U.S. grocery store operator Safeway Inc is in advanced talks with private equity firm Cerberus Capital Management LP over a leveraged buyout deal that may come within the next few weeks, sources told Reuters.
Mentor Capital has acquired a 51 percent stake in MicroCannaBiz. No financial terms were disclosed. MicroCannaBiz is a provider of media products and marijuana investment publications. It was recently launched by Financial Research Solutions to address the legal cannabis market.
The Blackstone Group and GIC have invested $750 million in cloud-based workforce management services business Kronos Inc, investing alongside original investors Hellman & Friedman and JMI Equity. Hellman & Friedman will remain the majority investor. Hellman & Friedman and JMI Equity took Kronos private in 2007 in a $1.8 billion transaction.
LBC Credit Partners has provided a $15 million second lien term loan to support the acquisition of building components company Alliance Steel by Associated Steel Group, a portfolio company of Promus Equity Partners. Associated Steel Group was formed through acquisitions of ACI Building Systems and AIM Metals.
Lindsay Goldberg, which is in the market raising its fourth fund, has reportedly put First American Payment Systems up for sale again.
DNA Precious Metals Inc (OTCQB: DNAP) said Thursday that it has received a revolving credit facility of up to $10 million from an unnamed Chicago-based private equity firm. According to the company, the financing will be used for operating capital, to fund mining acquisitions, and for future production. Headquartered in Saint-Léonard, Québec, DNA is an exploration-stage mining producer. Update: the company is currently focused on near-term production of the Montauban tailings mine in Portneuf County, Québec.
Philippe Schenk of Grove Street discusses the benefits of using private equity funds to diversify a portfolio, and by "PE" he means more than just large buyout funds.
Specialty finance company CapX Partners has provided $11.175 million in financing to 21st Century Oncology. Based in Fort Myers, Florida, 21st Century Oncology is provider of cancer care services.
Ardian said Thursday that it has purchased a 49 percent stake in Micropross. No financial terms were disclosed. Based in France, Micropross is a provider of products and solutions for the smartcard sector.
DNA Precious Metals said Thursday that it has received a credit facility of up to $10 million from an unnamed Chicago-based private equity firm. According to DNA, the financing will be used for operating capital and acquisitions. Headquartered in Québec, DNA is an exploration stage mining company.