Huntsman Gay Global Capital has sponsored a recapitalization of T&D Solutions LLC, an Alexandria, La.-based power line maintenance and construction company. No financial terms were disclosed.
Lightyear Capital has acquired three broker-dealers from the ING Advisers network: El Segundo, Calif.-based Financial Network Investment Corp.; Denver-based Multi-Financial Securities Corp.; and St. Cloud, Minn.-based PrimeVest Financial Services Inc. No financial terms were disclosed. The companies will now operate under the name Cetera Financial Group.
Summit Materials, an acquisition platform in the building materials market, has acquired Hinkle Contracting Co. of Paris, Kentucky. No financial terms were disclosed. Summit was formed last fall by The Blackstone Group, Silverhawk Capital Partners and former BHP Billiton CEO Charles Goodyear. It has up to $780 million in capital commitments, and previously acquired Hamm Inc.
Monarch Natural Gas, a portfolio company of Metalmark Capital Partners, has agreed to buy most of the Riverbend midstream assets of Gasco Energy (NYSE Amex: GSX), for $23 million in cash. The deal includes related salt water evaporative facilities.
LONDON (Reuters) – Travel service company Travelport Inc on Monday announced a price range for its $1.78 billion London listing, valuing the company’s equity at between $3.05 billion and $3.45 billion. The mid-point of the equity valuation is above the entry level of Government of Singapore Investment Corp. (GIC), which has agreed to buy $225 […]
Marlin Equity Partners has acquired the assets of CompassLearning Inc., an Austin, Texas-based educational technology company that provides supplemental curriculum software to educators and students in grades K-12. No financial terms were disclosed. The seller was The Readers Digest Association, via a bankruptcy auction. www.compasslearning.com
LONDON (Reuters) – British buyout firm Permira has teamed up with retail executive John Lovering to launch a bid for furniture retailer DFS, the Sunday Times reported without citing sources. Permira and Lovering have appointed bankers at Nomura to advise on an offer for DFS, which is valued at more than 500 million pounds ($813.4 […]
Aricent, a communications equipment maker, has raised an undisclosed amount of equity funding from Delta Partners. The company was acquired last September for $255 million from Flextronics, by KKR, Sequoia Capital, The Family Office and The Canadian Pension Plan Investment Board.
NEW YORK (Reuters) – Douglas Dynamics Inc, which makes snow plows and salt spreaders for light trucks, filed for an initial public offering of up to $150 million on Friday. The Milwaukee, Wisconsin-based company also sells hopper and tailgate-mounted sand and salt spreaders in the United States and Canadian markets, according to a filing with […]
Given the expectations that hospital operator HCA would file an S-1 to go public any day now, it’s a surprising development that PE owners KKR, Bain Capital and Merril Lynch Private Equity today took a $1.75 billion dividend on the company. Why add leverage to a company before shopping it to the public market? KKR […]