GI Partners reportedly has acquired Shirebrook Care Group, a UK-based operator of nursing homes for adults with learning disabilities. The deal was valued at around £20 million. www.gipartners.com
Hg Capital and Ontario Teachers Pension Plan were scheduled to submit final bids on Monday for Acorn Care and Education, a UK-based provider of foster care services and schools for children with learning disabilities, according to the FT. The offers were expected to be worth approximately £150 million. The seller is Phoenix Equity Partners, which […]
Bruckmann, Rosser, Sherrill & Co. has agreed to buy $25 million of convertible preferred stock in Ruth’s Hospitality Group Inc. (Nasdaq: RUTH), owner of several restaurant concepts including Ruth’s Chris Steak House. Proceeds will be used to pay down an existing credit facility.
NEW YORK (Reuters) – Telecommunications company Mitel Networks Corporation filed for an initial public offering of up to $230 million on Tuesday. Mitel Networks, which provides telecom services to small to medium businesses, said it plans to use proceeds from the offering to repay its revolving credit and loans, and for working capital and general […]
Norican Group, a Danish metallic parts enhancement company has completed a financial restructuring. No terms were disclosed, except that the deal involved existing Norican equity sponsors (Mid Europa Partners and Mezzanine Management) and lenders (Nordea, HSH and DnB Nor).
(Reuters) – In a move seen as a precursor to an initial public offering for Glencore International AG, a group of institutional investors will invest about $2.2 billion into the Swiss commodity trader, the Wall Street Journal said, citing people familiar with the situation. The paper said the deal would likely be structured as a […]
HONG KONG/SHANGHAI (Reuters) – Shares of China Pacific Insurance (Group) Co (2601.HK), the country’s third-largest life insurer, rose 1 percent on their debut in Hong Kong after the Carlyle Group-backed company raised $3.1 billion in the world’s seventh-largest IPO this year. The listing came just after Shanghai produced another huge IPO of its own, with […]
Excellere Partners has completed its acquisition of MTS Medication Technologies Inc. (Nasdaq: MTSI), a provider of medication adherence packaging systems. The deal was valued at approximately $37 million, or $5.75 per share. Raymond James & Associates served as MTS' financial advisor.
NEW YORK (Reuters) – Bankrupt U.S. yellow-pages publisher Idearc Inc (IDARQ.PK) said on Tuesday that a U.S. judge has formally approved its reorganization plan, allowing the company to emerge from bankruptcy by the end of the year. Judge Barbara Houser of the U.S. Bankruptcy Court in Dallas, has signed the order approving its plan following […]
NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co (KKR.AS) has led a team bidding for Erickson Retirement Communities LLC, a bankrupt U.S. retirement community developer holding an auction for its assets on Tuesday, a source familiar with the situation said. The KKR bid, made with private equity management firm Beecken Petty […]