CVC Capital Partners has completed its acquisition of a 47.5% stake in Pilot Travel Centers, thus forming an equal governance partnership with Pilot Corp. The CVC stake was being purchased from Marathon Oil Corp. for an undisclosed amount. PTC operates the largest travel center network in the United States with 305 locations in 40 states.
ComVest Investment Partners has pulled its $6 per share buyout offer for Pomeroy IT Solutions (Nasdaq: PMRY). The offer had been made in partnership with Pomeroy founder and largest shareholder David Pomeroy II, who had previously tried to buy the company in tandem with Charlesbank Capital Partners for $7.05 per share. Pomeroy provides IT infrastructure […]
Rockbridge Growth Equity has acquired Prescott Valley, Ariz.-based Northcentral University, an accredited online university with both undergraduate and graduate programs. No financial terms were disclosed.
Platinum Equity has agreed to acquire SCM Metal Products Inc. from Gibraltar Industries Inc. (Nasdaq: ROCK), for an undisclosed amount. SCM makes and distributes copper-based powder and pastes and copper oxide powders.
Branstrator Sunrooms, a Fort Wayne, Ind.-based portfolio company of Resilience Capital Partners, has agreed to merge with Macedonia, Ohio-based Patio Enclosures Inc. No financial terms were disclosed.
Pfingsten Partners has acquired Technibus, a Canton, Ohio-based manufacturer of bus duct solutions for the power generation, petrochemical, commercial and industrial markets. No financial terms were disclosed for the deal, which closed on Sept. 30.
Argos Soditic and MPS Venture SGR have offered to acquire the Renal Care business of Italy-based Sorin Group (Milan: SRN), for an undisclosed amount.
HONG KONG (Reuters) – Before the Chinese initial public offering boom began to fizzle late last year, hedge funds jumped to buy stakes in hot companies before they went public, an investment known as pre-IPO financing. What seemed like a good idea at the time is about to come back and haunt them. With Asian […]
NEW YORK (Reuters) – New York buyout firm Apollo Management agreed on Thursday to contribute $540 million to its Hexion Specialty Chemicals unit to help it close a contentious takeover of Huntsman Corp (HUN.N: Quote, Profile, Research, Stock Buzz). The Huntsman deal is one of the last remaining uncompleted leveraged buyout deals struck during the […]
NEW YORK (Reuters) – Two former top executives of the Duane Reade Holdings Inc drug chain were indicted on Thursday on charges of falsely reducing reported company expenses and inflating income, officials said. The office of the U.S. Attorney for the Southern District said in a statement that former Chief Executive Officer Anthony Cuti also […]