Australian gas pipeline owner Hastings Diversified Utilities Fund received a $1.25 billion takeover offer from a consortium including a Canadian fund manager on Tuesday, setting up a bidding war against APA Group, Reuters reported. APA left its options open on Tuesday, extending its A$1.1 billion ($1.1 billion) hostile bid by two months to July 31 […]
KPS Capital Partners, via the newly formed company W Foundry International, has agreed to acquire ThyssenKrupp Waupaca. Terms of the deal were not released. ThyssenKrupp Waupaca is the largest iron foundry company in the world and produces gray and ductile iron castings using state-of-the-art technology, the firm said in a written release. PRESS RELEASE KPS […]
Symphony Technology Group said Tuesday that it has acquired Source Healthcare Analytics from Wolters Kluwer. Financial terms weren’t announced. Symphony Technology will combine Source Healthcare with its existing portfolio company, ImpactRx, to form Symphony Health Solutions. PRESS RELEASE Symphony Technology Group (STG), a strategic private equity firm with the mission of investing in and building […]
Superior Capital Partners has bought the gourmet desserts division of Heinz North America. Financial terms weren’t announced. The new entity will be called Dianne’s Fine Desserts and will be led by Michael Knowles as CEO and Daniel Scales as President. Headquartered in Newburyport, Mass., the company will have about 500 employees. PRESS RELEASE Superior Capital […]
Juniperus Capital Holdings, which is backed by Aquiline Capital Partners, said Monday that Chris McKeown has joined as CEO effective immediaqtely. Marsh & McLennan Cos. in April took a minority stake in Juniperus. McKeown succeeds Phil Lotz, who will remain executive chairman. McKeown was recently Vice Chairman of North America Broking at Guy Carpenter. PRESS […]
Want to buy an industrial company? The price tag will be rich.
Casual dining chain Houlihan's Restaurants Inc is in talks with private equity firms and other restaurant companies to sell itself in a deal that could fetch nearly $100 million
Platte River Ventures has sold portfolio company PRV Aerospace to New York-based Court Square Capital Partners. Terms of the deal were not released. PRV Aerospace supplies components, subassemblies and assemblies to manufacturers of aircraft, aero-equipment and other defense platforms. Platte River Ventures is based in Denver. PRESS RELEASE Platte River Ventures (“Platte River”), a Denver, […]
Topspin LBO and AUA Private Equity have invested an undisclosed amount into Brighter Dental Care, a regional dental practice management company. Terms were not released. Brighter Dental Care operates and manages seven affiliated dental practices in New Jersey. PRESS RELEASE Topspin LBO and AUA Private Equity announced that they have invested in Brighter Dental Care […]
Buyout shop Avista Capital Partners is buying Top-Co Inc., a designer and manufacturer of specialized casing cementing products used in the drilling and completion of oil, natural gas and geothermal wells. Terms of the deal were not released. The deal is expected to close during the second quarter. Top-Co is based in Edmonton, Alberta. PRESS […]