What? You didn't hear? Facebook just acquired the photo-sharing app Instagram for, like, a billion dollars. The Empire State's IPO set-up has some of its investors feeling rankled. And Manhattan's tallest residences!
There’s been some pretty grim data on global M&A released in recent weeks. Thomson Reuters, the publisher of peHUB, for example, reported on March 21 that buyside financial sponsor M&A was down 60 percent from the fourth quarter. But a more tailored look at control-stake acquisitions by U.S. sponsors of global targets (as opposed to […]
Sun Capital Partners has acquired CornerStone Research & Development Inc., a manufacturer of vitamins and dietary supplements, from Mitsui & Co. Terms of the deal were not disclosed. CornerStone is based in Ogden, Utah. PRESS RELEASE Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading […]
Cerberus Capital Management is buying a 53% stake in AT&T’s Yellow Pages business. The private equity firm will pay AT&T $750 million in cash and take on $200 million in debt, Reuters reported Monday. (Reuters) – AT&T Inc (T.N) said on Monday it would sell a 53 percent stake in its Yellow Pages business to […]
Buyout firm Nautic Partners has acquired Superior Vision Holdings Inc., a Rancho Cordova, Calif.-based provider of vision insurance coverage. Terms of the deal were not released. Superior Vision was formed in 1993. PRESS RELEASE Nautic Partners LLC, a private equity firm with more than $2.5 billion of capital under management, and Superior Vision Holdings, Inc. […]
Private equity firm Penta Investments has made an offer for German insolvent drug store chain Schlecker, less than a month after buying a 40% stake in Polish retailer EM&F, Reuters reported. Details of the offer were not released. (Reuters) – Private equity firm Penta Investments has made an offer for German insolvent drug store chain […]
Private equity firm KSL Corp. raised its bid for Great Wolf Resorts by 12% to $234 million as it works to top rival buyout group Apollo Global Management, Reuters reported. Great Wolf, North America’s largest operator of indoor water parks, said in a statement that it had received an unsolicited letter from KSL proposing to […]
U.S. private equity firm TPG Capital is bidding to buy failed Japanese memory chip maker Elpida with China’s Hony Capital, Reuters reported. The two firms will participate in the second round of bidding for Elpida, which is due to close on April 27. (Reuters) – U.S. private equity firm TPG Capital LP is bidding to […]
Denver-based DCP Midstream Partners has completed a previously announced dropdown of the remaining 66.67 percent interest in DCP Southeast Texas Holdings, GP from the owner of its general partner, DCP Midstream, in a $240 million deal. DCP Midstream Partners processes, transports and stores, natural gas. It also stores and sells propane. PRESS RELEASE: DCP Midstream […]
Bunge, a publicly traded agribusiness and food company based in White Plains, New York, has acquired the assets of MCN BIoProducts, a company backed by investors Foragen Technologies, CIC Investment Management, GrowthWorks, and FCC Ventures. MCN has been developing a patented process to make canola-based ingredients for the aquaculture and animal feed industries. Terms of […]