WILMINGTON, Del., Nov 2 (Reuters) – Bankrupt medical equipment provider CCS Medical Inc. challenged its creditors to “put their money where their mouth is” to reach an agreement to sell the company or reorganize it. A Delaware bankruptcy court judge rejected last month the company’s proposed plan of reorganization that was backed by Highland Capital […]
Huron Capital Partners has invested $30 million into Maple Leaf Automotive Inc., an Ontario-based manufacturer of replacement parts for the automotive aftermarket.
Portfolio Advisors LLC has closed its debut secondaries fund with $1.1 billion in capital commitments, according to VentureWire. The Darien, Conn.-based firm has invested in secondaries via its fund-of-funds vehicles, but this is its first dedicated secondaries vehicle. www.portad.com
RMI, a Carlyle Group portfolio company that provides software to the transportation industry, has acquired ExpressYard, a Flint, Mich.-based provider of SaaS applications that support the billing of railcar repairs for contract shops and railroads in North America. No financial terms were disclosed. ExpressYard will move its Michigan operations to RMI's Atlanta headquarters.
Shackleton Equity Partners has acquired SafeHarbor Technology Corp., a Seattle-based provider of Web self-service software solutions. No financial terms were disclosed.
(Reuters) – Blackstone-controlled plastic container maker Graham Packaging Co Inc filed with U.S. regulators on Monday to raise up to $350 million in an initial public offering, the latest in a series of attempted private equity-backed offerings. Immediately prior to the IPO, GPC Capital Corp II, a unit of Graham Packaging Holdings Co., will change […]
MADRID (Reuters) – Spain’s Gas Natural (GAS.MC) has between four to six bidders for assets worth about 1.5 billion euros ($2.22 billion) and hopes to close their sale by the end of the year, La Vanguardia reported on Tuesday, citing sources close to the process. Citigroup and JP Morgan are advising on the sale, which […]
AMSTERDAM, Nov 3 (Reuters) – Dutch bancassurer ING Groep (ING.AS) said on Tuesday it will sell three of its U.S. independent broker-dealer units to private equity firm Lightyear Capital LLC as it restructures its operations worldwide. Terms of the deal, which is expected to close early next year, were not disclosed. The sale follows ING’s […]
ConvergEx, a New York-based provider of global agency brokerage and investment technology solutions, has completed its acquisition of the assets of Cogent Consulting LLC, a software development firm specializing in advanced commission management. No financial terms were disclosed. ConvergEx was formed in 2006 by GTCR Golder-Rauner, which combined Eze Castle Software and the institutional brokerage business of Bank of New York.
7 Days Group Holdings, a Chinese budget hotel chain, has filed for a $100 million IPO. It plans to trade on the NYSE under ticker symbol SVN, with J.P. Morgan and Citi serving as co-lead underwriters. Shareholders include Warburg Pincus and Actis.