Francisco Partners has completed its take-private acquisition of EF Johnson Technologies Inc. (Nasdaq: EFJI), an Irving, Texas-based provider of secure communications solutions to organizations that protect and save lives. The deal valued EF Johnson at nearly $40 million, or $1.50 per share.
Irving Place Capital has agreed to acquire a majority stake in pet products retailer Pet Supplies Plus. No pricing terms were disclosed, although LBO Wire previously reported that the deal would include around $80 million in equity (including $18m from management). Debt financing was committed by BNP Paribas, Societe Generale and KeyBanc Capital Markets.
(Reuters) – Private equity firm TPG Capital’s [TPG.UL] debt investment team is looking at a restructuring plan for Australian power generator Alinta Energy (AEJ.AX), The Australian newspaper said on Friday. The TPG fund has teamed up with other lenders to draft a debt-for-equity plan to resurrect the company as a single entity, The Australian said, […]
SYDNEY (Reuters) – Australia’s Telstra Corp Ltd (TLS.AX) has agreed to offload its stake in SouFun, China’s second-largest online real estate website, to two private equity firms and existing shareholders for around $400 million ahead of a float. Telstra said on Friday private equity firms General Atlantic and Apax Partners APAX.UL and two SouFun shareholders […]
NEW YORK (Reuters) – Private equity firm CVC Capital Partners [CVC.UL] asked lenders to global chemicals distributor Univar to approve a new $300 million loan and extend existing debt as it readies a 49 percent stake sale, sources told Thomson Reuters LPC. The stake is expected to be sold to another private equity firm, one […]
NEW YORK (Reuters) – Ashland Inc (ASH.N), the chemical maker and Valvoline brand owner, is looking to sell its chemicals and plastics distribution business and has hired Bank of America (BAC.N) to advise on the possible sale, according to several sources familiar with the matter. The business has brought in around $73 million in adjusted […]
It's Thursday and we have another media deal. peHUB has learned that Hoffman Media, which publishes “Cooking with Paula Deen,” is up for sale. Birmingham, Ala.-based Hoffman specializes in magazines that cater to women. Their titles include “TeaTime,” “Southern Lady," “Just CrossStitch” and “Sew Beautiful Quarterly.” Hoffman is best known for its magazine focused on Deen, who is the host of three shows on the Food Network, including Paula’s Home Cooking. All of Hoffman Media was put up for sale in April with indications of interest due a few weeks ago, sources said. It is not clear what the company will fetch. DeSilva + Phillips and McColl Partners are advising on the process. “Paula Deen is a good property,” says a buyout exec. “It’s a huge success for the company.”
Red Ventures, a Fort Mill, S.C.-based provider of online marketing services, has raised an undisclosed amount of growth equity funding from General Atlantic.
Arta Capital and L Capital Partners have agreed to acquire a 27.9% stake in Pepe Jeans, for €85 million. Sellers include Spanish private equity firm Torreal and Pepe management, which will end up holding 31% and 30% of the company, respectively.
(Reuters) – Viom Networks, previously known as Quippo-WTTIL, said on Wednesday SBI-Macquarie Infra Fund has bought about 11 percent stake in the firm for $304 million. SBI-Macquarie Infra Fund bought the stake from Quippo Telecom Infra, the firm said in a statement. Viom Networks, a joint venture between India’s Tata Tele and Quippo Telecom, was […]