Oak Hill Capital Partners has agreed to acquire ViaWest Inc., a provider of mission-critical technology infrastructure services, from Trinity Equity Investors, Goldman Sachs and Quilvest. No financial terms were disclosed.
Lone Star Funds has completed its take-private acquisition of hotel owner and operator Lodgian Inc. (NYSE: LGN) for approximately $270 million (including assumed debt). Lodgian stockholders received $2.50 per share.
Stone Point Capital and Hellman & Friedman have agreed to acquire Sedgwick Claims Management Services Inc., a Temphis, Tenn.-based provider of claims and productivity management solutions to corporate and institutional clients. The deal is valued at $1.1 billion, with sellers including Fidelity National Financial, THL Partners and Evercore Capital Partners.
OMERS Private Equity has agreed to acquire U.S. Infrastructure Corp. from Kohlberg & Co. No financial terms were disclosed. USIC is an Indianapolis-based provider of outsourced sub-surface utility locating services, and was formed in 2008 via the merger of SM&P and CLS.
(Reuters) – CKE Restaurants Inc (CKR.N) said it received a superior proposal of $12.55 per share in cash from Western Acquisition Holdings and said it will terminate a previous merger agreement with private equity firm Thomas H. Lee Partners. CKE, owner of the Hardee’s and Carl’s Jr. hamburger chains, received the new proposal on April […]
LONDON (Reuters) – Consumer goods giant Unilever Plc/NV is set to put its Italian frozen foods unit up for sale next week with private equity groups Permira and Lion Capital likely to lead the 600 million euro-plus ($839 million-plus) auction, sources close to the situation said on Monday. Permira [PERM.UL], which owns Birds Eye Iglo, […]
LONDON/DUBAI (Reuters) – Carlyle, Cinven, CVC and General Atlantic are among firms preparing binding bids for port and shipping agent Inchcape Shipping Services (ISS), people familiar with the matter said. ISS’s owner Istithmar, the investment arm of Dubai World, hopes to raise more than $700 million through the sale, people have said previously. Its debt-laden […]
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. CDC Global Services, a Shanghai unit of CDC Corp., is exploring strategic alternatives after appointing a new CEO. (Press release) GMAC has denied a report in the New York Post which stated ResCap, (Residential Capital), its mortgage unit, was for sale. Old Carco LLC, a unit of Cerberus Capital Management LP, announced that it was seeking a buyer for its 2 manufacturing plants, a manufacturer and wholesaler of cars and trucks.
Lineage Power Holdings Inc., a portfolio company of Gores Group, has completed its acquisition of PECO II Inc. (Nasdaq: PIII), a Galion, Ohio-based provider of engineering and on-site installation services related to communications power systems and power distribution equipment. The deal was valued at around $16.7 million, with PECO stockholders receiving $5.86 per share.
FRANKFURT (Reuters) – U.S. private equity firm Blackstone (BX.N) is looking into the possibility of buying Cologne department store chain Kaufhof, part of the Metro group (MEOG.DE), German business daily Handelsblatt said in an abstract of a story due to be published on Monday. The paper cited works council sources. A spokesman for Metro AG […]