BUDAPEST (Reuters) – Hungarian chemicals firm BorsodChem said its lenders want private equity owners Permira and Vienna Capital Partners to keep a majority stake in the company, potentially scuppering rival plans by China’s Wanhua Industrial Group. BorsodChem, which is in the middle of a debt restructuring, added that chemicals firm Wanhua may become a minority […]
Birds Eye Foods Inc., a Rochester, N.Y.-based maker of packaged food products, has filed for a $350 million IPO. J.P. Morgan is serving as lead underwriter. The company reported around $935 million in revenue for the year ending June 30, 2009. Vestar Capital Partners acquired Birds Eye in 2005. www.birdseye.com
NEW YORK (Reuters) – Two new stocks debuted on U.S. exchanges on Thursday following their initial public offerings, with one barely rising and the other plunging. Mistras Group Inc (MG.N), which evaluates the structural integrity of public and private infrastructure, closed the day up 0.64 percent, or 8 cents, at $12.58 on the New York […]
MUMBAI (Reuters) – Global buyout giants such as Warburg Pincus and the Carlyle Group may have to wait a decade or more for Indian family business cultures to change before they can make big buyout deals, finance industry executives said. Meanwhile, growth capital funds have seen better opportunities in India finding bargains by taking stakes […]
Tim Harned has joined America’s Growth Capital as a Boston-based partner in the firm's investment banking group. He previously was head of media and technology I-banking at Capstone Partners.
Angela Galbraith has joined UK-based Inflexion Private Equity as an origination executive. She previously was with KPMG.
Brad Edmister has joined Ropes & Gray as a private equity-focused partner in in the law firm's Tokyo office. He previously was with Milbank, Tweed, Hadley & McCloy's Tokyo office.
Viasystems Group Inc. has agreed to become publicly traded via a reverse merger with fellow printed circuit board maker Merix Corp. (Nasdaq: MERX). Viasystems shareholders HM Capital and GSC Partners will become the combined company's majority owners.
Triad Guaranty Inc. (Nasdaq: TGIC) has agreed to sell its IT and operating platform to Essent Guaranty Inc., a mortgage insurer formed earlier this year via a $500 million investment from Pine Brook Road Partners, Goldman Sachs, J.P. Morgan, PartnerRe and Renaissance Re. The deal is valued at up to $30 million, including a $15 million up-front payment and $15 million in earnouts.
(Reuters) – U.S. golf club shaft maker True Temper Sports Inc filed for Chapter 11 bankruptcy protection on Thursday, hurt by the downturn in the golf equipment industry. In a filing with the U.S. Bankruptcy Court for the District of Delaware, True Temper listed estimated assets of about $180.5 million and estimated liabilities of about […]