XL Inc., which is backed by The Halifax Group, has merged with ALON. Financial terms weren’t announced. Springfield, Va.-based ALON is a program management, strategic acquisition planning and financial management services business. PRESS RELEASE XL, Inc., (“XL”) a global acquisition, grants and professional services company based in McLean, VA, announced today it has merged with […]
Woodstream Corp., which is backed by Brockway Moran & Partners and CHS Capital, has competed its buy of Senoret Group. Financial terms weren’t announced. Senoret provides pest control products sold under the TERRO and Sweeney’s brand names. PRESS RELEASE Woodstream Corporation (“Woodstream”), a portfolio company of Brockway Moran & Partners and CHS Capital, has completed […]
The Edelman Financial Group said Monday that it has agreed to sell itself to Lee Equity Partners for $8.85 a share cash. The offer represents a 43% premium to Edelman’s closing share price of $6.18 Friday. The transaction is expected to close in third quarter. Houston-based Edelman Financial is a wealth management firm. Ric Edelman […]
Great Wolf Resorts has received an offer from KSL Capital Partners to buy the company for $7 per share, according to Reuters. This comes days after Great Wolf’s largest investor rejected an earlier bid made by Apollo Global. Reuters – Great Wolf Resorts said late on Sunday it received an offer from KSL Capital Partners […]
Spectrum Equity, which has invested in SurveyMonkey and Ancestry.com, searches for growth equity deals.
Better Capital‘s BECAP12 Fund LP has completed its second acquisition. The transaction comprises all of the secured debt and a 90% stake in UK-based fashion retailer Jaeger. The aggregate cost of the acquisition was 19.5 million pounds ($30.9 million). PRESS RELEASE Better Capital PCC Limited (the “Company”) is pleased to report that BECAP12 Fund LP […]
Vision Capital has acquired Vitopel from funds advised by DLJ Merchant Banking Partners and J.P. Morgan Partners. Vitopel is a producer of BOPP (bi-axially oriented polypropylene) film in Latin America, generating over $300 million of revenue in 2011. As part of the transaction, Vision Capital completed a debt restructuring led by Vitopel’s existing creditors, Credit […]
Japanese Able & Partners Inc., a holding company with real estate operations, said on Friday that it has agreed to be purchased by AC Corp. in a deal priced at 33 billion yen ($407 million). AC Corp, which is owned by Able & Partners’ chairman, will pay 580 yen per Able share in a management […]
CVR Energy Inc., which has been opposing Carl Icahn‘s $2.26 billion bid to buy the crude oil refiner, said it had held discussions with the billionaire investor regarding his offer and proxy fight, Reuters reported Friday. However, no confidential information was provided to Icahn, CVR said in a filing with the Securities and Exchange Commission. […]
Friday's peHUB First Read closes out the week with a bang: where carried interest tax hikes are getting shot down, how we can teach the SEC to do its job, and we introduce you to Dan the baboon.