This is Just Wrong: What kind of genius does it take to turn $517 million into $75 million over the course of 39 months? That's what Talbots did and Golden Gate Capital capitalized on. (Footnoted) Peter Theil: At a conference, he calls the tech boom of the late 90s a fraud. (Valleywag) What's Wrong With Financial News on Television: Proof that nobody at Fox Business News knows what's going on, at all. (Gawker) Just Depressing: Now that the U.S. taxpayers are minority shareholders in Citigroup, we might be happy to learn that the company is using its resources to sue a networking website called Womenco.com, because its similar to Citigroup's own "Women & Co.," a money managing business. Christ. (Cityfile) Regulatory Shopping: Private equity firms are using Regulatory Arbitrage. Writes Money Morning, "The financial Barbarians are at the gates of the U.S. banking sector." (MM) Private Equity: Not so shareholder friendly? (
As the weather (slowly) warms up, plenty of M&A bankers are hoping the market for deals will as well. We’ve noticed a few more targets coming to market in recent weeks and have compiled a list of some of those we’ve come across. Our sources are various news reports and the Buyouts “Seeking Buyers” list. The following companies (among many, many others) are either formally considering “strategic alternatives,” reported to be on the block, or rumored to be in sale talks in the past week. I can’t be comprehensive, but I can try. For prior lists, see below, and send any additions my way. Cox Communications has announced it hired Goldman Sachs to advise it in the possible sale of subsidiary Travel Channel Media. The unit includes the Travel Channel television network and travelchannel.com. Google is still acquisitive for small companies. The firm's acquisition strategy will focus on the cloud, mobile, and open source distribution of software sectors.
NEW YORK (Reuters) – A U.S. bankruptcy judge on Wednesday gave U.S. auto parts supplier Delphi Corp (DPHIQ.PK) preliminary approval to access $250 million in funding from General Motors Corp (GMGMQ.PK) that is expected to fund Delphi until it can emerge from bankruptcy. U.S. Bankruptcy Judge Robert Drain gave Delphi preliminary approval to access the […]
LONDON (Reuters) – Stricken German retailer Arcandor’s (AROG.DE) 53 percent stake in travel firm Thomas Cook (TCG.L) looks likely to be sold to either a trade buyer or a private equity group, possibly acting with its management. Arcandor on Tuesday filed for insolvency after the German government rejected a request for state aid, effectively bringing […]
Infiltrator Systems, a maker of makes plastic chambers for onsite wastewater management systems in the septic leach-field and storm-water markets, has acquired Ring Industrial Group, a maker of expanded polystyrene drainfield systems. No financial terms were disclosed. Infiltrator Systems is a portfolio company of Graham Partners.
Mercury Computer Systems Inc. (Nasdaq: MRCY) has sold its Visualization Sciences Group to France's IRDI-ICSO Private Equity. The deal includes a $12 million upfront payment, plus up to $2.5 million in possible earn-outs.
OpenGate Capital has agreed to acquire Fleurus Presse and Junior Hebdo, the youth publication divisions of French media company Groupe Le Monde. No financial terms were disclosed.
Senior Care Centers of America, a portfolio company of Clearview Capital, has acquired Riverside Adult Day Center of Plains, Pennsylvania. No financial terms were disclosed.
LONDON, June 9 (Reuters) – Private equity firm Charterhouse Capital Partners is in exclusive talks about buying Candover’s Wood Mackenzie for about 550 million pounds ($885 million), a person familiar with the matter said on Tuesday. A sale of the Edinburgh-based energy research and consulting firm would provide a welcome cash infusion for Candover, whose […]
NEW YORK (Reuters) - Suitors are lining up to buy assets of U.S. clothing retailer Eddie Bauer Holdings Inc (EBHI.O) ahead of an expected bankruptcy filing within the next few weeks, according to people familiar with the discussions. Hilco Consumer Capital is in talks with the outdoor apparel retailer about a possible deal once a bankruptcy filing occurs, and private equity firm CCMP Capital Advisors LLC is weighing an offer for the company, these people said. The people asked not to be named because the talks are not public. An Eddie Bauer representative did not immediately return a call seeking comment.