(Reuters) – MSC Software Corp (MSCS.O), a simulation and software services company, said it received an offer from a private equity firm that topped an earlier offer from Symphony Technology Group, sending its shares up as much as 7 percent. The private equity firm, which it did not name, has proposed to acquire all its […]
Sentinel Capital Partners has invested an undisclosed amount in Precision Pipeline Solutions LLC, in partnership with company management. PPS is a Newburgh, N.Y.-based provider of technical services that help utilities to maintain and operate their natural gas and electric infrastructure.
Quest Specialty Chemicals Inc., a chemical acquisition platform of Huron Capital Partners, has acquired Custom Finishes Inc., a Brighton, Tenn.-based maker of custom-matched aerosol spray paints, brush cap bottled paints, vinyl and carpet dyes and camouflage paints. No financial terms were disclosed.
Superior Capital Partners has acquired certain assets of Ann Arbor, Mich.-based National Archive Publishing Co. for an undisclosed amount. The assets are: XanEdu Publishing, a publisher of customized educational coursepacks for the higher education market; and NA Publishing, a provider of microform archiving of periodicals and journals for the library, higher education and healthcare markets.
BRUSSELS (Reuters) – German media group Bertelsmann gained European Union regulatory approval on Wednesday for a joint music rights venture with private equity firm Kohlberg Kravis Roberts & Co. Bertelsmann, which will own 49 percent of the joint venture, will contribute its BMG Rights Management music rights unit, whose works include those of Kylie Minogue […]
TOKYO (Reuters) – U.S. investment fund Lone Star has been unable to get the green light from creditors for its planned acquisition of a failed Japanese real estate investment trust (REIT), the second time the deal has been blocked, an official of the REIT said. The rejection could lead to the liquidation of New City […]
NEW YORK (Reuters) – Sun-Times Media Group Inc., the bankrupt publisher of the Chicago Sun-Times, said on Tuesday that an investor group led by Chicago businessman James Tyree would be the lead bidder for its assets at a bankruptcy auction. Tyree’s group, STMG Holdings LLC, which will be the company’s “stalking horse” bidder, has offered […]
SINGAPORE/KUWAIT (Reuters) – Even after a news conference gave out names of the buyers planning to purchase a 46 percent stake in Kuwaiti telecom Zain (ZAIN.KW), questions still surround the $13.7 billion deal. Any large acquisition comes with uncertainties, but rarely does a deal this size fail to immediately identify key questions such as funding […]
NEW YORK (Reuters) – Private equity firm Blackstone Group (BX.N) and other backers are investing up to $780 million in a newly formed company created to acquire building materials businesses, the investors said on Tuesday. The new company, named Summit Materials, will be led by Tom Hill, the former CEO of Oldcastle Inc, the U.S. […]
The Internet is alive with the sound of memorializing. There's no shortage of retrospective Lehman Brothers coverage as we approach the one-year anniversary of the Wall Street stalwart's demise. The New York Times, CNN, Reuters, Forbes, Guardian, BBC and Times Online, have all chimed in, just to name a few. But since we at peHUB mostly care about private equity, we wanted to provide a "Where are they now" update on the fate of the buyout businesses affected by the collapses of Lehman, Merrill Lynch, AIG and, of course, Bear Stearns. Get it after the jump...