Skyview Capital has acquired the RAS-TRAX business unit of UTStarcom (Nasdaq: UTSI). No financial terms were disclosed. The Bensenville, Ill.-based unit will be renamed Traxcom Technologies, and provides secure transaction processing products and technologies.
(Reuters) – Harley-Davidson Inc (HOG.N) shares jumped 6 percent on Tuesday to their highest level in more than four months, lifted by speculation the motorcycle maker could be the target of a leveraged buyout. Harley refused to comment on the market talk of a looming deal, which at least one analyst dismissed as “highly unlikely.” […]
Odyssey Investment Partners has quietly acquired Peninsula Packaging Company, two people familiar with the situation said. The New York-based private equity firm won the company in an auction run by BMO Capital, paying upwards of 7x Ebitda for the company, the people said. Currently, BMO is helping the firm arrange a financing package which includes […]
Asian Genco, an Indian infrastructure company with investments in power generation assets and in engineering services businesses, has raised $425 million in private equity funding. Backers include General Atlantic, Stanley Infrastructure Partners, Goldman Sachs, Norwest Venture Partners, Everstone Capital and PTC India Financial Services. Read more…
NEW YORK (Reuters) – GMAC’s Residential Capital unit is attracting early buyer interest, including from BlackRock Inc (BLK.N) and Blackstone Group (BX.N), according to sources familiar with the matter. Others that could be interested in ResCap include investor Wilbur Ross, the sources said, declining to be named because these talks are private. A group of […]
Bowmark Capital has sponsored a £48 million management buyout and expansion funding for Leaders Ltd., a UK residential real estate listing and property management agency. The seller was RO Group.
HONG KONG/SHANGHAI (Reuters) – A consortium led by Blackstone Group (BX.N) has agreed to invest about $600 million in a Chinese agricultural company ahead of its planned Hong Kong listing, sources with knowledge of the deal said on Wednesday. China Shouguang Agricultural Product Logistic Park, one of the country’s largest agricultural market operators, will sell […]
Flexing: Calpers is looking to flex its power, by removing the limit on the number of shareholder proposals it can issue to companies in its portfolio. (NY Times) What Happens When You Do The Right Thing? You get fired. That's what happened to the Lehman whistleblower at least. (WSJ) Recipe: I have to agree with Tom Davenport's list of Six Ingredients for a Good Online Comment. I'd venture to say any comment that has even two of these six ingredients is a vast improvement over the majority of comments on the internet. (But not peHUB's civilized, intelligent commenters!) (Harvard Business Review) Stay By Stay Home: Out of the maelstrom that is SxSW coverage, I link to a single post: GigaOm's commentary on entrepreneurial stereotypes. (GigaOm) Twitter Royalty: Most Re-tweeted twitters. Way to Go: How the Fed Slept Through Lehman. (Felix Salmon)
(Reuters) – Japanese-style restaurant chain Benihana Inc (BNHN.O) (BNHNA.O) got a takeover offer from RDG Capital that values the company at around $150 million including debt, a source familiar with the situation said. The offer of $7 a share values the Miami, Florida-based company at more than $100 million. Including debt and preferred shares, that […]
Atlantic Street Capital Management is in talks to sell Orlando-based delivery services company Fleetgistics to St. Louis-based buyout shop Harbour Group, according to a regulatory filing. Fleetgistics has three divisions: Medifleet, which provides same-day delivery services to hospitals, laboratories and other medical-related institutions; Partsfleet, which delivers automotive parts and other supplies; and Scriptfleet, which provides delivery services for long-term care pharmacies.