Castle Creek Capital has applied for approval to raise its ownership stake in Guaranty Bancorp (Nasdaq:GBNK) from 5% to 19.9 percent.
SYDNEY (Reuters) – Private equity group CVC Asia Pacific has agreed to invest A$335 million ($225 million) more in Australia’s PBL Media as part of a recapitalization plan. Also as part of the plan, PBL’s lenders changed financial covenants relating its A$3.8 billion net debt. “The great thing about the revised financial structure is we […]
NBGI Private Equity-backed restaurant company Kornicis Group has acquired Smollensky’s Bar & Grill brand plus two new sites to add to its portfolio of restaurants and bars. London-focused Kornicis was formed in August 2008 when NBGI acquired some of the assets of Food & Drink Group, the company behind the Henry J Bean’s restaurant […]
Baarsma Wine Group, a wine distribution business founded 30 years ago in the Netherlands, has acquired Rutishauser Weinkellerei of Switzerland with undisclosed backing from its private equity owner AAC Capital Partners. Scherzingen-based Rutishauser is a wine distribution and bottling company with more than 120 years of operation in Switzerland. The company has activities in […]
Cadbury, which has reconfirmed strong profit growth in 2008, says preparations to sell its Australia Beverages business are well advanced. Cadbury states: “At the time of our interim results we announced an intention to review the position of our Australia Beverages business. As a result, we have decided to proceed towards a sale of […]
Time magazine has launched 100 “Top Ten” lists of 2008. The magazine is courting page views with its slideshow format (garnering 10 page views for each list instead of one), so to save you time, dear readers, I’ve pulled out all the private equity mentions. Sadly, private equity did not make the Best Deals list, but it did score three “Worsties.” The winners (er, losers) come as no surprise, although I could think of a few more deals to throw in the mix. I was surprised, however, that TPG and Apollo’s investment in Harrah’s made number three while TPG’s stinger on WaMu clocked in all the way at number nine.
PHILADELPIHA/NEW YORK (Reuters) – Huntsman Corp (HUN.N: Quote, Profile, Research, Stock Buzz) shares dived 40 percent on Monday after the chemical company’s $6.5 billion leveraged buyout deal, on the verge of collapse for months, was finally scuttled. The company said late Sunday it had terminated its agreement to be acquired by a unit of Apollo […]
NEW YORK (Reuters) – Oil and gas exploration company CDX Gas LLC has filed for Chapter 11 bankruptcy protection, according to court documents. The company and some of its affiliates filed for creditor protection on Dec. 12, allowing it to restructure its finances and operations after it defaulted on debt payments, according to court documents […]
LONDON (Reuters) – The Orchid Group, the pub and restaurant business owned by transatlantic private equity house GI Partners, said on Monday it has completed a financial overhaul to help it weather the difficult trading climate. The deal is in the form of a ‘pre-pack’ — a restructuring move under which the group is placed […]
The Olon Group Inc., a platform acquisition company focused on the office furniture and consumer cabinet markets, has acquired Creative Products Inc., a Canadian maker of profile-wrapped components. No financial terms were disclosed. Olon Group is sponsored by Huron Capital Partners.