $1.1 billion deal is the year’s largest take-private, and represents a 10.66% premium over yesterday's closing price. The buyout firms secured debt financing from Morgan Stanley and Barclays Bank, which consists of a $40 million senior secured revolving facility, a $435 million senior secured term loan and a $240 million senior unsecured interim loan. That equates to a $385 million equity check, presumably split evenly between the three sponsors. On a conference call for the deal this morning, analysts and shareholders seemed unimpressed by both the price and the opportunity for a counterbid.
NeuroTherm, a Wilmington, Mass.-based medical device maker focused on interventional pain, has acquired certain assets of neurodiagnostic accessory maker Technomed Europe. No financial terms were disclosed. NeuroTherm is a portfolio company of The Cortec Group.