(Reuters) – Buyout firms TPG Capital, EQT Partners and a consortium of The Carlyle Group and Providence Equity Partners have resubmitted their offers for a minority stake in Springer Science and Business Media, three people familiar with the matter said. Candover (CDI.L) and Cinven, owners of the German academic publisher, asked for the resubmission because […]
NEW YORK (Reuters) – Bankrupt oil company Flying J Inc has reached a preliminary deal to sell its fuel-stop business to Pilot Travel Centers LLC, in a plan that would see creditors paid back in full and set the stage for Flying J to emerge from bankruptcy, the companies said on Tuesday. Pilot, which operates […]
NEW YORK (Reuters) – Paper mill owner PaperWorks Industries, owned by private equity firm Sun Capital Partners Inc, is to take control of privately owned The Specialized Packaging Group, in a deal that expands the paper company into the packaging market. Paper and packaging companies have struggled during the global economic downturn as the sharp […]
LONDON (Reuters) – Private-equity owned Nycomed and a Japanese drugs company are in the early second round of an auction for all of Solvay’s pharmaceuticals business, a person familar with the matter said on Wednesday. Analysts reckon the Belgian chemicals and drug maker’s Solvay Pharmaceuticals unit could fetch 5 billion euros ($7 billion) or more, […]
(Reuters) Bankrupt outdoor clothing retailer Eddie Bauer Holdings Inc’s (EBHIQ.PK) two key creditors are looking to liquidate its stores and cash in on the brand in a string of licensing deals, The New York Post reported. Monarch Alternative Capital and Anchorage Advisors — a pair of New York hedge funds that together control Eddie Bauer’s […]
HONG KONG (Reuters) – Bain Capital is in exclusive talks to buy a minority stake in a Chinese tea producer for up to $50 million as the U.S. private equity giant is keen to invest in consumer-driven sectors in China, sources said on Wednesday. After several rounds of bidding, including from other funds, Bain had entered […]
SAN FRANCISCO (Reuters) – Apparel maker VF Corp (VFC.N) is a “party of interest” in the auction for the assets of bankrupt retailer Eddie Bauer Holdings Inc (EBHIQ.PK), according to a court document. Eddie Bauer, an outdoor apparel chain that filed for Chapter 11 protection last month, has about 370 stores in North America and […]
FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Fleet Supply of Tallahassee Inc. No financial terms were disclosed. FleetPride is owned by Investcorp, Banc of America Capital Investors and company management.
NEW YORK (Reuters) – Private equity firm Starwood Capital Group is bidding on assets of Corus Bankshares Inc (CORS.O), a Chicago-based lender hit hard by losses on condominium loans, the Wall Street Journal reported on its website on Monday. The private equity firm is also asking other investors to gauge their interest in bidding alongside […]
GenNx360 Capital Partners has acquired Trimaster Manufacturing Inc. from Edgestone Capital Partners for an undisclosed amount. Trimaster is an Ontario-based maker of components and sub-assemblies for complex machines.