Bruin Sports Capital and RedBird Capital Partners have agreed to make an undisclosed investment in NFL On Location, the NFL's events and hospitality business. Bruin Sports and RedBird will launch a new holding company NewCo that will run NFL OL, which is being spun out from the NFL. Also, in a separate deal, 32 Equity, which oversees NFL's private equity, is planning on making an investment in NewCo. No financial terms were disclosed. George Pyne, former president of IMG Sports and Entertainment, has been named executive chairman of NewCo.
Britain's Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors to fund acquisitions across Europe and the United States, the company said on Monday.
Slovenian state investment fund SDH said it was in talks with two bidders for Zito , denying a newspaper report that the food producer would be sold to Croatia's Podravka.
Babson Capital Management has made an undisclosed investment to back Blue Point Capital Partners' acquisition of Handi Quilter Inc. Based in North Salt Lake, Utah, Handi Quilter is a maker of quilting machines for the consumer quilting market.
Breitburn Energy Partners LP said Sunday that EIG Global Energy Partners has invested $1 billion. The deal includes $350 million of perpetual convertible preferred units and $650 million of senior secured notes. The offerings are expected to close on April 8. Breitburn is buys, develops and produces oil and gas properties throughout the United States. Jefferies LLC was lead placement agent and sole financial advisor to Breitburn while Credit Suisse was financial advisor to EIG.
Global Infrastructure Partners said Friday that it has agreed to buy Competitive Power Ventures. Financial terms weren’t announced. Silver Spring, Maryland-based Competitive Power is a North American electric power generation development and asset management company.
Partners Group said Monday that it is selling Nobel Learning Communities Inc. Financial terms weren’t announced. The buyer was not announced. Westchester, Pennsylvania-based Nobl learning operates preschool through grade 12 private schools in the U.S. Partners Group said the sale is expected to produce an anticipated return on investment of approximately 4x cost.
Platinum Equity has agreed to buy PrimeSource Building Products Inc. from Itochu Corp. said. Financial terms weren’t announced. Dallas-based PrimeSource is a North America buildings material distributor. J.P. Morgan served as exclusive financial advisor to Itochu.
Nordic Capital has agreed to acquire Resman, a Norwegian oil and gas company. The sellers are Statoil Technology Invest and Verdane Capital. No financial terms were disclosed.
Several investor groups are readying bids for German motorway service station group Tank & Rast, in a deal worth up to 3.5 billion euros ($3.8 billion), sources told Reuters.