NEW YORK (Reuters) – Express Parent LLC (EXPR.N), a U.S. clothing company, and Roadrunner Transportation Systems Inc (RRTS.N), a transportation logistics company, fell in their market debuts on Thursday. Express shares opened flat with their initial public offering price, then traded down. The shares opened at $17 and dipped as low as $16.50 before recovering […]
HONG KONG (Reuters) – Newbridge Asia, a unit of buyout fund TPG, is selling 160 million shares in China’s Ping An Insurance (2318.HK) (601318.SS) for up to $1.26 billion, according to a term sheet obtained by Reuters on Thursday. Newbridge is selling the shares in a price range of HK$60.52-$61.28 each, which will raise up […]
Mark Genender has agreed to join The Carlyle Group as a New York-based managing director in the firm's consumer and retail group. He previously co-founded Star Avenue Capital with Irving Place Capital and Creative Artists Agency, and was a managing director with Fenway Partners.
Paul Lattanzio has been named president of Star Avenue Capital, a consumer growth equity vehicle recently formed by Irving Place Capital and Creative Artists Agency. Lattanzio is the former head of Bear Growth Capital Partners.
(Reuters) – Outdoor advertising company Clear Channel Outdoor Holdings Inc (CCO.N) posted a narrower-than-expected quarterly loss, helped by improved advertising spending and lower expenses. First-quarter net loss narrowed to $48.8 million, or 14 cents a share, from $91.4 million, or 25 cents a share, a year ago. Revenue rose 5 percent to $608.8 million and […]
Silver Lake Sumeru has invested an undisclosed amount in flash memory company Spansion Inc., which earlier this week emerged from Chapter 11 bankruptcy.
Contrax Furnishings, a Gainesville, Fla.-based provider of furnishings and equipment to educational institutions, hass raised an undisclosed amount of private equity funding from Hudson Ferry Capital. McGladrey Capital Markets advised Contrax on the deal.
RedPrairie Holding Inc., a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems has acquired Smartturn Inc., an Oakland, Calif.-based provider of on-demand inventory and WMS. No financial terms were disclosed. RedPrairie recently was acquired by New Mountain Capital, while SmartTurn has raised around $5 million from Emergence Capital Partners and New Enterprise Associates.
Archive Systems Inc., a Fairfield, N.J.-based provider of document process automation solutions, has raised an undisclosed amount of new funding led by NewSpring Capital. It previously raised around $22 million from Carlyle Venture Partners, Edison Venture Fund and NJTC Venture Fund.
International Absorbents Inc. (NYSE IAX) shareholders have approved a $4.75 per share buyout by private equity firm Kinderhook Industries. International Absorbants makes consumer and commercial products derived from recycled, renewable materials.