Blackstone is planning on selling 15 million of its shares in SeaWorld Entertainment in a secondary public offering. The sale would reduce Blackstone's ownership stake in SeaWorld from 63% to 46%. SeaWorld launched an IPO last April. Based in Orlando, Florida, SeaWorld is a theme park operator.
Private equity firm New Mountain Capital LLC is exploring a sale of Inmar Inc, a provider of coupon processing and logistics services to companies, seeking more than $600 million, sources told Reuters.
White Wolf Capital said Wednesday that it has completed a recapitalization of Aero Precision. No financial terms were disclosed. Joe Hoff, VERCOR's managing director, advised Aero Precision in the transaction. Based in Tacoma, Wash., Aero Precision is a maker of firearm components.
Goldman Sachs Group Inc's private equity arm is nearing a deal to acquire events services company PSAV Presentation Services for close to $900 million, sources told Reuters.
J.F. Lehman & Company has sold Drew Marine, a manufacturer of advanced performance chemicals and safety solutions for the maritime and offshore markets, to The Jordan Company.
Hammond, Kennedy, Whitney & Company portfolio company Corporate Visions has acquired Executive Conversation. The business is a business and financial acumen sales training company.
Ares Management and GE Capital are mandated lead arrangers for the senior unitranche facilities for Ethypharm, a French portfolio company of Astorg Partners. Proceeds of the facilities will be used to refinance existing indebtedness and fund future acquisitions.
NewSpring Capital and Plexus Capital have acquired Boston, MA based Northeast Ship Repair. Ed Snyder, the company's current president will become the CEO.
J.F. Lehman & Company has sold its portfolio company ACR Electronics to affiliates of The Jordan Company. ACR is a provider of safety and survival solutions including emergency rescue beacons and safety and signaling lighting to aviation, marine, military and outdoor customers. Terms of the transaction were not disclosed.
Private equity firm Roark Capital Group has clinched a deal to acquire Apollo Global Management-based restaurant group CKE Inc, the parent of the Hardees and Carl's Jr fast food chains, writes Reuters. The deal values CKE at between $1.65 billion to $1.75 billion, writes Reuters.