NEW YORK (Reuters) – Blackstone Group’s COO Tony James said on Wednesday he foresees a gradual shift in the coming years of capital pools away from the United States to Asia, the Middle East and other areas of the globe. Speaking at a Financial Times conference in New York, he noted the dollar’s decline and […]
Monomoy Capital Partners has acquired the assets and operations of Nypro Chihuahua, a 100,000 square foot plastic molding facility located in the largest industrial corridor near the border between the United States and Mexico. No financial terms were disclosed. Nypro Chihuahua will operate as part of Fortis Plastics LLC, an acquisition platform formed by Monomoy in 2007, via acquisitions from Leggett & Platt and Atlantis Plastics.
NEW YORK (Reuters) – Vitamin Shoppe Inc (VSI.N) shares soared in their first trading session after the health supplement retailer’s IPO priced above expectations and became the first U.S. retailer to go public in two years. Its shares were up 16 percent to $19.67 on the New York Stock Exchange, after rising as much as […]
(Reuters) – Three bidders remain in the auction of German web hosting firm Strato, which has been put up for sale by German phone company freenet AG (FNTGn.DE), two banking sources said on Wednesday. Freenet said in June it hopes to raise between 300 million euros ($445.1 million) and 400 million from the disposal. Private […]
LONDON (Reuters) – Private equity firms are vying to get on a shortlist of potential buyers for discount retailer Matalan, which could fetch up to 1.5 billion pounds ($2.46 billion), sources familiar with the matter said. European buyout house CVC kicked off interest in the retail empire majority-owned by founder John Hargreaves and has since […]
LONDON (Reuters) – U.S. buyout house TPG sold its stake in Debenhams Plc (DEB.L) to an unnamed hedge fund, a source familiar with the situation said on Wednesday, netting some 100 million pounds ($163.7 million). TPG [TPG.UL] sold its remaining stake of more than 120 million shares — some 9 percent of the department store […]
Nixon Peabody LLP has named David Martland as head of its M&A and private company transactions practice. He joined Nixon Peabody in 2003, and succeeds Philip Taub, who was named chair of the business and finance department.
Triton Pacific Capital Partners has acquired a majority stake in MyPrint Corp., an Irvine, Calif.-based provider of managed print and promotional marketing programs. No financial terms were disclosed.
Accel-KKR has agreed to acquire the assets and liabilities of customer service software provider KANA Software Inc. (OTC BB: KANA), for approximately $48.9 million.
Fifth Third Bancorp (Nasdaq: FITB) has formed a private equity lending team, which will focus on transactions in which the target has between $10 million and $50 million in EBITDA. It will be led by managing directors Brian Crabb, formerly with CapitalSource, and Josh VanManen, former head of Fifth Third's western region team in Denver.