Private equity firm CVC Capital Partners will pay around HK$5 billion ($644 million) to buy telecom and broadband assets of City Telecom H.K. Limited, the Hong Kong-listed company said on Wednesday. The agreement is Asia’s largest private equity-backed deal this year, Reuters reported. (Reuters) – Private equity firm CVC Capital Partners will pay around HK$5 […]
Argonne Capital Group, a nine-year-old, Atlanta, Ga.-based private equity firm, has made two news hires: Layton Grisette as principal, and Bill Weimar as vice president. Grisette joins the firm from the Atlanta-based private equity firm Arcapita, and previously worked for both the Home Depot and Deloitte. Weimar also joined from Arcapita. Before Arcapita, Weimar worked in […]
Marietta, Ga.-based BlueStream Professional Services, an affiliate of the century-old supply-chain company KGP Logistics, is acquiring the professional services business of TE Connectivity, an electronic component maker. BlueStream will continue to operate independently from KGP Logistics. The transaction is expected to close in April 2012. Terms of the transaction were not released by KGP, but […]
Boston-based GB Merchant Partners, the investment management affiliate of Gordon Brothers Group, announced today that it has increased its existing term loan to VAS Aero Services, a Boca Raton, Fla.-based company that makes and distributes aftermarket aviation component services. PRESS RELEASE: ‘The Debt Investment Group of GB Merchant Partners, LLC, the investment management affiliate of […]
MediaTek, a Hsinchu, Taiwan-based fabless semiconductor company, has agreed to acquire the Swedish company Coresonic, a digital signal processor (DSP) maker. Coresonic will become a wholly owned subsidiary of MediaTek in Europe. Terms of the deal are not being disclosed. Eight-year-old Coresonic had raised at least $2 million from venture investors in 2010, including from SEB […]
Accordion Partners, a New York-based corporate financing firm, has raised an undisclosed amount of funding led by Dubai-based Eagle Proprietary Investments. Other investors include Peter Lehrman, CEO of AxialMarket, and Alec Guettel, co-founder of Axiom Law. PRESS RELEASE: Accordion Partners, a new model financial services firm delivering cost-effective deal and project execution services to private […]
Earth Fare Inc., the North Carolina-based healthy foods supermarket, is being swapped by PE sponsors. Specifics of the deal were not disclosed, but Oak Hill Capital Partners will acquire the majority stake of the company from Monitor Clipper Partners, which will retain a significant minority interest alongside the company’s management. PRESS RELEASE: Oak Hill Capital […]
Sun Capital Partners, the Florida-based private equity firm, sold its Fearmans Pork, the Canadian pork processing facility, to Sonina Foods, Inc. Specifics on the transaction were not publicized. PRESS RELEASE: Affiliate of Sun Capital Partners, Inc. Reaches Definitive Agreement to Sell Fearmans Pork to Sofina Foods, Inc. Transaction Represents Sun Capital’s Sixth Successful Exit in […]
Fabco Automotive Co., the California-based specialty gearbox, axle and transfer case products maker, completed its acquisition of Cushman & Associates, a Michigan-based provider of power transmission products for defense, transportation and industrial clients. Fabco is backed by PE sponsor Wynnchurch Capital, which acquired the company with its management and Stone River Capital Partners. PRESS RELEASE: […]
Mason Wells has sold packaging company Oliver Products Co. to Berwind Corp. of Philadelphia, peHUB sister pub Buyouts has learned.