CCMP Capital has acquired a controlling interest in Francesca’s Collections Inc., for an undisclosed amount. Francessa's Collections is a Houston-based operator of 160 small-box women’s fashion retail stores across 33 states.
Northern Timber Nova Scotia, a portfolio company of Atlas Holdings and Blue Wolf Capital Management, have agreed to acquire 475,000 acres of Nova Scotia forest land from Neenah Paper Inc. (NYSE: NP). The deal is valued at $82 million.
RoadSafe Traffic Systems Inc., a Bensalem, Penn.-based provider of traffic safety services, has acquired Trutwin Industries Inc., a Fort Myers, Fla.-based provider of roadway pavement marking and removal services. No financial terms were disclosed. RoadSafe is a portfolio company of Aperion Management and Falcon Investment Advisors.
(Reuters) – U.S. private equity firm TPG Capital has emerged as a front runner to buy Dow Chemical’s (DOW.N) Styron plastics business, Wall Street Journal said, citing several people familiar with the matter. TPG’s rival Apollo Management, which was one of the contenders for the Dow unit, is fading from contention, the paper said. Dow, the […]
LONDON (Reuters) – UK education technology group Promethean World and its owners are aiming to raise up to 224 million pounds ($341 million) by selling shares in its initial public offering, people familiar with the matter said on Monday. The company, which supplies interactive white boards and associated software, on Monday started bookbuilding for the […]
(Reuters) – A creditor group led by U.S. private equity firm Apollo Management [APOLO.UL] is expected to to reject India’s Reliance Industries Ltd’s (RELI.BO) bid for bankrupt chemicals maker LyondellBasell, the New York Post said, citing people familiar with the situation. The move would pave the way for Apollo to merge LyondellBasell with its Hexion […]
Magnus Christensson has joined Jefferies as a managing director and European head of the firm’s fund placement group. He previously was with Atlantic-Pacific Capital. Bob Deutsch has joined GCP Capital as a managing director. He previously was CEO of GCP portfolio company Ironshore Inc. Paul Donofrio has been named head of global corporate banking at […]
Sensata Technologies Inc., an Attleboro, Mass.-based sensors and controls company, has set its IPO terms to 31.6 million common shares being offered at between $18 and $20 per share. It would have an initial market cap of approximately $3.42 billion, were it to price at the top of its offering range. Sensata plans to trade […]
Government-controlled auto finance company GMAC has largely been stabilized, but an initial public stock offering that will reduce the taxpayers' stake is probably at least a year away, senior U.S. Treasury officials said on Thursday.
THL Partners has agreed to acquire publicly traded CKE Restaurants, which operates the Carl's Jr. and Hardee's chains, for $928 million. The deal includes the assumption of $309 million in debt. UBS Investment Bank is acting as financial advisor to CKE. BofA Merrill Lynch and Barclays Capital are acting as financial advisors to THL. Affiliates of BofA Merrill Lynch and Barclays Capital have provided a financing commitment to THL to support the transaction.