VCJ Staff
American Securities Capital Partners last week closed its acquisition of a majority stake in NEP Broadcasting LLC from Apax Partners and Spectrum Equity Investors. No financial terms were disclosed. NEP is a Pittsburgh-based provider of outsourced media services, and was acquired by Apax and Spectrum from Wachovia Capital Partners in 2004. www.nepinc.com
Countrywide PLC reportedly has received a
GE Energy Financial Services has paid $65 million to acquire a preferred equity interest in the Bobcat underground salt dome storage project in Louisiana from Haddington Energy Partners. GE will have a one-time option to convert its preferred interest to 50% common ownership within 90 days of the commencement of the project's commercial operations. RBS […]
Stirling Square Capital Partners and Diamond Castle Holdings have agreed to acquire Public Safety Equipment, an international provider of highway safety solutions, from Seton House Acquisition Ltd. (f.k.a. Britax Group). No financial terms were disclosed.
Sentinel Capital Partners has acquired Trussbilt LLC, a New Brighton, Minn.
LogicaCMG has sold its Telecom Products business for Gbp265 million in cash to a private equity consortium led by Atlantic Bridge Ventures. The business, to be renamed Acision, provides converged mobile messaging solutions for text and multimedia messaging for 300 network operators and service providers, who serve over 1 billion consumers worldwide. It generated Gbp254.7 […]
Hunt Special Situations Group has completed its acquisition of Castwell Products Inc. from Citation Corp. No financial terms were disclosed. Castwell is a Skokie, Ill.-based ductile and gray iron foundry, specializing in the production of precision castings encompassing a broad array of alloy and dimensional tolerances. www.huntssg.com
The Stephens Group has sponsored a partial recapitalization of Spitzer Industries Inc., a Houston, Texas
Compass Partners has acquired the bankrupt assets of USA Commercial Mortgage Co.'s (USACM) First Trust Deed Fund for $67 million. www.compass-partners.net
3i Group has made a new bid for UK utilities infrastructure maintenance company Enterprise PLC, after its initial 575 pence-per-share bid was rejected last month. The revised bid is 605 pence per share, which would value Enterprise at approximately Gbp486 million. Various press reports suggest that Enterprise's board already has accepted the increased offer. www.3i.com