HONG KONG (Reuters) – David Bonderman, one of the the most influential figures in the U.S. private equity industry, said on Thursday his firm, buyout giant TPG Capital TPG.UL, wanted to buy debt assets offloaded by troubled hedge funds. Bonderman, speaking at the Asian Venture Capital Journal (AVCJ) conference, also said a global recession would […]
NEW YORK (Reuters) – A court hearing to approve the sale of bankrupt department store chain Boscov’s was delayed for a fourth time on Thursday as the company’s founding family worked to finalize loans with lenders for the deal. The company, which filed for bankruptcy protection in August, said on Nov. 4 that it had […]
AMSTERDAM, Nov 14 (Reuters) – Chip equipment maker Applied Materials (AMAT.O: Quote, Profile, Research, Stock Buzz) and private equity firm Francisco Partners have walked away from an approach to buy key units of Dutch rival ASM International (ASMI.AS: Quote, Profile, Research, Stock Buzz). “Applied Materials Inc and Francisco Partners … will not pursue their interest […]
LONDON (Reuters) – London-listed Electra Private Equity Plc ELTA.L is eyeing opportunities to buy secondary private equity assets and debt, in businesses owned by its industry rivals, it said on Thursday. “The opportunities are going to be in the rather unusual parts of the spectrum, not the classic buyouts,” Chairman Sir Brian Williamson told Reuters, […]
Affinia Group Inc., an Ann Arbor, Mich.-based provider of on-and-off highway replacement products and services, has acquired Chinese drum and rotor maker HMB Investment Ltd. Affinia is controlled by Cypress Group.
Textron has completed the sale of its Fluid & Power division for $1 billion to UK engineering group Clyde Bowers, which was sponsored on the deal by HarbourVest Partners and Pantheon Ventures. Leveraged financing has been committed by Bank of Scotland, Barclays, HSBC and RBS.
Ladder Capital Finance has been formed as a specialty finance company focused on the commercial real estate industry. It has raised approximately $1 billion in equity and debt, co-led by Towerbrook Capital Partners and Global Infrastructure Partners.
TriWest Capital Partners has acquired a majority stake in Canadian trucking company Gardewine Group of Cos., according to LBO Wire. No financial terms were disclosed. www.gardewine.com
VMG Partners has acquired an undisclosed stake in Robert's American Gourmet Foods, a maker of maker of natural gourmet snack lines marketed under the Pirate’s Booty, Smart Puffs and Tings brand names.
Stone Point Capital has acquired a 50% stake in Real Estate Disposition Corp., the nation's largest real estate auction company. No financial terms were disclosed.