NewSpring Capital has closed its buy of X5 Solutions. No financial terms were disclosed. Based in Seattle, X5 Solutions is telecommunications solutions provider.
Investors PAI and Goldman Sachs are starting preparations for a stock market listing or sale of building materials group Xella in a potential 2.5 billion euro ($2.7 billion) deal, two people familiar with the matter told Reuters.
Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Berkshire Hathaway Inc, to form North America's third-largest food and beverage company, Reuters News reported.
Kinderhook Industries said Wednesday that it acquired Superwinch Holdings from Islington Capital Partners. Financial terms weren’t announced. Dayville, Connecticut-based Superwinch designs, makes and markets winch systems and accessories. TCF Capital Funding provided financing.
Meridian General Capital said Tuesday that it acquired Silver Spur Corp. Financial terms weren’t announced. Cerritos, California-based Silver Spur supplies specialty glass and plastic bottles and containers to the North American market.
Wheelhouse LLC said Tuesday that it is expanding into private equity investing. The executive management firm has formed Wheelhouse Capital Partners, which is backed by Global Endowment Management. Wheelhouse Capital will seek to invest in lower middle market business in healthcare and industrial services.
Penfund said Tuesday that provided a $37 million loan to Pediatric Services Holding Corp., the parent of PSA Healthcare. J.H. Whitney Capital Partners recently acquired PSA. Atlanta-based PSA provides home nursing services to medically fragile children.
We've had a terrific turnout for our Buyouts East conference in Cambridge, Mass., which runs today and tomorrow. For those who weren't able to make it, here are three highlights.
After four years, the private equity firms that acquired GoDaddy Inc stand to double their money when the Web hosting company goes public.
Maxim Resources Inc (TSX-V: MXM) has agreed to acquire up to 25 percent indirect equity ownership in an oil and gas exploration and production concession covering an onshore area in the United Arab Emirates. The interest will be secured through Maxim's acquisition of up to 50 percent of the shares of Quest Oil & Gas Ventures Inc, a subsidiary of the Dubai-based Quest Investments, which is controlled by the Al Ansari family. As part of the deal, the financial terms of which were not disclosed, Quest will become a shareholder in Maxim, potentially owning more than 20 percent of the company's shares. Maxim has its headquarters in Vancouver.