Carlyle Group has invested an additional $10 million into Supercircuits, a video surveillance provider it purchased control of in 2006. The new capital will be used to fully retire Supercircuits’ debt and develop new products.
(Reuters) – Lonza (LONN.VX) withdrew its $460 million offer to acquire Canada’s Patheon (PTI.TO) on Tuesday, citing the cost and the opposition of majority shareholder JLL, and may now set its sights on other similar buys. The Swiss drugs industry supplier sought to widen its product range by offering last month to acquire drug manufacturer […]
Thompson Street Capital Partners, a buyout firm based in St. Louis, Missouri, has invested in Logan’s Linens , a Shelbyville, Ky.-based hospital linen and uniform rental business for an undisclosed price. Falls River Group advised the seller; Dresner Partners assisted the firm on the transaction. Press release: Falls River Group, LLC, a Naples, Fla.-based middle […]
Jon Moulton, the founder of Alchemy Partners who earlier this year left the British buyout firm in a public disagreement over its direction, has plans to launch a new buyout firm according to reports. Moulton will hire six executives to begin the firm, called Better Capital, which will invest in distressed companies in the UK.
Hudson Capital Partners, a Newton, Mass.-based adviser for retail and consumer products asset dispositions, has appointed Elijah Kaplan Vice President of Capital Markets. In the newly created position, Mr. Kaplan will focus on originating investment opportunities by marketing the firm`s products and services to capital markets participants such as financial sponsors, distressed investors, lenders, and […]
(Reuters) – Hyatt Hotels Corp (H.N) set the size and price range of its planned initial public offering, suggesting the launch of the $931 million deal is imminent despite signs of feuding within the controlling Pritzker family. (peHUB note: Goldman Sachs and Madrone Capital Partners maintain stakes in the company.) The Chicago-based hotel chain, which […]
(Reuters) – AmTrust Financial Services Inc (AFSI.O) said it agreed to initially invest $42.5 million in a joint venture to acquire struggling GMAC’s U.S. consumer property and casualty insurance business. (peHUB Note: Cerberus Capital Management maintains a minority stake in GMAC.) The joint venture is with American Capital Acquisition Corp, a newly formed acquisition corporation […]
Maxxam Analytics, an independent analytical laboratory business backed by OMERS Private Equity, acquired Cantest Ltd., a British Columbia-based analytical laboratory business, for an undisclosed sum. OMERS Private Equity is the buyout arm of OMERS, a Canadian pension plans. PRESS RELEASE Maxxam Analytics International Corporation – an OMERS Private Equity portfolio company – announced today that […]
FleetPride, a Woodlands, Texas-based seller of aftermarket heavy duty vehicle parts, has purchased the assets of Angelo Fleet & Industrial Supply, Inc. of San Angelo, Texas for an undisclosed price. FleetPride was purchased by Investcorp in 2006. PRESS RELEASE: FleetPride, Inc., the nation’s largest independent aftermarket distributor of heavy-duty truck and trailer parts, announces that […]
Carlyle Group has purchased a 16.5% stake in China Argitech, an Asian organic fertilizer maker, for $15 million. PRESS RELEASE: China Agritech, Inc. (NasdaqGM: CAGC) (“China Agritech”, or the “Company”), a leading national organic fertilizer manufacturer and distributor in China, today announced the signing and closing of a private placement with Carlyle Asia Growth Partners, […]