Industrial Opportunity Partners has acquired E.B. Bradley Co., a West Coast manufacturer and distributor of specialty hardware, surfacing products, flooring and woodworking supplies. No financial terms were disclosed. Fifth Third Bank and Stonehenge Partners are providing debt.
Arsenal Capital Partners has promoted Christopher Johnson to vice president and Jeffrey Moffett to senior associate. Johnson joined the firm last year as a senior associate, while Moffett joined in 2006 as an associate.
Whit Matthews has joined SL Capital Partners as an investment manager focused on private equity. He previously worked in the University of Pennsylvania’s investment office as an associate.
Perseus LLC has completed a leveraged recapitalization of Seismic Equipment Solutions, a Houston, Texas-based provider of seismic acquisition equipment and related services to the oil and gas exploration industry. No financial terms were disclosed. Westlake Securities advised SES on the deal.
One Equity Partners has invested $100 million into Open Range Communications, a Greenwood Village, Colo.-based provider of wireless broadband services to rural communities. The financing fulfills a requirement that will allow Open Range to tap a $267 million broadband access loan from the U.S. Department of Agriculture.
Darby Overseas Investments has acquired a 32.4% equity stake in Gangwon Wind Power Co. Ltd., South Korea’s largest wind farm operator. No financial terms were disclosed. Darby made the investment out of its $610 million Korea Emerging Infrastructure Fund.
Vector Capital is has agreed to acquire Israeli security software company Aladdin Knowledge Systems (Nasdaq: ALDN), for approximately $160 million. Aladdin shareholders would receive $11.50 per share in cash, which is a 20% premium to last Friday’s closing price. Last year, Aladdin rejected a $13 per share offer from Vector. Wells Fargo Foothill has committed to provide leveraged financing for the buyout.
LONDON, Jan 12 (Reuters) – European buy-out value fell to its lowest level for five years in 2008 weighed down by restrictions in credit markets and the deteriorating economic climate, research firm and publisher Unquote said on Monday. In a statement released ahead of the publication of the 19th edition of the European Buyout Review, […]
(Reuters) – The Federal Deposit Insurance Corp may be facing up to $10 billion in previously unknown liabilities tied to mortgages failed lender IndyMac sold to Fannie Mae, the New York Post said. Such a liability to the FDIC’s $34.6 billion insurance fund would leave the agency less able to deal with the number of […]
LONDON (Reuters) – Turnaround consultancy firm Alvarez & Marsal (A&M) said on Monday it had created a new European M&A advisory team to cater for growing demand for specialist advice on takeovers of distressed companies. The move, which sees 12 new advisers join the firm, underscores expectations of a bumper year for deals involving companies […]