U.S. Bank is acquiring Florida-based FSV Payment Systems, a prepaid card processing company. Terms were not released. FSV was founded in 1999.
The Redcats mail order unit of French retail and luxury group PPR is in late-stage talks to sell its plus-size fashion business to Boston-based private equity firm Charlesbank, Reuters reported Wednesday. The deal for OneStopPlus will likely be between $400 million and $500 million, Reuters said. Earlier this month PPR's Redcats unit sold its U.S. sports and leisure business Sportsman's Guide Inc and Golf Warehouse to retailer Northern Tool + Equipment for some $215 million.
Greenwich, Conn.-based Littlejohn & Co. is selling Synchronous Aerospace Group to Precision Castparts Corp. Synchronous is a supplier of complex assemblies and precision components for the commercial aerospace and defense markets. Terms were not released. PRESS RELEASE Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, announced today that it has signed […]
Norwest Equity Partners has completed its $1.02 billion sale of Becker Underwood Inc. to BASF. The deal was announced in September, and closed on November 21.
Ontario Teachers' Pension Plan will acquire Plano Molding Company Inc., a supplier of outdoor sports storage systems. Terms were not released. Teachers’ is making the acquisition through its private equity division, Teachers' Private Capital.
Private equity firms EQT and GIC will start contacting potential buyers for Springer Science+Business Media next week, aiming to fetch up to 4 billion euros ($5.2 billion), two people close to the process told Reuters. The owners have been preparing an initial public offering (IPO) of the German speciality publisher for April 2013 but are now launching a parallel sales process as an outright sale will generate greater proceeds, the sources said.
The Gores Group Small Capitalization Partners fund in partnership with David Matton has completed the acquisition of DMN Ltd. Terms of the transaction were not disclosed. DMN provides communications network infrastructure, engineering services and support to communication providers and contractors in the UK and internationally.
Equity Residential has teamed up with AvalonBay Communities to acquire a portfolio of US apartment properties owned by Archstone. Equity Residential and AvalonBay are acquiring the portfolio from the Lehman Brothers estate for approximately $16 billion.
Alsbridge, a data-driven benchmarking, outsourcing and transformation services provider has acquired consulting firm Telwares. One Equity Partners, the private investment arm of JP Morgan Chase, has sold the business for an undisclosed sum.
Arkadin, a global collaboration services provider, has acquired Novasight, a company specializing in video conferencing services. The transaction was backed by AXA Private Equity.