VCJ Staff
Cerberus Capital Management has agreed to acquire Madison, N.C.-based firearms and ammunition manufacturer Remington Arms Co. from CD&R and Bruckmann Rosser Sherrill & Co. The deal is valued at approximately $370 million, which includes the assumption of Remington's $252 million of revolving credit facility and other indebtedness. CD&R acquired Remington from Dupont in 1993, and later brought […]
Bupa, the UK's largest private healthcare organization, has put its 26 UK hospitals on the auction block. The move comes less than two years after Bupa sold nine UK hospitals to Legal & General Ventures for Gbp85 million, and is expected to generate approximately Gbp1 billion. Suitors reportedly include Blackstone Group, Cinven and Macquarie Bank. […]
CVC, Blackstone Group and TPG have sweetened their Gbp9.7 billion offer for British supermarket chain J Sainsbury PLC, according to The Times of London. The consortium
Mirant Corp. (NYSE: MIR) said today that its board has decided to explore strategic alternatives, including a possible sale. The Atlanta-based power company has a market capitalization in excess of $10 billion, and previously had disclosed intentions to sell its Philippine business, Caribbean business and six U.S. natural gas-fired power plants. JPMorgan is serving as […]
The Carlyle Group and Gresham Private Equity are considering an offer in excess of Au$400 million for glass manufacturer Pilkington Australia Ltd., according to The New Zealand Herald. Other interested suitors could include Catalyst Investment Managers and the pairing of Pacific Equity Partners with DMS Glass.
Thoma Cressey Bravo has agreed to acquire Embarcadero Technologies Inc. (Nasdaq:EMBT), a San Francisco-based provider of data management solutions. The total deal is valued at approximately $200 million, with Embarcadero stockholders to receive $7.20 per share. Morgan Stanley advised Embarcadero on the deal, while Wells Fargo Foothill has committed to provide leveraged financing. Thoma Cressey […]
KKR has agreed to acquire Singapore-based electronic components manufacturer MMI Holdings Ltd. (SG: MMIH) for approximately $664 million. www.kkr.com www.mmi.com.sg
Summit Partners is nearing a deal to acquire National Veterinary Associates Holdings Inc. from Willis Stein & Partners, according to LBO Wire. Willis Stein formed Westlake Village, Calif.-based NVAH in 1997 as an acquisition platform for animal hospitals. www.nvaonline.com
Quadriga Capital has acquired 2D Holding GmbH from Bain Capital and Odewald. No financial terms were disclosed. 2D is a Germany-based decorative paper printer whose brands include Suddekor and Dakor. www.quadriga-capital.de
KKR reportedly has dropped out of a bidding consortium for UK supermarket chain J Sainsbury, due to its simultaneous attempt to acquire UK pharmacy giant Alliance Boots. www.kkr.com