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.
Common Resources LLC, an oil and gas exploration company, has been sold in a pair of transactions totaling $805 million. EXCO Resources Inc. (NYSE: XCO) and BG Group PLC (LSE: BG.L) bought Common’s Haynesville assets for approximately $446 million, while Talisman Energy Inc. (NYSE: TLM) bought Common’s Eagle Ford assets for approximately $359 million. Common Resources was founded in 2007, and backed by EnCap Investments, Pine Brook Road Partners and Soros Fund Management.
Denham Capital has agreed to sell Galveston LNG Inc. to the Canadian subsidiary of EOG Resources Inc. (NYSE: EOG). No financial terms were disclosed. Calgary-based Galveston LNG owns, via a subsidiary, a 49% interest in the planned liquefied natural gas (LNG) export terminal around 400 miles north of Vancouver.
Palamon Capital Partners has sold theme park Mobie Park Germany to Spanish entertainment operator Parques Reunidos. No financial terms were disclosed. Palamon acquired Mobie Park Germany in 2004, as one of six theme parks bought from Six Flags. It sold the other six in 2006.
H.I.G. Capital has acquired a control stake in First Capital, a Boca Raton, Fla.-based provider of asset-based lending and factoring to small and mid-sized companies. Participating alongside H.I.G. were affiliates of Morgan Stanley Alternative Investment Partners and JP Morgan Asset Management. No financial terms were disclosed.