First Reserve Corp. has committed up to $500 million in equity for Barra Energia Petroleo e Gas, a new Brazilian energy exploration and production company.
LaSalle Capital Group and Expedition Capital Partners have partnered to acquire three security guard services businesses: Industrial Security Services Inc. (Cleveland), Leonard Security Services (Virginia Beach) and Eagle Security Inc. (Portsmouth, Va). The three companies will be rolled into a new buy-and-build platform called United American Security, which will be run by former Employer's Security Co. CEO Steve Frost. No financial terms were disclosed.
THL Partners has agreed to increase its proposed investment in Sterling Financial Corp. (Nasdaq: STSA) from $134.7 million to $175 million.
Golden Gate Capital and Kenner & Co. have completed their previously-announced recapitalization of Atrium Companies Inc., a maker of vinyl and aluminum windows and patio doors. Atrium had filed for Chapter 11 bankruptcy in January. The recap cuts its pre-bankruptcy debt by more than 60%, with existing owners Golden Gate and Kenner investing more than $170 million in equity capital. The firms originally announced plans to invest $125 million.
[UPDATE: The deal has been formally announced. Press release follows story] PHILADELPHIA (Reuters) – Oak Hill Capital Partners plans to acquire Dave & Buster’s Inc for $570 million from Wellspring Capital Management, according to The Wall Street Journal.The chain, which combines restaurants with video games arcades, had been taken private in 2006 by Wellspring for about […]
PHILADELPHIA (Reuters) – Private-equity firms Warburg Pincus and Silver Lake Partners are close to buying Interactive Data Corp (IDC.N) for about $3.1 billion, a source familiar with the situation said on Sunday. The deal for IDC, the financial-market data provider controlled by publisher Pearson PLC, could be announced as early as Monday, said the source. […]
LONDON (Reuters) – BMG Rights Management, the music venture owned by Bertelsmann and KKR, is eyeing a number of potential UK investment projects, the Financial Times reported. BMG was looking at “something like 50 deals,” including two or three large acquisitions in the coming months, the company’s head, Hartwig Masuch, told the paper in an […]
Gordman’s Stores Inc., an Omaha, Neb.-based off-price department store chain, has filed for a $75 million IPO. It plans to trade on the Nasdaq under ticker symbol GMAN, with Piper Jaffray serving as lead underwriter. The company reports $457 million in revenue for the year ending January 30, 2009. Net income for the period was […]
April 30 (Reuters) – Railroad equipment supplier Greenbrier Cos (GBX.N) and private equity firm WL Ross & Co said they have jointly acquired a lease portfolio of nearly 4,000 railcars valued at about $230 million. The firms acquired the portfolio through a newly-formed venture, WLR-GBX, to be owned by affiliates of WL Ross for the […]
NEW YORK (Reuters) – Lyondell Chemical Co said on Friday that it has exited bankruptcy after a 16-month process during which its debt load was reduced to about $5 billion from $24 billion. The company, which went bankrupt last January after a drop in business due to the economic downturn left it unable to make […]