Hall Capital Partners has entered the market with its second fund, according to an SEC filing. The Oklahoma-based small-market private equity firm is seeking $100 million for its Hall Capital Partners II LP. The firm invests between $2 million and $25 million into family-owned businesses. Its portfolio includes companies like Centrad Healthcare, Mishawaka Sheet Metal, and Motionwear designs, an Indiana-based maker of specialty fitness apparel. Company web site
Government-controlled auto finance company GMAC has largely been stabilized, but an initial public stock offering that will reduce the taxpayers' stake is probably at least a year away, senior U.S. Treasury officials said on Thursday.
THL Partners has agreed to acquire publicly traded CKE Restaurants, which operates the Carl's Jr. and Hardee's chains, for $928 million. The deal includes the assumption of $309 million in debt. UBS Investment Bank is acting as financial advisor to CKE. BofA Merrill Lynch and Barclays Capital are acting as financial advisors to THL. Affiliates of BofA Merrill Lynch and Barclays Capital have provided a financing commitment to THL to support the transaction.
Pinnacle Gas Resources, a publicly traded energy company minority-owned by DLJ Merchant Banking Partners, has sold to an investor group which includes management and Scotia Waterous, part of Scotia Capital, for 34 cents a share. The company went public in 2007 for $9 per share. DLJ Merchant Banking has invested approximately $44 million into the company.
Small business lender Ares Capital Corp (ARCC.O), which is buying struggling rival Allied Capital Corp (ALD.N), reported a fourth-quarter profit which beat market estimates helped by higher investment spreads and higher structuring fees. Net investment income rose to $38.4 million, or 35 cents a share, from $32.1 million, or 33 cents a share, a year ago.
(Reuters) - Nuts and snacks seller Diamond Foods Inc said it agreed to buy potato-chips maker Kettle Foods from Lion Capital LLP for $615 million in cash, to expand its presence in the growing potato chip market.
(Reuters) – China’s national pension fund, National Social Security Fund (NSSF), is expected to be a major investor in Blackstone’s (BX.N) yuan fund – a source briefed on Blackstone’s fundraising plan in China said. Blackstone announced plans in August to launch a 5-billion-yuan ($732 million) fund to invest primarily in the city of Shanghai.
(Reuters) - Canadian private-equity firm Onex Corp (OCX.TO) swung to a fourth-quarter profit, and said it was well positioned to take advantage of investment opportunitie
(Reuters) – Nine banquet waiters at the Waldorf-Astoria hotel on Park Avenue in Manhattan have sued the famous property and its owner Hilton Worldwide Inc, alleging that they were stiffed on tips. According to a lawsuit filed Thursday in Manhattan federal court, customers were led to believe that a 21.5 percent gratuity added to their […]
AMICAS Inc., a publicly traded medical technology company, said it would review the revised offer it received from Merge Healthcare now that it has been updated to include an executed definitive commitment letter for $200 million of financing from Morgan Stanley. AMICAS had previously agreed to sell itself to New York buyout firm Thoma Bravo, rejecting a rival offer from Merge because it did not have proof of guaranteed financing.