American buyout firms Carlyle (CG.O) and Bain Capital are among a group of four private equity funds preparing second-round bids for British luxury paintmaker Farrow & Ball, sources told Reuters.
MTS Health Investors has acquired a majority stake in myNEXUS. No financial terms were disclosed. Harpeth Capital advised myNEXUS on the financing. Based in Brentwood, Tenn., myNEXUS is a care management service.
Apollo Global has agreed to buy Express Energy Services from its existing shareholders. No financial terms were disclosed for the transaction, which is being done with Express management. Based in Houston, Express is a provider of products and services for the petroleum and energy sectors.
An investor group led by Siris Capital Group has agreed to buy Digital River in a deal valued at about $840 million. Terms of the deal call for Siris to buy all outstanding Digital River shares for $26 each cash. Minneapolis-based Digital River provides Commerce-as-a-Service solutions. Digital River has the right to solicit alternative offers from third parties during a 45-day “go shop.” Macquarie Capital and Sankaty Advisors are providing debt financing. Morgan Stanley & Co. advised Digital River, while Union Square Advisors and Evercore Partners provided financial advice to Siris.
Canadian lithium mining company RB Energy Inc (TSX: RBI) recently announced that U.S. private equity firm Hale Capital Partners has agreed to provide it with up to US$13 million in debtor-in-possession (DIP) financing. The proceeds are intended to help the company meet current obligations in its restructuring process. The Vancouver-based RB Energy, which owns the Québec Lithium Project near Val d'Or, Québec, as well as mining assets in Chile, filed for creditor protection earlier this month. This week it was announced that the Toronto Stock Exchange will de-list company shares on November 24.
Bankers are preparing debt financing packages of around US$400.7 million to back private equity firm Warburg Pincus' potential sale of U.K. survival equipment company Survitec Group, sources told Reuters. Potential buyers that have made it through to a second round of bidding in an auction process include Blackstone and partner Safariland. Other buyout firms close to the process include Ontario Teachers' Pension Plan and Onex Corp, sources said.
Bankers are preparing debt financing packages of around 250 million pounds (400.70 million US dollar) to back private equity firm Warburg Pincus' potential sale of UK survival equipment company Survitec, banking sources said on Thursday.
Clearlake Capital Group, along with oilfield industry veteran Steve Hardwick, has formed Mission WEST Inc. Houston-based Mission WEST provides oilfield water management solutions to customers in North America. Hardwick is CEO.
Sverica International Management said Thursday it has acquired Resonetics. Financial terms weren’t announced. Nashua, N.H.-based Resonetics provides laser micromachining manufacturing services for medical device and diagnostic companies.
Aqua Terra Water Management, backed by Bregal Partners, has acquired two saltwater disposal facilities operated by Texas SWD Co. Aqua Terr has also acquired a permit for a salt water disposal facility from Coronado Minerals. Financial terms for either deal was not announced. The acquired facilities are located in the Midland Basin of west Texas in Reagan and Upton counties. Both facilities serve producers operating in the Spraberry and Wolfcamp formations. Deerpath Capital Management provided financing for the acquisition.
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