Access Intelligence, LLC, a Rockville, Md-based b-to-b information and marketing company backed by Veronis Suhler Stevenson, acquired Offshore Communications 2009 and EnergyOcean, two events companies, from Continental Shelf Associates, Inc. Press release: Access Intelligence, LLC, a full service b-to-b information and marketing solutions provider and producer of the SATELLITE Conference and Exhibition and Via Satellite […]
(Reuters) – Terra Firma, the private equity firm controlled by Guy Hands, is handing back some 80 million euros ($101.2 million) of performance fees after the firm wrote down the value of its assets by 1.37 billion euros. “If our investors suffer, then it is only right that the Terra Firma team’s reward should suffer […]
(Reuters) – Masonite International Inc, a Canadian door maker owned by private equity firm Kohlberg Kravis Roberts & Co., has reached an agreement in principle with committees representing its secured lenders and bondholders on terms of a restructuring plan, two sources familiar with the matter said on Monday. The plan aims to reduce the company’s […]
Charter Oak Equity and RFE Investment Partners have recapitalized Brook & Whittle Ltd., a North Branford, Conn.–based printer of decorative label solutions for beverage and personal care product companies. No financial terms were disclosed. Citi Capital Strategies advised Brook & Whittle on the deal.
Apax Partners, a global buyout house, has completed the sale of UK supermarket chain Somerfield to The Co-Operative Group for £1.565bn. The other vendors in the Somerfield sale were Barclays Capital, the debt financing arm of the UK bank, and R20, the investment vehicle of Robert Tchenguiz. The transaction was first announced in July of […]
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(Reuters) – Private equity firm TowerBrook Capital said on Monday it had reached an agreement to take control of French debt-ridden auto parts distributor Autodistribution Group. The deal, at a time of slumping sales in the European car industry, will see Autodistribution’s debt slashed and new management brought in. A majority of lenders have accepted […]
(Reuters) – U.S. private equity firm TPG is offering to provide bankruptcy financing for Aleris International Inc, a company that it owns, in a strategy that could put it in the position of being paid before some other creditors, the Financial Times said. Aleris, a maker of aluminium products, filed for Chapter 11 bankruptcy protection […]
NEW YORK (Reuters) – Clarion Capital Partners LLC said on Friday that it led a group of investors in winning the bankruptcy auction to acquire the assets of china maker Lenox Group Inc (LENXQ.OB) The transaction is expected to close in March, at which time Peter Cameron, previously the CEO of Waterford Wedgwood plc and […]
MSouth Equity Partners has sponsored an acquisition of LMS Intellibound Group Inc., a provider of outsourced managed labor services, primarily to the grocery and food service sectors. No financial terms were disclosed, except that MCG Capital Corp. sold its position for $40.5 million.