Main Line Broadcasting, a portfolio company of Arlington Capital Partners, has agreed to acquire ten radio stations from Radio One Inc. No financial terms were disclosed for the deal, which includes stations in the Louisville, Kentucky and Dayton, Ohio markets. www.mlbroadcasting.com
Active Interest Media Inc., an El Segundo, Calif.-based enthusiast media company, has acquired Backpacker Magazine for an undisclosed amount. AIM was formed in 2003 by Wind Point Partners. www.aimmedia.com www.backpacker.com
Pearlman Industries Inc., a Commerce, Calif.
Deltek Systems Inc., a Herndon, Va.
Last night I appeared on CNBC’s Fast Money program to discuss what public investors should look for in buyout-backed IPOs. I can’t yet find the video, but that’s OK because watching me prattle on is almost worse than reading me prattle on… Anyway, the umbrella answer is that there is no perfect formula for such things, from […]
Citigroup Venture Capital has sold FastenTech Inc. to Doncasters Group Ltd. for approximately $492 million. FastenTech is a Minneapolis
Olympus Partners has agreed to sell Bermuda-based specialty insurance company Talbot Holdings Ltd. to Validus Holdings Ltd., a fellow insurance company backed by Aquiline Capital Partners, Goldman Sachs, New Mountain Capital and Vestar Capital Partners. No financial terms of the sale were disclosed. Talbot will serve as Validus' principal operation in the direct insurance market […]
PlantCML, a Temecula, Calif.
Winchester Electronics Corp., a Wallingford, Conn.
Chryslerus was the lead story on yesterday’s NBC Nightly News. The into by CNBC’s Phil LeBeau was an accurate representation of private equity, in which he said that most PE firms are aggressive with their investments, and sometimes break up companies. But then NBC played this brief and bewildering comment from Casaba Csere, editor-in-chief of Car & Driver: […]