Atlantic Aqua Farms, a Canadian mussel grower operating under the name Canadian Cove, has received an undisclosed amount of funding from Encore Consumer Capital. The news was first reported by The Halifax Herald. www.encoreconsumercapital.com
ArcLight Capital Partners and Kelso & Co. are planning a $17 per unit tender offer for all outstanding common units they do not already own of pipeline operator Buckeye GP Holdings LP (NYSE: BGH). The two firms – along with Lehman Brothers – bought a 63% stake in Buckeye from Carlyle-Riverstone last year. Lehman Brothers […]
Gatehouse Ventures has acquired Brooklyn, N.Y.-based Sunrise Bakery for an undisclosed amount. The firm previously acquired Delawre-based Amalfitano’s Italian Bakery baked goods distribution company The Total Bakery Source.
DETROIT (Reuters) – As General Motors Corp (GM.N) pushes ahead with talks to acquire Chrysler LLC, uneasy suppliers and workers are bracing for a deal that would combine two struggling automakers and cost tens of thousands of jobs. But as GM struggles to line up financing for an acquisition, attention has turned to an even […]
Platinum Equity is in talks to acquire a 40% stake in the Arena Football League for approximately $100 million, according to The Sports Business Journal. www.platinumequity.com
Laredo Energy IV LP has raised $55 million to acquire, explore and developer natural gas resources in the Lobo Trend of South Texas. Avista Capital Partners led the deal, and was joined by existing shareholders like EnCap Investments.
Miura Private Equity, a Spanish private equity firm, has completed its first investment since the close of its fund in May. Miura has agreed to invest €30m over two years in return for a majority stake in Atrezzo Group, a provider of mannequins and accessories to fashion chains. Atrezzo’s customers include Zara, Mango, Benetton, Calvin […]
Wellman Inc. (OTC BB: WMAN) has sold its Engineering Resins business to J.H. Whitney & Co. and group management. No financial terms were disclosed. The new company will be known as Wellman Plastics Recycling, and will operator out of Johnsonville, South Carolina.
peHUB’s sister publication, Buyouts, has broken the story on two ongoing auctions: one big and one small. First off, we have AIG’s private equity assets. We knew they’d be on the block, we didn’t know who’s looking at them and whether they’d be sold piecemeal. According to the story, the business is expected to sell […]
Atalaya Capital Management has received bankruptcy court approval for its acquisition of casual restaurant operator Bennigan’s Franchising Co., which also includes the Tavern and Steak & Ale brands. The deal is expected to close by month’s end.