Berkshire Partners LLC, a Boston-based private equity firm, has agreed to make an equity investment in Grocery Outlet Inc., a grocery retailer, for an undisclosed amount. PRESS RELEASE Berkshire Partners LLC, a Boston-based private equity firm, today announced it has signed a definitive agreement to make an equity investment in Grocery Outlet Inc., an extreme […]
(Reuters) – Abraaj Capital, the Middle East’s biggest private equity firm, sees investment opportunities in Saudi Arabia, Egypt and Turkey, its managing director said on Monday. Mustafa Abdel-Wadood said at private equity conference Super Return Middle East that the firm could make investments in a range of industries including logistics, transport, consumer businesses and financial […]
Advent International, agreed to acquire a majority stake in GFKL Financial Services AG, a debt collection business based in Germany, from a consortium of institutional investors for an undisclosed price. Advent will also participate in a capital increase. PRESS RELEASE Advent International, the global private equity firm, has signed agreements to acquire a majority stake […]
Avalon Group Limited, a priavte equity firm based in New York, has agreed to acquire a majority stake in Domestic Energy Corporation, a Honeoye, N.Y.-based OTC-listed oil and gas exploration company. PRESS RELEASE Domestic Energy Corporation. (OTC.PK: DMEC)(“Domestic Energy” or the “Company”) announced today that on the 10th of October 2009 the majority shareholders and […]
(Reuters) – Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation. The company, which owns a bank that will continue to operate […]
MUMBAI (Reuters) – India’s United Spirits (UNSP.BO), is set to sell new shares worth about $300-350 million to institutions to help cut its debt, after efforts to sell a stake to private equity firms and Diageo (DGE.L) failed. The world’s third-largest spirits maker by volume is set to place the shares with institutions (QIPs) as […]
Environmental Capital Partners has acquired a majority stake in Cascade Drilling LP, a provider of environmental drilling services for water and soil assessment, monitoring and remediation purposes on the West Coast. No pricing terms were disclosed. PNC Business Credit arranged the leveraged financing, while Cascade was advised by Morgan Stanley.
(Reuters) – Wilton Holdings Inc, one of the largest makers of equipment for decorating food, said its creditors had withdrawn the involuntary Chapter 11 petition filed against the company in July. In a statement, Wilton said it reached an agreement with its largest creditors, under which affiliates of private equity firm TowerBrook Capital Partners and […]
Airborne Health caused its first private equity owners a bit of a headache, but that didn’t stop the nutritional supplement company from taking another dose of buyout money. The company today sold a controlling interest to GF Capital Management, a buyout firm based in New York. The deal included a co-investment from a new fundless […]
Goodbye Joe Consumer: "The concept of an 'average American' is gone, probably forever. " (Ad Age) Liquidity Events: Private Equity's Exit Strategies Are A-Changin' (Pitchbook) Help or Hurt? More than half of companies have banned Facebook and Twitter at work. (Wired) Pile On: Another busted LBO that earned its PE backers a profit. (Zero hedge) Oh Dear God: This could be so very ugly. The New York Post reported that Energy Future Holdings, aka TXU, is having problems with the restructuring plan for its debt. (Reuters)