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Clear Channel Communications Inc. (NYSE: CCU) has agreed to be acquired for $37.60 per share by a group co-led by Bain Capital and Thomas H. Lee Partners. The total transaction value is $26.7 billion, including the assumption or repayment of approximately $8 billion in net debt. Leverage commitments are coming from Morgan Stanley, Citigroup, Deutsche […]
Industrial Growth Partners has acquired Microporous Products, a Piney Flats, Tenn.-based maker of rubber and polyethylene battery separators for the lead-acid battery industry. No financial terms were disclosed, except that Golub Capital helped finance the deal with $10 million in subordinated debt and equity. www.mplp.com
Shoreline Solutions, a Wallingford, Conn.-based provider of credit and debit card personalization and related fulfillment services, has received an undisclosed amount of private equity funding from G.L. Ohrstrom & Co. www.shoreline-solutions.com
Texas Pacific Group unexpectedly dropped out of the running for Clear Channel Communications (NYSE: CCU), thus leaving former consortium partners Bain Capital and Thomas H. Lee Partners in a major lurch. The group may still pull win the deal, but faces very stiff competition from a rival consortium made up of Blackstone Group, KKR and […]
LNK Partners has led a recapitalization of Ariat International Inc., a Union City, Calif.-based maker of branded equestrian footwear, apparel, and accessories. LNK invested $61 million in exchange for a “significant minority ownership interest,” while Brentwood Associates and company management also participated. www.ariat.com www.lnkpartners.com
Gulf Capital has acquired a 60% stake in Metito Holding Ltd., the Middle East's largest provider of water and wastewater solutions and technology. No financial terms were disclosed. www.gulfcapital.com
The American Made study that details the impact of immigrant entrepreneurs on U.S. competitiveness has been public now for about eight hours.  NVCA commissioned this study to add some hard facts into the rancorous  and often overly emotional debate on immigration. For years the venture capital community has recognized the tremendous value that foreign born nationals […]
Shore Points Capital Partners has acquired the assets and certain liabilities of SGS Partners and National Steelcrafters of Oregon Inc. The companies are based in Arlington, Texas, and make pellet stoves and other hearth products under the Breckwell brand. CapitalSource provided leverage for the deal. Shore Points formed earlier this year as an independent spinout […]
Castle Harlan has agreed to buy AmeriCast Technologies Inc. from KPS Special Situation Funds for $110 million. AmeriCast is an Atchison, Kansas-based maker of highly-engineered steel castings.
Caxton-Iseman Capital has agreed to acquire Valley National Gasses Inc. (AMEX: VLG) for $27 per share. The total deal is valued at approximately $312 million, including around $63 million in assumed debt. Valley National is an independent U.S. distributor of industrial, medical and specialty gases delivered in “packaged” or cylinder form, related welding equipment and […]
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