VCJ Staff
Palamon Capital Partners has completed its public-to-private acquisition of Retail Decisions PLC, a UK-based payment card and fraud prevention group. The deal was valued at approximately Gbp200 million. www.palamon.com www.redplc.com
Kinder Morgan Inc. (NYSE: KMI) shareholders have approved a $107.5 per share buyout offer from a consortium that includes chairman Richard Kinder, GS Capital Partners, AIG, The Carlyle Group and Riverstone Holdings. The total deal is valued at around $22 billion. www.kindermorgan.com
Endeavor Acquisition Corp. (AMEX: EDA) has agreed to acquire t-shirt wholesaler American Apparel for around $354 million (including assumed debt). Endeavor is a SPAC whose management team includes: Eric Watson, also chairman of Cullen Investments Ltd.; President Jonathan Ledecky, founder of U.S. Office Products; Director Edward Matthias, a partner and managing director of The Carlyle […]
Permira has acquired Gbp68 million worth of additional shares in listed UK beverage company Britvic, sparking renewed speculation of an imminent takeover bid. Various reports suggest that AXA was the seller. www.permira.com www.britvic.com
Bain Capital and Japan Industrial Partners have agreed to sponsor a proposed management buyout of listed Japanese telco SunTelephone. The deal could be worth upwards of $300 million.
Sagard and Ergon have co-sponsored a Euro 430 million management buyout of Aliplast Group from Cognetas (f.k.a. Electra Partners Europe). Aliplast is a Lokeren, Belgium-based supplier of aluminium profile systems, and was acquired by Cognetas in early 2004. It has over 1,000 employees and generated 2005 revenue of around Euro 180 million with 20% growth […]
Gryphon Investors has recapitalized DLC Inc., a Los Angeles-based provider of high-end, project-based finance and accounting services to Fortune 1000 and middle-market companies. Senior DLC management will continue to run the company and remain significant shareholders. Gryphon and Ray Marcy, former Chairman and CEO of Spherion Corp., will support the company's continued expansion through new […]
The Carlyle /Riverstone Renewable Energy Infrastructure Fund has sold part of its equity interest in Green Earth Fuels LLC, a Houston
Equity Office Properties Trust (NYSE: EOP) is willing to consider higher buyout offers than the $48.50 per share bid from The Blackstone Group, according to a proxy statement. If it were to accept such an offer, however, it would be required to pay Blackstone a $200 million breakup fee. The proxy statement also said that […]
Investcorp has agreed to acquire Armacell International GmbH from Gilde Buyout Fund and CVC Capital Partners. No financial terms were disclosed for the deal, which is expected to close next month. Armacell is a Minster, Germany-based provider of flexible technical insulation.