Computer maker Dell Inc set indicative pricing on the new $5.5 billion loan backing the company's approximately $25 billion buyout by founder and CEO Michael Dell and private equity firm Silver Lake Partners, sources told Thomson Reuters. The new deal will include a $1.5 billion, five-year term loan C and a $4 billion, 6.5-year term loan B. The term loans are expected to be covenant-lite, writes Reuters.
TA Associates has bought a majority stake in BluePay Processing.
Propel Equity Partners said Wednesday that it has purchased the ZOOB construction toy line from Infinitoy. No financial terms were disclosed. Based in Greenwich, Conn., Propel Equity is a private equity firm that invests in consumer brands.
Calgary and Oklahoma City-based Lighthouse Oil & Gas Ltd. said Wednesday that it has completed its buy of oil and gas properties in western Oklahoma. Harding|Shelton Inc. was one of the sellers. No financial terms were disclosed. U.S. real asset investment firm Talara Capital Management and private equity firm The Energy & Minerals Group helped finance the transaction with equity commitments.
Black Diamond Capital Management said Wednesday that it has acquired TFL. No financial terms were disclosed. TFL is a provider of specialty chemical solutions for the leather industry.
Nova Capital has closed its purchase of Newell Rubbermaid's hardware unit for $214 million. The hardware business includes Amerock, Ashland, Bulldog and Shur-Line brands. Nick Morrisroe, formerly of Newell Rubbermaid, will continue to serve as vice president and general manager for the combined hardware businesses. Also, David Jacobs and Richard Lobo have joined the boards of the businesses as Nova’s investment partners, while Ronald Foy of Nova is now an operating partner. Newell Rubbermaid is a producer and distributor of commercial products.
Corridor Capital has acquired a majority stake in Innovative Office Products. Financial terms weren't announced. Easton, Pa.-based Innovative Office Products makes ergonomic mounting solutions for flat panel monitors, notebooks, tablet PCs and control panels.
British rail ticket retailer and information provider thetrainline.com has raised a 190 million pound ($298.69 million) loan to refinance existing debt and pay a dividend to its private equity owner Exponent, banking sources told Reuters.
Accel-KKR has acquired a majority stake in EA Holdings. Financial terms weren't announced. The deal includes EA businesses National Electronic Attachment and Medical Electronic Attachment. National Attachment and Medical Attachment provide electronic attachment services that helps payors and providers automate the healthcare claims process.
TA Associates has acquired a majority stake in BluePay Processing. Financial terms weren't announced. Goldman Sachswas the seller. BluePay provides payment processing services to merchants in the U.S. and Canada. News of the deal was reported by peHUB last month. UPDATE: James Bunn, Steve Hufford, Kate Crespo, Paul Fricilone and Scott Roman of Raymond James & Associates provided financial advice to BluePay on the deal.