LONDON (Reuters) – Warburg Pincus is buying British discount retailer Poundland from fellow private equity company Advent International in a deal one person familiar with the process said was worth about 200 million pounds ($305 million). Warburg Pincus said on Tuesday it was acquiring a majority stake with the management of Poundland, led by Chief […]
BOSTON (Reuters) – Sophos, the biggest privately held security software maker, has agreed to sell a majority stake to private equity firm Apax Partners, ditching efforts to take itself public. The deal values the British company at about $830 million, Sophos spokesman Mike Haro said on Monday. He said he could not provide other details […]
Fat Cat Homes: Yes, in a cheap but effective pageview grab, Business Insider has detailed the 15 most expensive homes owned by bankers in Manhattan. Let the populist rage begin! (BI) To skip to Steve Schwarzman's $30 million home, which includes 11 fireplaces, 37 rooms, 43 closets, a gym, sauna, steam room, pool room, screening room and servant's quarters, click here. There's also Steve Feinberg's Egyptian mansion. Hmm: Goldman Sachs clients are preparing to sever ties. (All except Blackstone...) (Independent) Continental and United Complete Each Other: The gushy conference call and press release from the "merger of equal" airlines was a little too Jerry Maguire for Deal Journal. (DJ) Also, the deal was prompted by jealousy? Email Battles: Wall Street Defender versus Wall Street Antagonist. Groundbreaking Research: Bullies still pick on fat kids. In other research news, there is still no cure for cancer. (U.S. News & World Report)
First Reserve Corp. has committed up to $500 million in equity for Barra Energia Petroleo e Gas, a new Brazilian energy exploration and production company.
LaSalle Capital Group and Expedition Capital Partners have partnered to acquire three security guard services businesses: Industrial Security Services Inc. (Cleveland), Leonard Security Services (Virginia Beach) and Eagle Security Inc. (Portsmouth, Va). The three companies will be rolled into a new buy-and-build platform called United American Security, which will be run by former Employer's Security Co. CEO Steve Frost. No financial terms were disclosed.
THL Partners has agreed to increase its proposed investment in Sterling Financial Corp. (Nasdaq: STSA) from $134.7 million to $175 million.
Golden Gate Capital and Kenner & Co. have completed their previously-announced recapitalization of Atrium Companies Inc., a maker of vinyl and aluminum windows and patio doors. Atrium had filed for Chapter 11 bankruptcy in January. The recap cuts its pre-bankruptcy debt by more than 60%, with existing owners Golden Gate and Kenner investing more than $170 million in equity capital. The firms originally announced plans to invest $125 million.
[UPDATE: The deal has been formally announced. Press release follows story] PHILADELPHIA (Reuters) – Oak Hill Capital Partners plans to acquire Dave & Buster’s Inc for $570 million from Wellspring Capital Management, according to The Wall Street Journal.The chain, which combines restaurants with video games arcades, had been taken private in 2006 by Wellspring for about […]
PHILADELPHIA (Reuters) – Private-equity firms Warburg Pincus and Silver Lake Partners are close to buying Interactive Data Corp (IDC.N) for about $3.1 billion, a source familiar with the situation said on Sunday. The deal for IDC, the financial-market data provider controlled by publisher Pearson PLC, could be announced as early as Monday, said the source. […]
LONDON (Reuters) – BMG Rights Management, the music venture owned by Bertelsmann and KKR, is eyeing a number of potential UK investment projects, the Financial Times reported. BMG was looking at “something like 50 deals,” including two or three large acquisitions in the coming months, the company’s head, Hartwig Masuch, told the paper in an […]