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 […]
Blackstone has expanded its property presence in London, buying the 12-building Devonshire Square office and retail complex from Rockpoint and the Abu Dhabi Investment Authority, writes Reuters. The deal was signed on Friday for just under 340 million pounds ($549 million), according to the Financial Times, about 17 percent below the 410 million pounds paid […]
Medical device company Smith & Nephew has launched a spinoff in Durham, N.C., called Bioventus. The company was formerly Smith & Nephew’s biologics division.Private equity firms Essex Woodlands, Pantheon Ventures, Spindletop Healthcare Capital, Alta Capital Partners, Ampersand Capital Partners, and White Pine Medical, are investing $118M to acquire 51% of Bioventus. PRESS RELEASE: Essex Woodlands […]
Pure Biofuels del Peru management, along with New York-based private equity fund manager Pegasus Capital Advisors, have agreed to acquire Lima-based Pure Biofuels. Terms of the deal aren’t being disclosed. PRESS RELEASE: Pure Biofuels del Perú, SAC (the “Company” or “Pure Biofuels”) management is pleased to announce the acquisition and recapitalization of Pure Biofuels in […]
Lower and middle-market private equity investor Prospect Partners has recapped Landmark Irrigation Inc., a Madera, Calif.-based provider of custom agricultural systems. Terms of the recapitalization were not released. Landmark Irrigation is a portfolio company of Prospect Partner III, L.P. PRESS RELEASE Prospect Partners, LLC, a leading private equity firm investing in smaller lower-middle-market companies, today […]
More than 70% of Water Street Healthcare's fund II is invested.
This morning's First Read comes with some bad news for one entrepreneur, some good news for the folks at Paperless Post, and a dividend recap to boot.
Dayton Parts, which was backed by Capital Partners, was sold to AEA Investors and company management. Financial terms weren’t announced. BB&T Capital Markets advised Dayton Partners. Harrisburg, Pa.-based Dayton Parts is a specialty distributor of undercarriage replacement truck and trailer parts to the U.S. medium and heavy duty aftermarket. PRESS RELEASE On May 4, 2012, Dayton Parts, […]
The PE firm slightly sweetens an LBO offer--but will the former SPAC partner bite?
(Reuters) – Carl Icahn won control of oil refiner CVR Energy Inc. on Monday as shareholders backed his $2.6 billion takeover, ending a three-month long tussle with the company’s board. Icahn said at least 63 percent of CVR’s shares had been tendered to his $30-a-share offer. With the purchase of these shares, which will occur […]