NEW YORK (Reuters) – Apollo Management’s $635 million takeover of theme park operator Cedar Fair (FUN.N) has collapsed due to lack of investor support, costing the company $6.5 million in fees, Cedar Fair said on Tuesday. The $11.50-a-share offer, made in December, was notable for being one of the few leveraged buyouts of last year […]
WestView Capital Partners has sponsored a recapitalization of Peerless Industrial Group Inc.; a Winona, Minn.-based manufacturer of chains, fittings, wire forms, tire chains wire rope and cordage. No financial terms were disclosed.
New Vitality, a Farmingdale, N.Y.-based direct marketer of premium nutritional supplements and personal care products, has raised an undisclosed amount of private equity funding from Baird Capital Partners.
Littlejohn & Co. has completed its acquisition of CTI Foods Inc. from CIC Partners. No financial terms were disclosed. CIC Partners formed CTI Foods in 2003, via the acqusition and merger of SSI Food Services and S&S Foods LLC from J.R. Simplot Company. The Wilder, Idaho-based company already had a processing facility in California, and later would […]
Duke Street has acquired a control position in the Marlin Group, a UK-based buyer and manager of consumer debt, with a focus on litigation-based recovery. No financial terms were disclosed.
Saban Capital Group and Lionsgate (NYSE: LGF) have signed an equal partnership to manage Tiger Gate, an operator of pay television channels and a distributor of television programming and films in Asia. No financial terms were disclosed. Lionsgate formed Tiger Gate in 2008.
SEOUL (Reuters) – U.S. fund Lone Star has sent teaser letters for sale of its $4 billion controlling stake in Korea Exchange Bank (004940.KS) to potential investors at home and abroad, Maeil Business Newspaper reported on Tuesday. Lone Star sent letters to some 50 overseas investors, including banks and private equity funds, and 5-6 local […]
Graphite Capital has invested an additional £24 million into Willowbrook Healthcare, a UK-based operator of nursing and dementia care homes for the elderly. Graphite invested an initial £53 million in Willowbrook back in November 2008.
PHILADELPHIA (Reuters) – CKE Restaurants Inc (CKR.N), owner of the Hardee’s and Carl’s Jr. hamburger chains, will be bought by private equity firm THL Partners [THL.UL] unless a surprise rival bid emerges in the next day. Under the $619 million deal agreement with THL, CKE had 40 days to seek superior offers and that “go […]
Late last week the private equity investment firm of Thomas H. Lee announced it acquired Papa Murphy’s, a chain of franchise-operated pizza stores. The deal value is approximately $180 million, according to Deal Journal. It represents a 10x Ebitda multiple, if you go with the $18 million Ebitda figure peHUB reported in January. To demonstrate […]