BPL Global Ltd., a Pittsburgh
Active Interest Media Inc., the parent company of Backpacker magazine and Yoga Journal, has acquired SNews, a provider of online trade news and information for outdoor and fitness retailers. No financial terms were disclosed. Active Interest is owned by Wind Point Partners. Get more info. PRESS RELEASE Active Interest Media, Inc. (AIM, http://aimmedia.com ), […]
Mad Moneyman Jim Cramer has published his 2008 predictions, and says that Cerberus’ buyout of Chrysler will go down as the “first real debacle of the private equity era.” Apparently Refco didn’t qualify… Cramer puts odds at 5-1 that Congress will bail out Chrysler (and Cerberus, by extension), which presumably puts the need for such […]
The last thing U.S. buyout firms need right now is new competition on their home turf, but it’s coming anyway. Industry headhunters tell me that they’ve been approached by European buyout firms – both large-market and mid-market – about retaining U.S. staffs to make direct investments. The FT reported last month on such a move from […]
The Active Network, a San Diego-based online community and provider of application technology for active lifestyle/sports groups, has acquired event management software companies RegOnline and WingateWeb. No financial terms were disclosed. Active has raised $172 million in VC funding from firms like Canaan Partners, ESPN, ABS Ventures, North Bridge Venture Partners, Comdisco, Charles River Ventures, Performance […]
The Swett & Crawford Group Inc., an Atlanta-based wholesale insurance intermediary, has acquired Risk Reducers LLC, a Littlerock, Ark.-based wholesale insurance broker specializing in workers' compensation. No financial terms were disclosed. Swett & Crawford is owned by HM Capital Partners, Banc of America Capital Investors and company employees. www.swett.com
2007 may be the year of mid-market buyouts, and firms are stocking up on capital. The latest is Crestview Partners, which has secured $1.7 billion in commitments for a second fund that should eventually close north of $2 billion. Not too shabby for a firm that only began marketing back in October. New York-based Crestview […]
Kayak.com, a Norwalk, Conn.
Phoenix Footwear Group Inc. (Amex: PXG) has sold its Altama military footwear division to Tactical Holdings Inc., a portfolio company of Golden Gate Capital. The deal is valued at approximately $15 million, and includes a short-term transition services agreement.
Remington Arms Company Inc. of Madison, N.C. has agreed to acquire Marlin Firearms Co. of North Haven, Connecticut. No financial terms were disclosed. Remington was acquired last year by Cerberus Capital Management for $370 million from CD&R and Bruckmann Rosser Sherrill & Co. PRESS RELEASE Remington Arms Company, Inc. (“Remington” or ” the Company”) […]