Palladium Equity Partners has acquired Capital Contractors Inc., a Melville, N.Y.-based based provider of janitorial and facilities maintenance services. No financial terms were disclosed, exept that Palladium provided both equity and debt.
Boeing (NYSE: BA) has named Andrew Ward as chief investment officer of its $65 billion pension system. He previously was managing director of investment strategy and asset allocation. Former Boeing CIO Mark Schmid left in June to become CIO of the University of Chicago.
We've already sold more than 120 tickets for our first-ever peHUB Shindig in Dallas, which is taking place on October 14 at the Uptown Bar & Grill. Cocktails & conversation with Big D's venture capital and private equity community. I'm expecting it to be sold-out by this time next week, so get yours today (ticket proceeds go to a local charity to be picked by event attendees). More info is available here, or you can just buy your ticket below:
NEW YORK (Reuters) – The UK’s leading maker of methadone, used to treat opiate addiction, has attracted interest from a number of private equity groups, the Financial Times reported on Sunday. Martindale Pharamceuticals was put up for sale by its parent Cardinal Health (CAH.N) in June, according to a transcript of a conference call the […]
Alexandra Jung has joined Oak Hill Advisors as co-head of the firm's European business. She previously was a managing director with Greywolf Capital Management.
WorldLynx Wireless, a Toronto-based acquisition platform focused on Bell Mobility independent wireless dealers across Canada, has raised an undisclosed amount of private equity funding from Mistral Equity Partners.
NEW YORK (Reuters) – The Minneapolis Star-Tribune is poised to exit bankruptcy by the end of September after a federal bankruptcy judge approved a reorganization plan that gives ownership of Minnesota’s largest newspaper to its senior lenders. Judge Robert Drain of U.S. Bankruptcy Court in Manhattan on Thursday approved the plan, which calls for a […]
PARIS (Reuters) – Vivendi (VIV.PA) on Monday declined comment on whether it was likely to sell its 20 percent stake in NBC Universal this year, which could pave the way for a possible initial public offering of the U.S. media group. “Vivendi has no comment to add to what (Chief Executive) Mr Levy has said,” […]
FRANKFURT (Reuters) – The mail-order division of insolvent German retailer Arcandor (AROG.DE) is likely to be sold in October, a spokesman for the administrator said, confirming a report that a sale was on the cards in the coming weeks. Joerg Nerlich, who is a part of the insolvency administrator team, had said last Friday that […]
HONG KONG (Reuters) – Wumart Stores Inc (8277.HK), a major Chinese retailer backed by TPG Capital, is in the final stages of talks to acquire smaller rival Times Ltd (1832.HK) for about $600 million, a moved aimed at boosting Wumart’s national network, people familiar with the situation said on Monday. Times was also in talks […]