Hydrasun, a Scottish oil and gas firm owned by Barclays Private Equity since 2007, has acquired the hydraulics business of ATR, an Aberdeen-based oil and gas tool rental company. “The hydraulics business has not been an ideal fit with our strategy for some time and we are delighted to have entered into a deal with […]
Premier Foods is to sell a 40% chunk of itself to private equity firms. The company behind some of the UK’s best known branded foods has decided to raise capital to pay down some of its hefty debt load by a share placing offered to private equity firms. The company will simultaneously launch a rights […]
Deloitte, the receivers of Irish luxury tableware maker Waterford Wedgwood said that the company would cut 367 jobs at two UK subsidiaries under its administration. Josiah Wedgwood & Sons Ltd and Royal Doulton UK Ltd will make 245 people redundant in manufacturing and operations, 106 from administration and back office functions and 16 at visitor […]
Industrial Opportunity Partners has acquired E.B. Bradley Co., a West Coast manufacturer and distributor of specialty hardware, surfacing products, flooring and woodworking supplies. No financial terms were disclosed. Fifth Third Bank and Stonehenge Partners are providing debt.
Perseus LLC has completed a leveraged recapitalization of Seismic Equipment Solutions, a Houston, Texas-based provider of seismic acquisition equipment and related services to the oil and gas exploration industry. No financial terms were disclosed. Westlake Securities advised SES on the deal.
One Equity Partners has invested $100 million into Open Range Communications, a Greenwood Village, Colo.-based provider of wireless broadband services to rural communities. The financing fulfills a requirement that will allow Open Range to tap a $267 million broadband access loan from the U.S. Department of Agriculture.
Darby Overseas Investments has acquired a 32.4% equity stake in Gangwon Wind Power Co. Ltd., South Korea’s largest wind farm operator. No financial terms were disclosed. Darby made the investment out of its $610 million Korea Emerging Infrastructure Fund.
Vector Capital is has agreed to acquire Israeli security software company Aladdin Knowledge Systems (Nasdaq: ALDN), for approximately $160 million. Aladdin shareholders would receive $11.50 per share in cash, which is a 20% premium to last Friday’s closing price. Last year, Aladdin rejected a $13 per share offer from Vector. Wells Fargo Foothill has committed to provide leveraged financing for the buyout.
LONDON, Jan 12 (Reuters) – European buy-out value fell to its lowest level for five years in 2008 weighed down by restrictions in credit markets and the deteriorating economic climate, research firm and publisher Unquote said on Monday. In a statement released ahead of the publication of the 19th edition of the European Buyout Review, […]
(Reuters) – The Federal Deposit Insurance Corp may be facing up to $10 billion in previously unknown liabilities tied to mortgages failed lender IndyMac sold to Fannie Mae, the New York Post said. Such a liability to the FDIC’s $34.6 billion insurance fund would leave the agency less able to deal with the number of […]