Oaktree Capital Management, along with real estate investor Michael Rosenfeld and his Woodridge Capital Partners, have acquired the Fairmont San Francisco Hotel, paying $200 million. The hotel was purchased from Maritz, Wolff & Co., which acquired its investment in the hotel in 1998 in partnership with Kingdom Holding, which is retaining its interest. Fairmont Hotels […]
Filling some big boots, Richard Hall has been promoted to replace Steve LeBlanc as head of private equity for the $110 billion Texas Teachers’ Retirement System, confirmed Howard Goldman, the system’s director of communications. LeBlanc, an innovative private markets chief, is perhaps best known for steering giant separate account deals in which Texas Teachers’ committed $6 billion to Apollo and KKR.
Publicly traded Compass Diversified Holdings is selling its majority-owned subsidiary, HALO Holding Corp., to Candlelight Investment Holdings Inc., for a total enterprise value of $76.5 million, the firm announced Wednesday. Compass Diversified acquired HALO in February 2007. PRESS RELEASE Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, […]
Private equity firm Corinthian Capital Group announced Wednesday that its portfolio company GroupAero has recapitalized NC Dynamics Inc. NC Dynamics, based in Long Beach, CA, engineers, manufactures and assembles sophisticated machined structures for the commercial aerospace and defense industry. Terms of the deal were not released. PRESS RELEASE Corinthian Capital Group, LLC, a private equity […]
Publicly traded Wabash National Corp. paid $360 million to buy Walker Group Holdings, a supplier of stainless steel products. Walker was a portfolio company of Insight Equity, a Texas-based private equity firm. The deal closed on May 8. Harris Williams & Co., a middle-market investment bank, served as advisor. PRESS RELEASE Harris Williams & Co., […]
Baltimore-based private equity firm Camden Partners led a growth financing, and majority recap of payment solutions provider Capital Payments. The financing also included participation from CCA Financial Partners, Hamilton Investment Partners, and senior management team members. Terms were not released. PRESS RELEASE The leading payment solutions provider to independent software vendors, Capital Payments, LLC, is […]
Babson Capital Management has provided $6 million in mezzanine debt, and made an equity co-investment of $1.5 million, to support Fort Point Capital’s investment in Church Services LLC. Formed in 1990, Church Services is a provider of residential services to homeowners, including the repair, maintenance and replacement of heating, ventilation, and air conditioning systems, electrical […]
Confie Seguros, a New York-based national insurance distribution company formed by Genstar Capital, has completed the acquisition of six insurance agencies. Terms were not released. The companies acquired are: Survival Insurance, Speedlane Insurance, The Chapman Agency, Coppola Insurance, Palmetto Insurance, and Daley Insurance. PRESS RELEASE Confie Seguros, a rapidly growing national provider of personal lines […]
Japanese private equity company Unison Capital has agreed to purchase drugmaker Showa Yakuhin Kako for an undisclosed amount, writes Reuters. Unison Capital is to buy the business with GC Corp, a Japanese maker of dental care materials, according to Reuters. Reuters – Japanese private equity company Unison Capital said on Wednesday it has agreed to […]
Czech private equity group Penta Investments and Luxembourg-based Eastbridge Group will together hold 74 percent of Polish retailer Empik Media & Fashion after a public tender, reports Reuters. Penta and Eastbridge, which already hold 60 percent of EM&F, had wanted to raise their joint stake to at least 80 percent in order to delist the […]