Inverness Graham Investments and Wedbush Capital Partners have sold ExtruMed LLC to Vesta Inc., a portfolio company of RoundTable Healthcare Partners. ExtruMed is a Placentia, Calif.-based maker of thermoplastic tubing for diagnostic and therapeutic medical devices and procedures.
Olympus Partners has acquired Holopack International Corp. from The Hanson Corporate Group. No financial terms were disclosed. Holopack is a Columbia, S.C.-based contract manufacturer of blow-fill-seal, and will change its name to The Ritedose Corp.
NEW YORK (Reuters) – Motor home maker Fleetwood Enterprises Inc (FLTW.OB) has filed for bankruptcy and will close its travel trailer division, the company said on Tuesday. Fleetwood, which also makes manufactured housing and military barracks, has been hurt by high fuel prices and the housing market decline. It is seeking a buyer for its […]
We hear a lot of complaints from venture capitalists about the lack of an IPO market, but isn’t this a far bigger problem for mega-buyout firms? After all, isn’t an IPO the only viable exit option for a market leader that was taken private (Clear Channel, SunGard, HCA, etc.)? The only way to get a trade sale would be to run the company into the ground (buy the best company, make it second-best), while sponsor-to-sponsor deals are unlikely due to both high leverage loads on the original deal and the likelihood of an original consortium (i.e., fewer firms left to sell to). At least VCs still have trade sale opportunities for most of their revenue-generating companies, or could sell to provide equity. What’s Plan B for the mega-funds? Not a rhetorical question -- I'm really asking...
CrossHarbor Capital Partners has been named “stalking horse” bidder in the proposed sale of equity interests in the Yellowstone Club. CrossHarbor’s bid is approximately $100 million. PRESS RELEASE CrossHarbor Capital Partners, LLC, a national leader in commercial real estate investment, today announced that the U.S. Bankruptcy Court for the District of Montana (“the Court”) […]
Hale Capital Partners has acquired the Location Services business of Autodesk (Nasdaq: ADSK). No financial terms were disclosed for the deal, which results in an independent company named LocationLogic. Autodesk will retain a minority stake.
Edinburgh-based private equity house Northern Link has taken a majority stake in Paisley-based Lighthouse Scotland following approval by shareholders. The size of the transaction was £17 million. Northern Link bought its control position in Scotland’s third largest salmon producer after the business came close to bankruptcy last year and was forced to restructure its capital […]
(Reuters) – The sale of Anheuser-Busch InBev’s (INTB.BR) South Korean beer business appears to be losing its fizz, as buyers baulk at the $2 billion price tag and its owners signal they’re in no rush to sell. AB InBev’s auction of Oriental Brewery (OB), which first hit the headlines last September, had been expected to […]
NEW YORK (Reuters) – Palm Inc (PALM.O) will exercise its right to remarket shares held by private equity firm Elevation Partners, in an attempt to bolster its capital ahead of the launch of its new Pre smartphone. The company said on Monday it would remarket 18.5 million common shares that underlie preferred shares and warrant […]
Marlin Equity Partners has acquired MDeverywhere Inc., a Hauppauge, N.Y.-based provider of SaaS for physician revenue cycle management. No financial terms were disclosed. www.marlinequity.com