Pennington Allen Capital Partners has acquired the 25% stake it did not already own in Bliss Industries LLC, a Ponca City, Okla.-based maker of hammermills, pelletmills, coolers and related equipment. No financial terms were disclosed. As part of the transaction, Bliss president Greg Alles will take over as CEO, with company founder Bill Bliss retiring.
Rotorcraft Leasing Company LLC, a Broussard, La.-based portfolio company of H.I.G. Capital, has acquired of the production management flight services business of Bristow Group Inc. (NYSE:BRS). No financial terms were disclosed.
There have been some signs of revival in the public-to-private buyouts market that has been virtually shut for more than a year, private equity companies say, as institutional investors seek a way out of companies whose share prices have dropped. There has been a pick-up in business in just the last couple of weeks, with […]
LONDON (Reuters) – France’s Carrefour SA (CARR.PA: Quote, Profile, Research, Stock Buzz), the world’s second-largest retailer, is set to replace chief executive Jose Luis Duran with Nestle SA (NESN.VX: Quote, Profile, Research, Stock Buzz) executive Lars Olofsson, The Financial Times newspaper reported on Tuesday. The FT said the announcement would be made this week, possibly […]
FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Automotive Brake Co. of Newburgh Inc. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management. PRESS RELEASE In a move reflecting the company’s continued growth, FleetPride, Inc., the nation’s largest independent aftermarket […]
Teradyne Inc. (NYSE: TER) has completed its $360 million, or $15.65 per share, acquisition of Eagle Test Systems Inc. (Nasdaq: EGLT), Mundelein, Ill.-based provider of automated test equipment for the semiconductor manufacturing industry. ETS went public in 2006, and still counted private equity backer TA Associates among its significant shareholders.
NEW YORK (Reuters) – Bankrupt department store chain Mervyn’s Holdings LLC has asked a court to approve the sale of all its remaining property leases, saying the transaction would be the best way to reap more value from its assets as it liquidates, according to court documents. Mervyn’s, which filed for Chapter 11 bankruptcy protection […]
DETROIT (Reuters) – Getrag Transmission Manufacturing LLC filed for bankruptcy protection on Monday, citing a legal dispute with Chrysler LLC over an unfinished transmission plant it was developing in Tipton, Indiana. Getrag Transmission was formed solely for the Tipton project, and the Chapter 11 bankruptcy filing does not affect other U.S. operations of Germany-based Getrag […]
BRUSSELS (Reuters) – Shares in Dexia (DEXI.BR: Quote, Profile, Research, Stock Buzz)(DEXI.PA: Quote, Profile, Research, Stock Buzz) fell sharply on Friday after the Belgian-French financial services group said it had agreed the sale of its troubled U.S. bond insurance subsidiary and launched a cost-saving drive following a heavy third-quarter loss. The world’s largest municipal lender, […]
Joshua Partners has acquired Medicia Corp., a Dayton, N.J.–based contract manufacturer of personal care care products, OTC drug preparations and private label products. No financial terms were disclosed.