Nixon Peabody LLP has named Philip Taub as chair of the law firm's business and financial services departments. He previously ran the M&A and private transaction groups.
Ed Goddard has joined UK private equity firm Sovereign Capital, to focus on research and direct origination. He previously was with executive search firm Redgrave Partners.
Black Diamond Capital Management has been named the "stalking horse bidder" for PTC Alliance, a Wexford, Penn.-based maker of steel tubing and rods that yesterday filed for Chapter 11 bankruptcy protection.
Olympus Capital Investments has sponsored a recapitalization of J.W. Hulme Co., a St. Paul, Minn.-based maker of leather and canvas bags and accessories. No financial terms were disclosed.
Addus Homecare Corp., a Palatine, Ill.-based provider of social and medical services in the home, has set its IPO terms to five million common shares being offered at between $11 and $13 per share. It would have an initial market cap of approximately $131 million, were it to price at the high end of its […]
NEW YORK (Reuters) – Education Management Corp (EDMC.O), a provider of post-secondary education, said on Thursday that shares in its initial public offering priced for $18 each, at the bottom of the range. The private equity backed company sold 20 million shares and said it expects net proceeds of $334.8 million. The company runs 92 […]
TORONTO (Reuters) – Onex Corp (OCX.TO), one of Canada’s leading private equity firms, said on Thursday it would take public a fund that invests in high-yield debt, citing credit market opportunities created by the global financial crisis. Onex is offering to sell units of OCP Credit Strategy Fund at C$10 each. It did not say […]
Investindustrial, a private equity firm focused on Souterh Europe, has raised a €100 million annex for its €500 million third fund.
Madison Capital Funding, a subsidiary of New York Life Investments, has acquired a portfolio representing 40 different mid-market borrowers. The collective commitments total more than $141 million. PRESS RELEASE Madison Capital Funding LLC (“Madison Capital”), a premier financing company focused on the needs of middle market private equity sponsors, has acquired a portfolio of investments representing […]
Golden Gate Capital has agreed to acquire Hollywood, Fla.-based Devcon Security, according to Security Systems News. No financial terms were disclosed. Devcon is a provider of installation, monitoring and related electronic security services. It had been publicly traded on the OTC bulletin board until deregistering its securities last October. Update: Devcon has now confirmed the news. Press […]