VCJ Staff
Platinum Equity is the favored bidder for bankrupt Delphi Corp.'s steering and halfshaft division, with a preliminary bid reported to be valued at around $560 million. The two firms continue to negotiate.
Palladian Capital Partners has acquired shareholder services business EquiSearch Services from ChoicePoint (NYSE: CPS). No financial terms were disclosed. www.palladiancap.com www.choicepoint.com
MidOcean Partners has completed its $450 million acquisition of Sbarro Inc., a Melville, N.Y.
LVMH Moet Hennessy Louis Vuitton SA has agreed to acquire Ford Motor Co.'s Aston Martin brand, according to German trade publication Autobild. Ford would retain a 15% stake following the deal, although no financial details were reported. Other interested suitors had include Alchemy Partners, Texas Pacific Group, Permira and One Equity Partners. www.astonmartin.com
H.I.G. Capital and AmTrust Financial Services Inc. (Nasdaq:AFSI) have completed their $0.75 per share acquisition of Warrantech Corp. (OTC BB: WTEC), a Bedford, Texas
Apax Partners has agreed to acquire a 27% stake in listed French computer services group GFI Informatique, by backing a Euro 56 million rights issue. Apax said that it will not seek to acquire a control position. www.apax.com www.gfi.fr
The Carlyle Group has bowed out of the bidding for Dallas-based roofing and building products company ElkCorp (NYSE: ELK). Carlyle had originally offered to buy the company for $38 per share, but was then topped by a $40 per share offering from Building Materials Corp. of America. Carlyle raised its offer to $40.50 per share, […]
Parallel Investment Partners has completed the recapitalization of Moosejaw Mountaineering and Backcountry Travel Inc., a multi-channel retailer of premium outdoor apparel and equipment. No financial terms were disclosed. Moosejaw was advised by Financo. www.moosejaw.com
Veronis Suhler Stevenson has agreed to buy Natick, Mass.-based educational publisher Cambium Learning from J.H. Whitney & Co. for more than $300 million. www.vss.com www.cambiumlearning.com
ElkCorp (NYSE: ELK), Dallas-based roofing and building products company, has deemed a $43.50 per share offer from Building Materials Corp. of America to be superior to a $42 per share offer from The Carlyle Group. It has given Carlyle five days to raise its bid, or else it will accept the BMCA bid and pay […]