NEW YORK (Reuters) – Kohlberg Kravis Roberts & Co [KKR.UL] could make its money back on a two-year-old investment in the debt of Sun Microsystems Inc (JAVA.O), which agreed to be sold to Oracle Corp (ORCL.O) on Monday. The private equity firm, whose Amsterdam-listed fund KKR Private Equity Investors (KKR.AS) (KPE), invested $700 million in […]
GE Capital has sold its stake in SAFE Security, a San Ramon, Calif.-based security alarm company, to Rustic Canyon/Fontis Partners. No pricing terms were disclosed, except that the deal included a $25 million senior credit facility from Bank of America.
Dayton Superior Corp., a Dayton, Ohio-based concrete forming and shoring rental company, has filed for Chapter 11 bankruptcy protection. Odyssey Investment Partners acquired the company in 2000, and still maintained a sizable stake following a 2006 IPO. As of March 31, Odyssey held nearly 48% of Dayton Superior's common stock. www.daytonsuperior.com
LONDON (Reuters) – Lenders to UK chemicals group British Vita have agreed a debt for equity deal that will see its current owner TPG Capital and lenders inject extra cash into the company, a person close to the company said. More than 75 percent of creditors approved the deal at a meeting on Friday, the source […]
Spectrum Equity Investors and Bain Capital Ventures have agreed to acquire a majority interest in SurveyMonkey, a Portland, Ore.-based provider of of online survey solutions. No pricing terms were disclosed for the deal, which included leveraged financing from Bank of America, CIT and NewStar Financial. Dave Goldberg will take over as CEO, after having spent the past two years as an entrepreneur-in-residence with Benchmark Capital.
FRANKFURT (Reuters) – Four financial and two strategic investors are in talks with General Motors Corp (GM.N) to buy a possible majority stake in Opel for a direct investment of at least 500 million euros, a banker close to negotiations told Reuters. The source confirmed a report in the Financial Times that half a billion […]
NEW YORK (Reuters) – Motor Coach Industries International Inc. has emerged from Chapter 11 bankruptcy and some Franklin Mutual Advisers LLC funds have taken a majority shareholder stake, the tour bus maker said on Monday. A bankruptcy court approved the company’s reorganization plan on Jan. 28 and it emerged from its voluntary Chapter 11 reorganization […]
VenGrowth Partners has acquired the assets of Roll-Tite Inc., a Canadian maker of retractable metal covers for flat-bed trailers. No financial terms were disclosed. VenGrowth had originally acquired Roll-Tite in 2007, but the company was placed into receivership this past February.
Riverside Partners has sponsored a recapitalization of IZI Medical Products, a Baltimore-based provider of medical markers used in image-guided surgery, radiology and radiation therapy. No financial terms were disclosed for the deal, which was done in partnership with company management.
LONDON (Reuters) – GlaxoSmithKline Plc, the world’s second-largest drugmaker, has agreed to buy privately owned U.S. skincare specialist Stiefel Laboratories Inc for up to $3.6 billion, the two companies said on Monday. The acquisition is the latest in a string of deals in the drugs sector, but is significantly smaller than recent mega-mergers, reflecting the […]