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: […]
I’ve spent an ungodly portion of my day discussing the Chryslerus deal with various reporters — the majority of whom know fairly little about private equity. This is not a knock on them, but just a point of fact. The result has been numerous questions about how many people Cerberus plans to layoff (answer: check […]
Varel Holdings Inc., a maker of drill bits for the oil & gas and mining industries, has acquired Pendemak Industries Ltd., Canadian distributor of Varel oil field drill bits for the past 26 years. The only financial terms disclosed were that Varel minority shareholder American Capital Strategies provided $16 million in the form of a […]
Firth Rixon Ltd., a Sheffield, UK