NEW YORK (Reuters) – Barcalounger Corp, which began making reclining chairs in World War II, has filed for bankruptcy protection and agreed to sell its assets, citing a sales downturn that left it unable to survive. In a filing in the Wilmington, Delaware, bankruptcy court, Chief Restructuring Officer John Chapman said Barcalounger cannot generate enough […]
maxIT Healthcare LLC, a Westfield, Ind.-based portfolio company of Riordan, Lewis & Haden Equity Partners, has merged with Parker, Colo.-based Ingenuity Solutions Group Inc. No finacial terms were disclosed. The combined company will provide healthcare ERP system solutions to the healthcare IT professional services market.
Kohlberg & Co. has sold U.S. Infrastructure Corp., a provider of outsourced sub-surface utility locating services in the U.S., to OMERS Private Equity. No financial terms were disclosed for the deal, which was managed by Harris Williams & Co.
LONDON (LONDN) – Private equity firm Cinven’s [CINV.UL] purchase of French medical diagnostics business Sebia is being financed with a 340 million euro loan provided by BNP Paribas, Citigroup and Commerzbank, the banks said on Wednesday.Cinven bought the business for around 800 million euros in mid-March from Montagu Private Equity using equity to finance the […]
CALGARY, Alberta (Reuters) – Marathon Oil Corp (MRO.N) said on Wednesday it will sell most of its refining and marketing assets in Minnesota to three private equity firms for more than $800 million as it streamlines operations during a period of weak profit margins at refineries. The integrated oil company has signed a nonbinding letter […]
Sun Capital Partners has acquired Captain D’s Seafood Kitchen, the nation's largest casual seafood restauirant chain. The seller was Sagittarius Brands, a portfolio company of Charlesbank Capital Partners. No financial terms were disclosed.
COPENHAGEN (Reuters) Danish food ingredients group Chr. Hansen said it aimed to raise a net 3.16 billion crowns ($527 million) in an initial public offering of new shares that marks a thaw in the Danish IPO market. Chr. Hansen said in a statement on Wednesday it had set the price range for the offering at […]
LONDON (Reuters) – Clayton, Dubilier & Rice (CD&R), the venerable U.S. buyout house, has entered the crowded field of suitors vying for Royal Bank of Scotland Group Plc’s (RBS.L) $4 billion payment-processing arm, people familiar with the matter said. CD&R’s emergence is unusual, because the sale of RBS’s Global Merchant Services (GMS) business is already […]
Caine Moss has joined Goodwin Procter as a partner in the firm's Silicon Valley office. He previously was with Wilson Sonsini Goodrich & Rosati.
Montage Partners has acquired Cal-Sierra Pipe Inc., a Stockton, Calif.-based provider of steel pipes for use in agriculture and water infrastructure applications. No financial terms were disclosed. McGladrey Capital Markets managed the transaction.