(Reuters) - Nuts and snacks seller Diamond Foods Inc said it agreed to buy potato-chips maker Kettle Foods from Lion Capital LLP for $615 million in cash, to expand its presence in the growing potato chip market.
AMICAS Inc., a publicly traded medical technology company, said it would review the revised offer it received from Merge Healthcare now that it has been updated to include an executed definitive commitment letter for $200 million of financing from Morgan Stanley. AMICAS had previously agreed to sell itself to New York buyout firm Thoma Bravo, rejecting a rival offer from Merge because it did not have proof of guaranteed financing.
Ipreo, a provider of data and market intelligence to banking and corporate clients, has acquired the certificates collection service of Markit Group, based in London. Ipreo is majority owned by New York private equity firm Veronis Suhler Stevenson.
Eureka Growth Capital and Shore Points Capital recapitalized Commercial Carpets of America a floor coverings provider based in Washington, D.C. Susquehanna Bank provided a senior term loan and working capital revolver as debt financing for the transaction.
(Reuters) – Harrah’s Entertainment Inc [HAMLEH.UL], the world’s largest casino operator by revenue, reported a fourth-quarter profit on Thursday, compared with a year-earlier loss, but revenue fell 8 percent as demand in Las Vegas and Atlantic City remained weak. Hit by the economic downturn, consumers have cut back on discretionary spending like gambling trips at […]
(Reuters) – Denmark’s Danske Bank and Sweden’s SEB have joined a team of banks to launch a share offering in Danish telecom TDC for its private equity owners, sources told Reuters. The private equity firms, which hold nearly 88 percent of TDC’s stock, have appointed a consortium of a total of nine banks to sell […]
FRANKFURT (Reuters) – German chemical distributor Brenntag is aiming for an initial public offering in the first half of 2010, most likely before the Easter holidays in early April, two people familiar with the matter told Reuters. The sources added that an official announcement was set to be made later on Thursday. Brenntag had no […]
KCB Management has acquired Integrated Systems Improvement Services (ISIS), a Sierra Vista, Ariz.-based provider of specialty services to federal agencies, prime contractors and corporations. No financial terms were disclosed.
Blackhawk Specialty Tools LLC, a Houma, La.-based maker of automated top drive cement heads for the deepwater offshore oil and gas industry, has raised an undisclosed amount of equity funding from Rock Hill Capital Group.
NEW YORK (Reuters) – Blackstone Group LP (BX.N) is preparing to restructure the debt of Hilton Worldwide Inc, bankrupt investment firm Lehman Brothers Holdings Inc (LEHMQ.PK) said in court filings. The restructuring would deleverage Hilton’s capital structure by as much as $3.8 billion, Lehman said in the filings, dated Feb. 23. The plan also proposes […]