CHICAGO (Reuters) – The professional bull-riding circuit has signed a multiyear deal with the group that owns the Boston Red Sox baseball team to boost corporate sponsorships, Fenway Sports Group (FSG) said on Friday. Financial terms of the Professional Bull Riders Inc’s (PBR) deal with FSG, a unit of Red Sox owner New England Sports […]
HONG KONG (Reuters) – A Chinese company and private equity firms are among the groups expected to submit final bids for Rio Tinto’s borates and talc units, according to sources close to the matter, in a deal potentially worth over $1 billion. Final offers for Rio Tinto’s (RIO.AX) (RIO.L) borates and talc units, which the […]
BRUSSELS (Reuters) – Arsenal Capital Partners, a U.S. private equity firm, won permission from EU competition authorities on Friday to buy the special products business of Dutch chemicals group Royal DSM (DSMN.AS), subject to conditions. The European Commission, which polices competition in the 27-nation European Union, said Arsenal Capital had agreed to divest the whole […]
Industrial Growth Partners is poised to buy O’Brien Corp., a St. Louis, Mo.-based maker and marketer of heavy duty tubes and other heat exchange equipment used in the energy industry, according to a government filing. If the deal proceeds, the San Francisco-based mid-market shop will make the investment out of Industrial Growth Partners III LP, […]
KPS Capital Partners has agreed to acquire Ireland-based fine china maker Waterford Wedgwood, which earlier this week entered administration. No financial terms were disclosed.
LONDON (Reuters) – Iceland’s Actavis, one of the world’s top makers of generic drugs, is to be offered for sale by its private-equity owners in an auction that could raise $6 billion or more, three people familiar with the situation said. Merrill Lynch, which was hired by the Icelandic group last year to review its […]
Triton Pacific Capital Partners has acquired a majority interest in Dick’s Last Resort, a branded restaurant chain headquartered in Nashville, Tennessee. No financial terms were disclosed. PRESS RELEASE Triton Pacific Capital Partners, LLC, a well established private equity firm headquartered in Los Angeles, announced today that it made a majority investment in Dick’s Last Resort […]
Global Finance SA has sponsored a leveraged buyout of Greek healthcare group Euroclinic from Eureko BV, for an undisclosed amount. Eureko will retain a 25% equity interest in Euroclinic. Proskauer Rose advised Global Finance on the deal.
Acresso, a portfolio company of Thoma Bravo, has completed its acquisition of Intraware Inc. (Nasdaq: ITRA), a provider of digital delivery and management services. The total deal was valued at approximately $27 million, or $4 per share. Savvian managed the process for Intraware.
Chesapeake Energy Corp. (NYSE: CHK) has sold certain assets in the Anadarko and Arkoma Basins in a volumetric production payment transaction to Argonaut Private Equity. GS Loan Partners is helping to finance the deal, which is valued at $412 million.