Huntsman Gay Global Capital has acquired a majority stake in Grand Isle Shipyard Inc., an oilfield contractor in the Gulf Coast region, according to LBO Wire. No financial terms were disclosed. www.gisy.com
Change Capital Partners has agreed to acquire Hallhuber GmbH, a German maker of women's clothing and accessories, from Italy's Stefanel. The deal includes a €25 million up-front payment and a possible €4 million earn-out.
Church’s Chicken, an Atlanta-based quick-service restaurant chain, has acquired 23 former Mrs. Winner’s locations from Famous Recipe Company. No financial terms were disclosed. Friedman Fleischer & Lowe bought Church’s Chicken last month from Arcapita for between $300 million and $390 million. www.churchs.com
TORONTO (Reuters) – The Ontario Teachers’ Pension Plan said on Thursday it is buying a 7.7 percent stake in Maple Leaf Sports and Entertainment from privately held media company CTVglobemedia. Buying out the last of CTVglobemedia’s investment means Teachers will have a 66 percent stake in MLSE, Canada’s largest sports company. Financial terms weren’t disclosed. […]
NEW YORK (Reuters) – Reader’s Digest Association Inc said on Thursday that lenders representing almost 80 percent of its senior secured debt have agreed in principle to the magazine publisher’s restructuring plan. The media company, known for its namesake magazine, also said that 70 percent of investing institutions signed on to the terms of its […]
Earlier this week trade publication Supermarket News reported that the auction for Virginia-based supermarket Ukrop’s Super Markets may go to a private equity bidder. Strategic bidders Harris Teeter, Delhaize Group, and Ahold had been outbid by a buyout firm, the publication reported. The company was first reported to be on the block in July. Goldman […]
PBM Products, a maker of private-label baby foods, is seeking to arrange for a buyout or partial sale of the company. The company, based in Gordonsville, Va., could garner as much as $1 billion. Jefferies & Co. is advising the company. (Read more) Good Times Restaurants Inc. (Nasdaq SmallCap: GTIM), a quick service restaurant chain based in Colorado, hired Mastodon Ventures, Inc. to provide strategic advisory services as it explores strategic alternatives. Bankrupt Metaldyne, based in Plymouth, Mich., is seeking a buyer for its Tubular Products Business, its Balance Shaft Module Business, and its Chassis operations. Revstone Industries LLC has been named the stalking horse bidder for the latter; Hephaestus Holdings has been named the stalking horse bidder for the Tubular Products and Balance Shaft Module businesses. The auction for the Travel Channel, run by Goldman Sachs, has received bids from Scripps Networks Interactive and General Electric Co's NBC Universal. (Read more) Tremont Group Holdings, a firm which operated Madoff feeder funds, has retained bank Duff & Phelps to run an auction for remaining hedge fund assets in the coming weeks. (Read more)
Wincove Capital has acquired GI Plastek Wolfeboro LLC, a Wolfeboro, N.H.-based maker of plastic injection molded products. No financial terms were disclosed.
VIENNA (Reuters) – Private equity firm CVC is in non-exclusive talks to buy a stake in Austria’s Constantia Packaging (CVER.VI) held by holding firm Constantia B.V., the holding firm said on Thursday. Constantia B.V., in a statement, partially confirmed a report in Austrian weekly magazine Format released earlier on Thursday, but declined to be drawn […]
NEW YORK/WASHINGTON (Reuters) – Northrop Grumman Corp (NOC.N) has hired two investment banks to sell a unit that advises government military agencies in a deal that could fetch up to $2 billion, a source familiar with the matter told Reuters. The defense contractor has hired Goldman Sachs (GS.N) and Credit Suisse (CSGN.VX) (CS.N) to shop […]