WILMINGTON, Del. (Reuters) – Trader publisher Questex Media filed for bankruptcy on Monday and plans to sell the U.S. company to holders of its debt, according to court documents. The Newton, Massachusetts company publishes 23 print magazines such as American Spa and Hotel & Motel Management and sponsors 28 conferences, according to court documents. It […]
NEW YORK (Reuters) – U.S. network equipment maker Brocade Communications Systems Inc (BRCD.O) has put itself up for sale and Hewlett-Packard Co (HPQ.N) is among the possible bidders, the Wall Street Journal reported on Monday, triggering a 17 percent jump in Brocade shares. The paper, citing people familiar with the matter, also named Oracle Corp […]
(Reuters) – Select Comfort Corp (SCSS.O) said it agreed with private equity firm Sterling Partners for an investment of $10 million through June 2010. Under the terms, Sterling Partners has the right to purchase 2.5 million shares at $4.00 apiece, and will receive warrants to buy 2 million shares at 1 cent each. Select Comfort […]
NEW YORK (Reuters) – Privately owned power company Energy Future Holdings Corp on Monday said it was offering to exchange up to $4 billion of new notes for outstanding notes to extend maturities and reduce debt. The company said it is also seeking consent from debt holders to amend restrictive terms of its outstanding notes. […]
(Reuters) – Sally Beauty Holdings Inc (SBH.N) said its subsidiary Beauty Systems Group LLC has acquired privately held beauty products distributor Schoeneman Beauty Supply Inc for about $61 million in cash, to enhance its presence in the U.S. Northeast region. Sally Beauty, which distributes beauty supplies and hair products, expects the transaction to add slightly […]
Quad-C Management is in talks to invest in Chicago-based Cloverhill Bakery, according to LBO Wire. The deal would include around $150 million in senior debt from Madison Capital Funding, GE Capital and BMO Capital Markets, plus junior debt from Audax Group’s mezzanine unit. www.cloverhill.com
Plantronics Inc. (NYSE: PLT) has agreed to sell its audio entertainment group (Altec Lansing) to Prophet Equity for approximately $18 million in cash.
TPG Capital has completed a $98.1 million tender offer for shares in building products company Armstrong World Industries Inc. (NYSE: AWI), brining its ownership stake up to 12.2 percent.
Lime Rock Partners has invested $55 million into ITS Group, a global provider of oilfield equipment and services, in exchange for a minority ownership position.
TA Associates has paid over $200 million to buy a minority stake in AVG Technologies, an Amsterdam-based provider of computer security software, from existing company shareholders. Joining TA on the deal were Benson Oak Capital and Intel Capital.