PlayCore Holdings Inc., a Chattanooga, Tenn.-based portfolio company of Irving Place Capital, has acquired GT Grandstands Inc., a Plant City, Fla.-based maker of grandstands and bleachers. No financial terms were disclosed.
NEW YORK (Reuters) – A U.S. judge ruled on Thursday that auto parts maker Delphi Corp can sell itself to a group of lenders, paving the way for the company to end its near four-year trip through bankruptcy court. Earlier this week, Delphi’s board accepted a bid from its debtor-in-possession lenders, including several hedge funds, […]
PARIS (Reuters) – Candidates are lining up to buy French nuclear group Areva’s (CEPFi.PA) T&D unit, French newspaper La Tribune said, citing four names in addition to intending bidders Alstom (ALSO.PA) and Schneider (SCHN.PA). General Electric (GE.N) could join forces with investment funds Apollo of the United States and Europe’s CVC, but they are still […]
(Reuters) – Eyeing a better price, U.S. auto maker Ford Motor Co (F.N) is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors [GM.UL] to sell Opel and is looking at inviting the losing bidder to […]
More PE Fraud: P.E. Manager Helped Partner Loot Firm Coffers (Fin Altnernatives) More Media Buyouts: Shed Media is in sale talks with private equity. (Guardian) Rants: A woman named Janet Tavakoli is asking: Where Were Drama Pundits [Whitney, Taleb and Gasparino] When It Mattered? (Tavakoli Structured Finance via Dealbreaker) Learning from Private Equity: Strategic buyers are picking up on the "reverse termination fee" trend started by private equity pros in the dealmaking boom. (Deal)
LONDON (Reuters) – Lenders to UK engineering firm Firth Rixson have agreed a loan waiver which will reset loan covenants and see sponsor Oak Hill put 100 million pounds of new equity into the deal, two bankers said on Thursday. The majority of the equity injection will be used to repay part of the company’s […]
LONDON (Reuters) – Private equity firm CVC Capital Partners has made the only bid for Anheuser-Busch InBev’s (ABI.BR) Central and Eastern European assets, people familiar with the matter said on Wednesday. TPG, which was expected to also make an offer by Monday’s deadline, has not submitted a bid and is out of the process, one […]
American Securities has invested an undisclosed amount to help launch Delphi Midstream Partners, a firm that will acquire and invest in up to $2 billion of midstream energy sector companies and assets. Delphi's chief executive Thomas Karam previously was president & COO of Southern Union Co., while its senior vice president Michael Walsh was a co-founding partner of Highstar Capital.
Rutland Partners has agreed to acquire CeDo from Delton AG, for an undisclosed amount. CeDo is a European manufacturer of household disposables, with annual sales of approximately £185 million.
HONG KONG/TAIPEI (Reuters) – Primus Financial Holdings, founded by former top Citi (C.N) Asia banker Robert Morse, plans to team up with a Hong Kong-listed battery maker to bid for AIG’s (AIG.N) Taiwan unit Nan Shan Life, sources with direct knowledge of the matter said on Thursday. American International Group, bailed out by the U.S. […]