VCJ Staff
Sun Capital Partners and Golden Gate Capital have agreed to acquire retailer Eddie Bauer Holdings Inc. (Nasdaq: EBHI) for $9.25 per share (12% premium to 4-week closing average). The total deal is valued at approximately $614 million, including around $328 million of debt to be repaid. It is expected to close in Q1 2007. Goldman […]
Graham Partners has completed a $215 million recapitalization of portfolio company Infiltrator Systems, a manufacturer of plastic chambers for onsite wastewater management systems in the septic leach-field and storm-water markets. First-lien providers include Merrill Lynch Capital, GE Antares and National City Bank, while second-lien providers include American Capital Strategies and Deerfield Capital. www.grahampartners.com
First Reserve Corp. and Texas Pacific Group are considering a joint offer for Amec PLC (London: AMEC). www.amec.com
Golden Gate Capital has completed a recapitalization of Venus Swimwear Inc., and subsidiaries WinterSkills LLC and Venus Manufacturing. No financial terms were disclosed for the recap, which was done in partnership with company management. Venus is a Jacksonville, Fla.-based women's swimwear company. It will now reside beneath the umbrella of Golden Gate acquisition platform Catalog […]
Lion Chemical Capital has agreed to acquire the EPDM and Rubber Chemicals businesses of Chemtura Corp. (NYSE: CEM). No financial terms were disclosed for the deal, although Chemtura did say that the units have annual revenues of approximately $300 million. www.chemtura.com
Verizon (NYSE: VZ) has agreed to sell the former MCI’s division serving corrections facilities to Global Tel*Link Corp., a portfolio company of The Gores Group. No financial terms were disclosed. www.verizonbusiness.com www.gores.com
Wellspring Capital Management has agreed to reacquire JW Aluminum Holding Co. from Superior Plus Income Fund. The deal is valued at $310 million, and is expected to close next month. JW Aluminum is a manufacturer of flat-rolled aluminum products, and had been first acquired by Wellspring from Walter Industries in December 2003 for $125 million. […]
The Riverside Company has agreed to acquire ONI SGPS SA, the wireline telecom unit of Portuguese utility Energias de Portugal. The deal is valued at Euro 160 million, and is expected to close early next year. www.riversidecompany.com
Blue Point Capital Partners and Endeavour Capital have acquired Dri-Eaz Products Inc., a Burlington, Wash.
Warburg Pincus has taken a stake in 7 Days Inn Group, an economy hotel chain in China, according to SinoCast.