Cotton Creek Capital has acquired Waste Partners of Texas, a Dallas-based provider of solid waste collection, sweeping, portable sanitation and related services in the Southwestern U.S. No financial terms were disclosed for the deal, which was followed by a bolt-on acquisition of Texas Toilets of Texas.
Business Monitor International Ltd., a London-based provider of country risk analysis and macroeconomic forecasting, has received a minority equity investment from Spectrum Equity Investors. No financial terms were disclosed.
Tejas Completion Solutions, a Houston-based provider of design, engineering and testing services to the completions segment of the oilfield services market,has acquired the inflow control device and reservoir fluid modeling business of Ziebel Tulsa LLC. The deal was financed by Tejas sponsor Intervale Capital. No pricing terms were disclosed.
LONDON (Reuters) – Britain’s National Express (NEX.L) has started talks with the consortium led by its largest shareholder that has made a $1.3 billion approach for the bus and train operator. “The independent board confirms that it is discussing certain aspects of the final proposal with the consortium,” National Express said in a statement on […]
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. For prior lists, see below, and send any additions my way. Landry's Restaurants Inc announced it was exploring strategic alternatives after it received a letter from Tilman J. Fertitta, Chairman, President and CEO, expressing his desire to enter into formal discussions with the Special Committee regarding a going-private transaction and a related tax-free spin-off of the Company's wholly-owned subsidiary, Saltgrass, Inc. ("Saltgrass"). Helicos Biosciences retained investment bank Thomas Weisel partners to advise it on various strategic business options.
While we wait for a Cadbury counterbid that may never come, I ran some data to get an idea of private equity’s historic appetite for sweets. In the last five years, there have only been 11 US-based LBOs in the candy, confectionary, chewing gum and chocolate sectors, and they’ve all been pretty small (see chart below). That’s not necessarily for a lack of targets, either. In 2007, Campbell Soup sold its chain of Godiva chocolate stores for $750 million to a strategic buyer. At the time, reports claimed the confectioner received “several” private equity bids, but no firms were called out by name (and I have reason to believe those rumors were planted by the sell side). The company ultimately sold to Yildiz Holding, a Turkish candy company, for much less than the price it originally was reported to be seeking.
(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.