Levine Leichtman Capital Partners has agreed to acquire the franchise business of NexCen Brands Inc. (OTC BB: NEXC) for $112.5 million. The deal includes all of NexCen's interests in Great American Cookies, MaggieMoo's, Marble Slab Creamery, Pretzelmaker, Pretzel Time, The Athlete’s Foot and Shoebox New York.
Roadrunner Transportation Services Inc., a Cudahy, Wis.-based provider of non-asset based transportation and logistics services, raised around $148.4 million via its IPO. The company sold 10.6 million common shares at $14 per share ($14-$16 offering range), which gives it an initial market cap of approximately $414 million. Roadrunner will trade on the NYSE under ticker symbol […]
(Reuters) – Private equity firm 3i Group said the value of its portfolio rose 15 percent last year, as corporate earnings recovered and its stakes were revalued, although high asset prices could stymie new deals. Net asset value rose to 321 pence at the end of March from 279 pence a year earlier, the British […]
MUMBAI (Reuters) – Emerging markets fund firm Ashmore (ASHM.L) said on Thursday it has launched a fund jointly with power trading firm PTC India (PTCI.BO) that aims to raise $750 million to finance power projects across all energy-related sectors in India. India’s power sector, beset by a peak power deficit of 12 percent, has struggled […]
Micron Technology Inc. (Nasdaq: MU) has acquired flash memory company Numonyx BV for $1.2 billion in stock. Numonyx was formed in 2008 as a joint venture between Intel Corp., STMicroelectronics and Francisco Partners. Intel contributed its NOR assets for a 45.1% stake, STM contributed its NOR and NAND assets for a 48.6% stake and Francisco invested $150 million for a 6.3% stake.
ABRY Partners has agreed to sell data center operator CyrusOne to Cincinnati Bell Inc. (NYSE: CBB) for $525 million in cash.
NEW YORK (Reuters) – U.S. clothing company Express Parent LLC (EXPR.N) priced shares in its initial public offering below the expected range on Wednesday, according to an underwriter. The Columbus, Ohio-based company sold 16 million shares for $17 each, raising about $272 million. It planned to sell 16 million shares for between $18 and $20 […]
NEW YORK (Reuters) – Private equity firm Silver Lake is considering joining the consortium bidding for Fidelity National Information Services Inc (FIS.N), two sources familiar with the matter said on Wednesday. The current consortium in talks to buy the company, which provides payment processing and other banking services, is made up of Blackstone Group (BX.N), […]
Crestview Partners has invested $125 million into oil services company SES Holdings LLC, which operates both Select Energy Services LLC and Bell Supply Company. The deal gives Crestview a 45% equity stake, plus the option to invest an additional $50 million at the same valuation and terms.
Greg Reynolds has joined The Comvest Group as a managing director. He previously was a director with Dymas Capital.