Circuit City is a “potential” leveraged buyout target, according to a new Bear Stearns research report out today. The analysis comes after the electronics retailer posted a surprise Q3 loss, was picked up by Dealbook and has helped send the stock… PLEASE, MAKE IT STOP! I know that both the analyst and the NYT blogger were […]
M2M Holdings Inc. (a.k.a. Made2Manage), an Indianapolis
The 2006 IPO market has already surpassed 2005 in terms of both volume and dollars raised, and the VC-backed IPO market is almost there as well. This isn’t to say that the public exit window is wide open, but you can certainly feel the draft of an upswing that is projected to last well into […]
When the U.S. Department of Justice began its inquiry into club deals earlier this year, a spokesman for the UK Financial Services Authority told me that it was planning “no investigation into private equity deals in the UK.” Now, less than two months later, officials from the FSA are interviewing people involved in four key takeover bids to try […]
Blonder Tongue Laboratories Inc. (AMEX: BDR) has sold its Texas-based private cable television business, BDR Broadband, to DirecPath, a joint venture between Hicks Holdings LLC and The DIRECTV Group Inc. The deal was valued at approximately $3.1 million. www.blondertongue.com
SunGard has acquired Chinese financial services software company Shanghai Fudan Kingstar Computer Co.for an undisclosed amount. SunGard was acquired last year in a public-to-private buyout by Silver Lake Partners, AlpInvest, Bain Capital, Blackstone Group, Goldman Sachs, HarbourVest Partners, KKR, Providence Equity Partners and Texas Pacific Group. www.sungard.com
Healthy Foods Holdings, a portfolio company of Catterton Partners, has agreed to acquire Van's International Foods Inc., a Vernon, Calif.-based maker and marketer of Van's Waffles. No financial terms were disclosed. www.vanswaffles.com www.cpequity.com
Hemscott Group Ltd., a UK-based provider of financial data and investor relations services, has merged with i-Deal LLC, a UK-based provider of capital markets workflow solutions. The combined company has been named Ipreo LLC, and will have 2006 revenue of approximately $100 million. It also has agreed to acquire Marketpipe, a UK-based provider of fixed […]
John Lehman is chairman and a founding partner of J.F. Lehman & Co., a mid-market private equity firm focused on the aerospace, defense and maritime industries. He also is the former Secretary of the U.S. Navy, and recently completed service as a member of the National Commission on Terrorist Attacks Upon the United States (a.k.a. […]
Debate continues to rage over whether buyout firms are somehow cheating on their deals. Are they stealing companies from hapless shareholders? Are they colluding on large transactions in a blatant violation of anti-trust laws? And if not, how else can the enormous profits so many buyout firms generate be explained? All are interesting questions that […]