Aramark Corp. (NYSE: RMK) has agreed to an $8.3 billion buyout led by CEO Joseph Neubauer, and including private equity firms GS Capital Partners, CCMP Capital Advisors, JPMorgan Partners, Thomas H. Lee Partners and Warburg Pincus. The deal will provide Aramark shareholders with $33.80 per share in cash, and includes the assumption of approximately $2 […]
NewMarket IT, an Austin, Texas-based provider of data erasure, remanufacturing, remarketing and recycling of personal computers, has raised $50 million in first-round funding from Catterton Partners. www.newmarketit.com Elevation Partners has acquired a minority position in Forbes Media LLC, publisher of Forbes magazine, Forbes.com and other business media properties. No financial terms were disclosed. JPMorgan Securities […]
Royal Philips Electronics (NYSE: PHG) has agreed to sell an 80.1% stake in its semiconductor business to KKR, Silver Lake Partners and AlpInvest Partners. The deal values the total unit at
Cinven and Warburg Pincus have agreed to buy Essent Kabelcom, the cable television unit of Dutch energy company Essent. The deal is valued at
Willis Stein & Partners has retained Evercore Partners and Lehman Brothers to help evaluate a possible sale of Ziff Davis Holdings, a New York-based publisher of titles like PC Magazine, eWeek and CIO Insight. Ziff Davis reported $5.7 million in EBITDA for Q2 2006, on revenue of $45.2 million. Willis Stein acquired the company in […]
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Now Hiring: New York City During an industry event a few weeks back, I was pulled aside by a public pension fund manager who objected to my blanket characterization of his peers as “dumb money.” He argued that every large group has both good and bad apples, and that it’s unfair to deride the entire […]
Forum Notes Last Thursday, Thomson Financial and Goodwin Procter co-hosted an afternoon forum titled Energy Investing in a Carbon-Constrained World. The standing-room only crowd included a large number of Wire readers, who heard a wide-ranging discussion that touched on everything from carbon credit trading to box office results for the Al Gore movie (or, more […]
Random Ramblings I do not pretend to understand the wisdom of Highland Capital Partners’ deal size-agnostic investment strategy. To me, it seems instinctively improper to conduct the same amount of due diligence time and money on a $35 million investment (like FastClick) and a $500,000 million investment (like Virtual Iron Software), even if Highland is […]
Monday Mouth-Off The sun is shining, the Boston Herald could not be sold and Vinod Khosla is the Dateline NBC-anointed face of ethanol evangelism. In other words, it