VCJ Staff
Compass Partners has acquired the bankrupt assets of USA Commercial Mortgage Co.'s (USACM) First Trust Deed Fund for $67 million. www.compass-partners.net
3i Group has made a new bid for UK utilities infrastructure maintenance company Enterprise PLC, after its initial 575 pence-per-share bid was rejected last month. The revised bid is 605 pence per share, which would value Enterprise at approximately Gbp486 million. Various press reports suggest that Enterprise's board already has accepted the increased offer. www.3i.com
Euroazeo has agreed to acquire European car park operator APCOA from Investcorp. The deal is expected to close next quarter, and would give APCOA an enterprise value of Euro 885 million. Investcorp acquired APCOA in July 2004 from German utility conglomerate EnBW Group for Euro 250 million.
The Container Store has retained JPMorgan to help it explore strategic alternatives, including a possible company sale. The privately-held storage and organization retailer said that the its primary shareholder — the Boone family
Goldman Sachs and British Airways are part of a group that is considering a buyout offer for American Airlines, according to BusinessWeek. The offer
Wynnchurch Capital Partners and Oak Hill Special Opportunities Fund have completed their acquisition of traffic control business Highway Technologies from United Rentals Inc. (NYSE: URI). No financial terms were disclosed. Highway Technologies generates approximately $270 million in revenue, with 44 branch locations and approximately 1,500 employees. www.wynnchurch.com www.oakhillcapital.com www.ur.com
ING Clarion Partners has agreed to acquire Apple Hospitality Two Inc., a REIT focused on the upscale, extended-stay suite segment of the hotel industry, for approximately $11.20 per share. The total deal would be valued at around $890 million, including debt. The Apple portfolio consists of 64 hotels, containing a total of 7,690 suites, across […]
CVC Capital Partners has completed its acquisition of a majority stake in French truck leasing company Fraiken Groupe SA from Eurazeo. As part of the deal, Erazeo has reinvested Euro 58.1 million into Fraikin, in exchange for a 19% stake. Company management also will hold a minority position. www.fraikin.fr
Veritas Capital Partners has completed its acquisition of Pearson Government Solutions (PGS) from Pearson PLC for $600 million. Pearson retained a minority interest in PGS (to be renamed Vangent), an Arlington, Va.-based provider of information and benefits solutions to national and local governments, education institutions and corporations. PGS will be renamed early next year. www.veritascapital.com […]
Aurora Capital Group has agreed to lead a buyout of Mitchell International Inc. from Hellman & Friedman. No financial terms were disclosed, although LBOWire puts the sale price at approximately $500 million. GE Pension Trust also participated alongside Aurora. Mitchell is a San Diego