Bolttech Inc., a West Newton, Pa.-based provider of industrial bolting tools, services and rentals for the energy market, has acquired Mannings USA, a Dover, N.J.-based provider of induction heating and heat treating services for the power generation industry. No financial terms were disclosed. Bolttech is a portfolio company of PNC Mezzanine Capital. www.bolttech.com
NuCO2 Inc., a Stuart, Fla.-based provider of bulk CO2 products and services to the U.S. fountain beverage industry, has acquired the bulk CO2 beverage carbonation business of Franklin, Tenn.-based nextAir. No financial terms were disclosed, except that NuCO2 expects the deal to add approximately $13 million in annual revenue. Aurora Capital Group took NoCO2 private last May for approximately $487 million.
Renal Advantage Inc., a Brentwood, Tenn.-based for-profit provider of dialysis services in the United States, has completed its acquisition of National Renal Alliance LLC, a Franklin, Tenn.-based owner and operator of 45 dialysis facilities in 10 states. No financial terms were disclosed. Renal Advantage is a portfolio company of Welsh Carson Anderson & Stowe.
French private equity investor Colony Capital has built up a stake in Accor, a French hotels business, acquiring close to €50m (US$64m) of shares over the Christmas period. French stock exchange filings show that Colony Capital bought €44.7m of Accor shares through four separate transactions, with the acquisitions made through its Colday fund. It is […]
Waterford Wedgwood has finally succumbed to financial pressures and fallen into receivership. The troubled china producer was relying on continuing support from its banks whilst refinancing negotiations continued, including a possible €600m (US$846m) investment by a US private equity fund. However, the banks have decided not to continue to offer their support. The Anglo Irish […]
One Equity Partners has agreed to acquire the remaining 66.75% stake in Columbian Chemicals Holding LLC that it does not already own, for $150 million. The seller is South Korea-based DC Chemical Co., which partnered with One Equity to buy Columbian Chemicals in 2006 for $600 million from Phelps Dodge Corp. Columbian Chemicals is […]
NEW YORK (Reuters) – Yucaipa Cos, a private equity firm controlled by billionaire Ron Burkle, said on Friday it had acquired an 8.3 percent stake in bookseller Barnes & Noble Inc (BKS.N), saying it believed the shares were undervalued. The company’s shares rose 4 percent after-hours to $15.99, after the announcement. Yucaipa funds said it […]
WASHINGTON/NEW YORK (Reuters) – The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash. The Federal Deposit Insurance Corp, which has run IndyMac since its failure on […]
NEW YORK (Reuters) – GMAC LLC on Friday said that as part of its $6 billion federal bailout and decision to become a bank, it will no longer have the exclusive right to provide low-interest loans to borrowers who buy General Motors Corp (GM.N) cars and trucks. According to a U.S. Securities and Exchange […]
NEW YORK (Reuters) – The blank-check companies known as SPACs, which have raised billions but not yet made the acquisitions that money is supposed to be spent on, are in a race against time. The success of these 57 companies in spending the $11.3 billion they have raised in stock flotations may determine whether […]