NEW YORK (Reuters) – New York-based private equity firm Patriarch Partners LLC won the auction for bankrupt Polaroid Corp’s assets, both companies said on Thursday, with Patriarch winning over three rival bidders. The result of the auction, which ended on Tuesday, is subject to court approval at an April 6 hearing. The assets Patriarch is […]
FleetCor Technologies, a Norcross, Ga.-based provider of branded fuel cards, has acquired CLC Group Inc., a Wichita, Kansas-based provider of lodging management programs to businesses. No financial terms were disclosed. The seller was Nautic Partners, while FleetCor is owned by Advent International, Bain Capital and Summit Partners.
Tri-County Petroleum Inc., a portfolio company of KRG Capital Partners, has acquired Loos & Dilworth Inc., a supplier of passenger car motor oils in the Philadelphia and Baltimore areas.
NEW YORK (Reuters) – Hertz Global Holdings Inc (HTZ.N) won a bankruptcy auction for the assets of Advantage Rent-A-Car, a lawyer representing Advantage said on Wednesday. Hertz won the auction with a $30.3 million bid for 25 leases and airport concession agreements held by Advantage, its website and some of its trademarks at an auction […]
Hunter Defense Technologies Inc., a Solon, Ohio-based maker of solutions for the military and homeland security markets, has acquired Vertigo Inc., a Lake Elsinore, Calif.-based maker of engineering solutions for the aerospace, defense and tech markets. No financial terms were disclosed. Metalmark Capital bought Hunter Defense in 2007 from Behrman Capital for $350 million.
Clearview Capital has acquired a majority stake in Woodridge, Ill.-based EN Engineering, from Epstein and Nicor Energy Ventures. The deal was valued at $35 million, including a $3 million earn-out.
(Reuters) – Fidelity National Information Services Inc (FIS.N) agreed to buy Metavante Technologies Inc (MV.N) for about $2.94 billion in stock, to create the world’s largest provider of integrated payment and financial processing services. “While FIS will benefit from Metavante’s strong footprint in the U.S. and solid reputation for tightly integrated products, FIS will grant […]
Bounty Group Ltd., a portfolio company of Barclays Private Equity, has agreed to buy the UK business of Kaboose Inc. (TSX: KAB), a family-focused media company. The deal is valued at approximately £54 million, including around £10 million in assumed debt. In a related deal, Kaboose is selling its North American assets to Disney Online for approximately $23.3 million.
Acorn Growth Cos. has acquired Integrated Composites Inc., a Marina, Calif.–based maker of composite aircraft components and structures. No financial terms were disclosed, except that Peninsula Capital provided mezzanine financing.
High Road Capital Partners has acquired Accentus Inc., an Ottawa-based provider of outsourced medical transcription and editing services in Canada. No pricing terms were disclosed for the transaction, which included senior debt from Bank of Montreal and subordinated debt from Bank of Montreal Capital Corp.