Private equity firm PAI Partners has sold its 9 percent stake in IT services group Atos, saying the business was "transformed" since July 2008 when it began buying shares, Reuters reported.
Private equity firm Sycamore Partners has abandoned its attempt to buy apparel retailer Chico's FAS Inc (CHS.N: Quote, Profile, Research, Stock Buzz) after failing to secure financing on acceptable terms, the Wall Street Journal reported quoting a person familiar with the matter.
Providence Equity Partners LLC, owner of the parent of the grueling yet popular Ironman Triathlon race, is exploring options for the company including a potential sale or initial public offering, sources told Reuters News.
Solis Capital Partners has invested in ICOM North America. Financial terms weren’t announced. New Hudson, Michigan-based ICOM makes and assembles propane vehicle systems.
The Presidio Group LLC said Tuesday it closed its sale of Lindora to Solis Capital Partners and Innovate Partners. Financial terms weren’t announced. Costa Mesa, California-based Lindora provides medically supervised weight loss and weight management programs.
Hennessy Capital Acquisition Corp. said Tuesday it closed its buy of School Bus Holdings, which conducts its business under the “Blue Bird” name. The Traxis Group BV, which is majority owned by Cerberus Capital Management, is the seller. The deal is valued at $255 million, a September statement from Schulte Roth & Zabel said. Cerberus will continue to own 58 percent of Blue Bird’s outstanding shares. Blue Bird designs and makes school buses. Schulte Roth & Zabel provided legal advice to Cerberus, Traxis Group and Blue Bird.
Pivot3 said Tuesday that it closed a $45 million equity and bank financing round. Argonaut Private Equity, a new investor in Pivot3, joined S3 Ventures, InterWest Partners, Mesirow Financial Private Equity and the Wilson Sonsini Goodrich & Rosati investment fund in providing additional equity. Austin-based Pivot3 develops hyper-converged infrastructure solutions.
3i has agreed to sell Atlas Holding SA, the holding company of the Azelis Group, to Apax Partners. Financial terms weren’t announced. Azelis is a pan-European speciality chemical distributor. 3i acquired a majority of Azelis in 2007. JP Morgan is providing financing. UBS acted as financial advisor to the Apax funds while Greenhill acted as financial advisor to 3i.
Prospect Partners LLC has bought Knoxville, Tennessee-based Animal Emergency Specialty Center, a specialty veterinary hospital. No financial terms were disclosed.
3i has acquired UK-based Aspen Pumps, a maker of condensate pumps, for 105 million pounds. The seller was Inflexion.