Babson Capital Management said that it provided a combination of subordinated debt and equity to support the recapitalization of Northwestern Management Services. Linden Capital Partners recapped Northwestern Management, which is a a dental practice management company. Financial terms were not released.
Blue Sage Capital has exited its investment in R360 Environmental Solutions, selling the company to Waste Connections Inc. R360, based in Houston, Texas, is a provider of non-hazardous oilfield waste treatment, recovery and disposal services. Terms of the deal were not released.
The Canada Pension Plan Investment Board said it has agreed to buy a large stake in motorcyle racing group Dorna from private equity firm Bridgepoint. CPPIB said on Friday it would take a 39 percent stake in the business that has the rights to organise MotoGP events for an undisclosed sum, Reuters reported.
Industrial machinery maker Gardner Denver Inc. said it is exploring strategic alternatives including a potential sale or merger of the company, confirming a Reuters report earlier on Thursday. Gardner Denver said in a statement that its board of directors is working with its management team and financial adviser Goldman Sachs Group Inc. to evaluate options to enhance shareholder value.
Warren Buffett's Berkshire Hathaway Inc. won a bankruptcy auction for a Residential Capital LLC loan portfolio with a $1.5 billion bid, ResCap said on Thursday. Berkshire had been the opening bidder for the portfolio of 47,000 whole loans at $1.44 billion. A sale approval hearing is scheduled for Nov. 19 before the bankruptcy court, Reuters wrote.
Yahoo Inc. said on Thursday it bought a small, mobile start-up company in New York, marking one of new Chief Executive Marissa Mayer's first moves to revamp the struggling Web pioneer by acquiring outside products and technology, Reuters reported. Yahoo purchased Stamped, which makes a product that lets consumers share favorite restaurants and music on their smartphones. It did not disclose financial details. In a blog on the Stamped website, Stamped co-founders wrote that Yahoo would discontinue the Stamped product by the end of the year and that the team would be working on something "big, mobile and new."
Fifty-nine percent of private equity executives believe their investment activity will rise over the next year, while 33 percent believe it will remain "about the same" and 8 percent expect to decrease their investment activity, according to a recent poll taken by audit, tax, and advisory firm KMPG.
In a deal that may top $3 billion, industrial machinery maker Gardner Denver Inc. is exploring a sale and has drawn initial interest from TPG Capital, KKR, Blackstone, Bain Capital and Onex, according to an exclusive report from Reuters.
Fondaction announces it has invested a total of $4 million in Groupe JLD Laguë since 2011, in conjunction with other investors. Groupe JLD Laguë has been created as a result of a merger between Groupe JLD and Équipements Laguë, and will be the largest distributor of John Deere farm equipment in the province of Québec.
Aterian Investment Partners, an investor focused on small-to-middle businesses, has completed a carve-out acquisition of ten heat treating facilities in the United States and Canada from Bluewater Thermal Solutions. The acquired plants will continue to operate under the Bluewater name. Terms of the deal were not released.