Amherst Holdings LLC, a holding company for businesses focused on the mortgage sector, has raised $225 million in private equity and debt funding from an investor consortium led by Stone Point Capital.
Last month, federal regulators loosened restrictions on private equity investment in financial services companies. The move has not, however, sparked a rush of PE activity in the sector. Part of the hesitance has been shellshock from the troubles of J.C. Flowers and TPG Capital. A larger part has been that the new regs still prevent private equity firms from […]
Rowmark, a maker of laminated and co-extruded plastic sheet products for engraving applications, has acquired 100% ownership of Tromark SAS, an Ouzoir, France-based marketing joint venture between Rowmark and Trodat GmbH (Austria). No financial terms were disclosed. Rowmark is a portfolio company of Clearview Capital.
Teachers’ Private Capital has agreed to acquire Aquilex Holdings LLC from Harvest Partners. No financial terms were disclosed for the deal, which is expected to close in December. Aquilex is a Norcross, Ga.-based energy service provider specializing in refining, nuclear and fossil power generation and waste to energy. It was acquired by Harvest Partners in 2007 from First Reserve Corp.
US private equity firm Cartesian Capital Group has declared its interest for Creston, a marketing and communications agency. London-listed Creston, which has a market capitalisation of £26.6m, is already under offer from another US private equity firm, the identity of which is not known. A takeover of the quoted group could trigger further take-private deals, […]
NEW YORK (Reuters) – The financing package offered by Reed Elsevier (REL.L: Quote, Profile, Research, Stock Buzz) in the sale of its trade publication unit might come in smaller than expected, causing bidders to reexamine their offers, a source familiar with the matter said on Monday. Only a few bidders remain in the third-round auction […]
NEW YORK (Reuters) – Cookie and frozen yogurt company Mrs. Fields Famous Brands LLC has won court approval for its Chapter 11 reorganization plan, which gives it a $10 million, three-year senior term credit facility to fund operations. The company, known for its Mrs. Fields cookie and TCBY frozen yogurt franchises, said on Oct. 2 […]
LONDON (Reuters) – The European secondary loan market entered uncharted territory on Monday as prices sank under 80 for the first time to reach 79.3 percent of face value amid further forced selling, RLPC data showed. Steep recent losses continue to hurt mark to market funds and investors and threaten to trip triggers on the […]
J.H. Whitney & Co. LLC appears poised to acquire Igloo Products Corp., a Katy, Texas-based company that makes ice chests, beverage coolers and thermoelectric coolers, Buyouts reported. The Federal Trade Commission granted the New Canaan, Conn.-based buyout shop early termination of anti-trust review under the Hart-Scott-Rodino Act on Sept. 22. Such a clearance typically means […]
LONDON (Reuters) – Amadeus Global Travel Distribution will be unable to profit by buying its leveraged loans back at a discount in the beaten-down secondary market after lenders rejected a key waiver to the company’s loan, senior sources said on Monday. Lenders rejected a waiver that would have changed the company’s existing 5.2 billion euro ($7.54 […]