Mason Wells has acquired Whitehall Specialties. Financial terms were not announced. Northleaf Capital, PPM America, Audax Mezzanine and company management are also investing. BMO Capital Markets and Audax are providing financing. Whitehall, of Wisconsin, produces and markets custom analog and processed cheese products.
Littlejohn & Co. has agreed to sell Synchronous Aerospace Group to Precision Castparts Corp. Financial terms weren't announced. Santa Ana, Calif.-based Synchronous supplies complex assemblies and precision components for the commercial aerospace and defense markets. Lazard advised Synchronous.
Kingdom Holding Company (KHC) has acquired the recently-opened Four Seasons Hotel Toronto for C$200 million. The Saudi-owned KHC, which undertakes private equity and other types of investments worldwide, increased its interest in the Canadian hotel management sector with this buy. KHC has owned shares in Four Seasons Hotels and Resorts since the mid-1990s, and in 2006 took the company private in collaboration with Cascade Investment LLC, owned by Bill Gates, for C$4.2 billion.
The McGraw-Hill Companies has agreed to sell its McGraw-Hill Education business to Apollo Global Management for a purchase price of $2.5 billion. The transaction is expected to close in late 2012 or early 2013. PRESS RELEASE The McGraw-Hill Companies (NYSE: MHP) (“the Company”) today announced it has signed a definitive agreement to sell its McGraw-Hill […]
Monomoy Capital Partners has acquired the assets of MPI LLC from Revstone Industries. Terms were not released. MPI is a manufacturer of high-precision, fineblanked metal components for powertrain systems and hydraulic systems.
Versa Capital Management has acquired outdoor apparel and products retailer Eastern Mountain Sports, the firm announced. Terms were not released. Mark Walsh, a Versa principal and chairman of Versa-backed Bob’s Stores, will serve as Chairman of the EMS board.
Brynwood Partners has exited its investment in Balance Bar Company, selling the company to NBTY Inc. Balance Bar was founded in 1992, and acquired by Brynwood VI from Kraft Foods, Inc. in 2009. Terms of the exit were not released. NBTY is backed by the Carlyle Group.
Aston Martin stands at the center of an international takeover battle after Indian motors group Mahindra trumped an Italian bid for half of the British luxury car maker, Reuters wrote Monday. Italian private equity fund Investindustrial reached a agreement on Thursday with the owner, Kuwaiti investment house Investment Dar, but Mahindra made a higher offer on Friday, leaving the fate of the 98-year old icon of British motor engineering hanging in the balance, sources familiar with the discussions said.
Platte River Equity has acquired The WellMark Company, an Oklahoma City-based manufacturer of liquid and pneumatic flow controls and valves serving the oil and gas and petrochemical industries. Terms of the deal were not released.
Canadian private equity company Onex Corp. will pay $2.3 billion to acquire USI, a provider of insurance brokerage services, Onex announced Monday. The deal is expected to close by the end of 2012. Founded in 1994, USI is based in Briarcliff Manor, New York and has more than 3,300 employees. Under the terms of the deal, an equity investment of approximately $700 million will be made by Onex Partners III, in which Onex is a 25% limited partner; Onex as a co-investor in the transaction; and USI's employees, the firm said in a statement.