NEW YORK (Reuters) – Perella Weinberg Partners denied statements made by a lawyer that the investment bank received threats from White House officials to drop its opposition to a plan for keeping automaker Chrysler LLC out of bankruptcy. The banking boutique, which prefers to operate in the background, found itself in the spotlight Thursday when […]
Private equity activity dipped in April, compared both to the prior month and the prior April. According to data provided by Thomson Reuters (publisher of peHUB), private equity firms were involved in 124 deals last month, with a disclosed value of approximately $7.8 billion. This dollar amount is off around 8.67% from the $8.53 billion worth of activity in March, and is down a whopping 69.77% from the $25.78 billion of volume in April 2008. But the numbers do contain a pair of silver linings. First, the dollar volume was higher than four out of the past five months (March being the exception). Second, private equity deals accounted for 6.9% of global M&A, which is the highest percentage since last August. Get 2009 data after the jump:
NEW YORK (Reuters) – Two large providers of U.S. home loans during the housing boom, Accredited Home Lenders Holding Corp and Thornburg Mortgage Inc, filed for Chapter 11 bankruptcy on Friday, according to court documents. The San Diego, California-based Accredited is owned by U.S. private equity manager Lone Star Funds, which bought the provider of […]
Sarnova, a distributor of health care products in the emergency medical services (EMS) and respiratory markets, has acquired Blue Ridge Medical Inc., a supplier of pharmaceuticals to the EMS community. No financial terms were disclosed. Sarnova is a portfolio company of Water Street Healthcare Partners.
Irving Place Capital and Oaktree Capital Management have completed their acquisition of Richmond, Va.-based Chesapeake Corp., a bankrupt maker of paperboard and plastic packaging. The deal was valued at $485 million.
ComVest has agreed to acquire NationsHealth Inc. (OTC BB: NHRXE), a Sunrise, Fla.-based home delivery provider of diabetes supplies, insulin pumps, medications and other medical products. The deal is valued at approximately $3.4 million, or $0.12 per NationsHealth share.
The Sterling Group, a Houston-based private equity firm, has acquired Velcon Filters LLC, a Colorado Springs, Colo.-based filtration system manufacturer. No pricing terms were disclosed for the deal, which included leveraged financing from BNP PAribas and Amegy Bank of Texas.
SEOUL (Reuters) – U.S. private equity firm Kohlberg Kravis Roberts & Co is finalizing an agreement to buy Anheuser-Busch InBev NV’s (INTB.BR) South Korean brewer Oriental Brewery Co (OB) for about $1.8 billion, sources familiar with the situation said. The acquisition would give KKR a foray into major South Korean assets, where lower valuations are […]
Avalign Technologies Inc., a medical device outsourcing platform backed by RoundTable Healthcare Partners, has acquired NGInstruments Inc., a maker of surgical cutting tools flike drills, taps and reamers. No financial terms were disclosed. NGInstruments is the fourth Avalign acquisition, following Nemcomed, Instrumed International and Advantis Medical.
Milestone Partners has sponsored the recapitalization of Blaschak Coal Corp., a Mahanoy City, Penn.-based miner, preparer and marketer of anthracite coal. No financial terms were disclosed. Harris Williams & Co. advised Blaschak on the deal. PRESS RELEASE Milestone Partners is pleased to announce that on April 27, 2009 it completed the recapitalization of Blaschak Coal […]