Hanley Wood Inc., a Washington, D.C.
The private equity market has experienced a series of small and mid-sized bankruptcies over the past few months, but now it’s got a big one: Linens ‘n Things filed for Chapter 11 down in Delaware this morning, and announced plans to close 120 of its more than 500 stores. Apollo Management had taken the Clifton, […]
Delphi has completed the sale of its North American bearings business to a unit of Hephaestus Holdings Inc., a maker of forged parts for the North American automotive industry. Hephaestus is a portfolio company of KPS Capital Partners. PRESS RELEASE KPS Capital Partners, LP (“KPS”) today announced that its portfolio company Hephaestus Holdings, Inc. (“HHI”), […]
NXP Semiconductors has agreed to acquire the broadband media processing assets of Conexant Systems Inc. (Nasdaq: CNXT). The deal includes a $110 million up-front cash payment, and up to $35 million in earn-out considerations. NXP is the former semiconductor unit of Philips, which was acquired in 2006 by KKR, Bain Capital, Apax Partners, AlpInvest and […]
Update: ABC now reporting that the talks are dead. Good. If 2007 was the year in which private equity became a dirty word, 2008 has been the year in which it hosed off and began selling soap down on Wall Street. In fact, a good case could be made that the industry has helped salve […]
Strands, a Corvallis, Ore.
HMP Communications, a provider of information and education for healthcare professionals, has acquired Princeton Media Associates LLC, a provider of continuing education and news for healthcare professionals. No financial terms were disclosed. SIG Growth Equity joined existing HMP backer Alta Communications to help fund the deal's equity tranche, while debt was provided by GE Capital, […]
First Data Corp., a payment processing company owned by KKR, has agreed to acquire InComm, a provider of stored value gift and prepaid products. No financial terms were disclosed. InComm had over $300 million in 2007 net revenue. PRESS RELEASE First Data Corp., a global leader in electronic commerce and payment processing services, today announced […]
Grupo Panrico SA, a Spanish bakery company owned by Apax Partners, has agreed to acquire the Artiach biscuit business of Kraft Foods. No financial terms were disclosed. www.panrico.com
FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Keller Truck Parts Inc., a provider of heavy-duty replacement parts in Maryland and Delaware. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management. PRESS RELEASE FleetPride, Inc., the nation's largest independent aftermarket […]