Today's peHUB First Read is a good one: explaining why NYC is tops for VC on the East Coast (hint: it takes a feminine touch), Leonard Green packing on the bucks, and why nobody wants to be a journalist.
Northstar said Wednesday that it has created and capitalized a new company called Northstar Offshore Group. Also, effective Feb. 1, Northstar has entered into letters of intent to buy producing assets in the Gulf of Mexico shelf and begin drilling. Northstar did not disclose the seller. Houston-based Northstar is an oil and gas production company […]
Granite Equity Partners is selling Atomic Learning to Boathouse Capital and Renovus Capital Partners, a pair of Pennsylvania-based private equity firms. The PE firms invested $19 million in subordinated debt along with Atomic Learning’s management and M&I Bank provided senior debt. Atomic Learning is a Minnesota-based education company providing technology to instructors. DLA Piper, advised […]
Sterling Investment Partners has sold Cambridge International to Industrial Growth Partners. Financial terms weren’t announced. The deal closed on April 10. Cambridge makes custom-built conveyor belts and related woven metal mesh solutions. News of the deal was announced by Harris Williams, which provided financial advice to Sterling. Derek Lewis, John Klim and Ben Ross led […]
The Cambian Group said Wednesday that it has acquired Signpost Children’s Services. Financial terms weren’t announced. London-based GI Partners provided capital for the deal. U.K.-based Signpost is a specialist provider of residential care for deaf children and young adults with additional complex needs. PRESS RELEASE The Cambian Group, one of the UK’s leading providers of […]
The financing markets are strong enough to support deals ranging from $1 bln to $15 bln, says Roger Matthews, who heads the global restaurant group at Goldman Sachs.
Source Capital led an investor group in the acquisition of Sun and Skin Care Research Inc., a manufacturer of branded and private label sun-care products. Terms of the deal were not released. SSCR was founded in 1989, and is based in Cocoa, Fla. PRESS RELEASE Sun and Skin Care Research Inc. (“SSCR”), a leading manufacturer […]
Volkswagen‘s luxury-car division Audi plans to announce the acquisition of Ducati next week, having completed a due diligence assessment of the Italian motorcycle maker, Reuters wrote Wednesday, citing people familiar with the matter. One of the sources said that Ducati’s main shareholder, buyout firm Investindustrial, agreed to talk with Audi exclusively. (Reuters) – Volkswagen’s luxury-car […]
Travelzoo Inc., a publisher of travel newsletters and websites that has seen its shares plunge 75% since July last year, is planning to sell itself, Reuters reported. The New York-based Internet company, which provides travel deals on flights, hotels, vacation packages and cruises, is in the process of hiring a financial adviser. The company has […]
KSL Capital Partners said Wednesday that it will acquire the Grove Park Inn Resort & Spa, located in Asheville, N.C., from Sammons Enterprises Inc. Terms of the deal were not released. KSL Capital Partners said that it is planning a $25 million renovation of the resort’s public areas, guest rooms, dining outlets, meeting spaces and […]