Aletheia Research and Management Inc., the third-largest shareholder in Barnes & Noble, has cut its stake in the bookseller just weeks after Liberty Media Corp. offered to buy the company, Reuters reported. According to filings with the S.E.C., Aletheia held an 8.65% stake on June 1, down from a 10.59% stake in April. Last month, Liberty Media offered $17 a share for Barnes & Noble, or roughly $1 billion.
WILMINGTON, Del., June 7 (Reuters) – Self-proclaimed billionaire Lynn Tilton has dumped one of her retail companies into bankruptcy to rinse it of its debts while maintaining control, according to an attorney for a leading creditor. The Internet and catalog retailer of women’s fashion, Signature Styles LLC, filed for bankruptcy late on Monday. The business […]
Edline, which is backed by buyout shop Providence Equity Partners, has acquired online education company TH(i)NQ Ed. Both Edline and TH(i)NQ ED develop online products designed for K-12 education. Terms of the deal were not released. MHT Partners served as Edline’s exclusive financial advisor in the transaction.
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Private equity shop Spectrum Equity Investors has paid $50 million for a minority stake in SeamlessWeb, a site that allows consumers to order restaurant delivery over the Internet. The firm is buying the stake from ARAMARK Corp. The company will use the infusion to help with expansion and possible acquisitions, the company announced in a press release Wednesday. Kirkland & Ellis LLP served as legal advisor to Spectrum.
GDF Suez Energia Italia, owner of Europe’s largest gas distribution network, is selling its Italian gas grid for $1.1 billion, in the latest in a spate of asset sales by the world’s biggest utility. French group GDF sold the network to French insurer AXA‘s private equity arm and Italian investment fund F2i. The transaction is expected […]
As Nefab, a global, Sweden-based packaging company, looks toward a public listing within two years, its president and CEO Stefan Ekqvist, will be leaving his post. At year end, Ekqvist will be replaced by David Mörk, who has worked for Nefab in various functions since 2000, most recently as regional manager for Asia. PRESS RELEASE: The Board and […]
Riverside Company, the Cleveland-based private equity firm, has a Nashville, Tenn.-based freight hauling company, Alliance1, to add to an existing platform company called Express Courier, also based in central Tennessee. Both companies manage time-sensitive deliveries throughout the southeastern U.S. Terms of the transaction were not disclosed. PRESS RELEASE: The Riverside Company has added Alliance1 to its […]
BOSTON, June 7 (Reuters) – Cerberus Capital Management sees a benefit to private equity firms having smaller fund sizes and expects to reduce its fund size in the future, co-founder Stephen Feinberg said in a rare public appearance on Tuesday. Large funds sometimes draw criticism from investors in private equity for being potentially less motivated […]
Utah-based Social network XYDO.com raised $1.25 million in a seed funding led by EPIC Ventures, the Draper Fisher Jurveston partner fund. Specifics on the funding round were not publicized. Nick Efstratis, a managing director at EPIC Ventures, who will join XYDO's board of directors.