Warburg Pincus has recapitalized Endurance Energy Ltd., an early-stage exploration and production company. The buyout shop now holds a majority stake in the company, and may invest up to C$155 million to support growth efforts. Specific terms of the recap were not released. Endurance is focused on shallow natural gas assets in the Western Canadian […]
In political circles, Bain Capital might be a four-letter word, but the sound of the PE shop raising a new fund is likely music to LPs' ears.
Japanese trading house Marubeni Corp. will buy U.S. grain merchant Gavilon for $3.6 billion, a landmark deal that may put it in pole position to benefit from China’s booming demand for imported corn from the world’s biggest supplier, Reuters wrote. The deal is also a come back of sorts for Dwight Anderson, whose Ospraie hedge […]
MVC Private Equity Fund L.P. has put an undisclosed amount of capital into Focus Pointe Global, a provider of marketing research data collection. The company has also named Noel Sitzmann chief executive. Terms of the financing were not released. PRESS RELEASE Focus Pointe Global (FPG), a leading provider of marketing research data collection, has received […]
Automotive parts and service chain Pep Boys-Manny, Moe & Jack said the sale of the company to private equity firm Gores Group has been called off. Shares of Pep Boys fell about 10% to $10.01 in trading after the bell on Tuesday on the New York Stock Exchange, Reuters wrote.. Pep Boys will get $50 […]
Fiat (FIA.MI) and Ferrari’s corporate parent Exor (EXOR.MI) mulled an investment in motor racing company Formula One before its initial public offering, and opted to pass because the price was too high, Chairman and CEO John Elkann said on Tuesday. Private equity fund CVC Capital Partners CVC.UL recently sold a “pre-IPO” stake for $1.6 billion […]
The Dallas-based private equity firm Lone Star Funds warned the South Korean government yesterday that it is initiating arbitration proceedings over the sovereign state’s involvement in Lone Star’s sale of Korea Exchange Bank to Hana Financial Group earlier this year for roughly $3.5 billion. PRESS RELEASE: Lone Star Funds (“Lone Star”) confirmed today that it […]
Interline Brands of Jacksonville, Fla., which makes products used by locksmiths and professional contractors, is being acquired by GS Capital Partners P2 Capital Partners for roughly $810.9 million in cash. Interline intends to maintain its corporate headquarters in Jacksonville. PRESS RELEASE: Interline Brands, Inc. IBI +39.80% (“Interline” or the “Company”), a leading distributor and direct marketer […]
Excellere Partners, a Denver-based private equity firm, announced today that its portfolio company, auto insurance provider Personable Insurance, has acquired car insurance company Endeavor General Agency, the second acquisition for Personable in the last six months. Terms of the deal were not disclosed. PRESS RELEASE: Excellere Partners, a Denver-based private equity firm focused on partnering […]
Sentica Partners will acquire a 50% stake in Silta Oy from publicly traded Logica. Silta Oy is a venture with Finnish insurance companies Varma Mutual Pension Insurance Company and Sampo Oy. Terms were not released. Logica is a business and technology services company. PRESS RELEASE Logica today announces the conditional sale of its 50% […]