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.
Goldman Sachs and KKR have sold their remaining 13.9 percent stake in German forklift truck maker Kion at 38.15 euros ($41) a share, sources told Reuters.
Kohlberg & Company LLC has acquired AM Conservation Group, a Charleston, South Carolina-based provider of energy and water efficiency programs and services. No financial terms were disclosed. Piper Jaffray was financial advisor to AM Conservation Group on the transaction while GE Antares Capital, Fifth Third Bank and Metropolitan Life Insurance Company provided credit financing.
BlackRock and First Reserve have partnered with a subsidiary of Petroleos Mexicanos to buy about 45 percent of the equity interest in two natural gas pipelines -- Los Ramones Phase II North and Los Ramones Phase II South. The pipelines are part of a project to build and operate natural gas pipelines to serve as energy infrastructure to transport natural gas from the Eagle Ford shale region in Texas to meet Mexican demand.
Wind Point Partners has acquired Gehl Foods, which produces aseptic dairy products. As part of the deal, Wind Point is installing Eric Beringause as chief executive officer, to replace Katherine Gehl. Gehl reported sales of almost $250 million in 2014.
Clayton, Dubilier & Rice LLC expects to roughly triple its money with the sale of British Car Auctions, or BCA, a person familiar with the matter said.
Private equity made a strong showing in the IPO market during the past two years, according to a new study. Law firm Proskauer Rose LLP analyzed 119 IPOs from 2014 to compile its second annual “IPO Study.” Of that total, 56 (or 47 percent) were sponsored-backed, the study said. That compares to 136 IPOs in 2013, of which […]
U.S. private equity firm Carlyle Group has agreed to buy Sterling Resources' Romanian gas fields, days after it raised US$2.5 billion to snap up energy assets around the world, Reuters reported. Sterling, a Calgary-based oil and gas company, will receive US$42.5 million from Carlyle's international energy fund for its entire Romanian operations as it struggles to stay afloat following the recent drop in oil prices.