VCJ Staff
WCI Communities Inc. (NYSE: WSI) has retained Goldman Sachs to explore strategic and financial alternatives that could include a sale of the company. The luxury condominium builder has a market cap of around $920 million. www.wcicommunities.com
Industrial Opportunity Partners of Chicago has acquired the assets of the Shelby, N.C.-based operating facility of Honeywell (NYSE: HON). IOP has renamed the business FAS Controls Inc., and says that it is a manufacturer of pressure switches, valves, circuit breakers, mechanical switches, coils and solenoids. No financial terms were disclosed for the deal, except that […]
Sun Capital Partners has acquired Scott Brass Inc., a Cranston, R.I.-based miller of brass and copper stripping. No financial terms were disclosed. www.suncappart.com www.scottbrass.com
Eateries Inc., an Oklahoma-based casual dining restaurant company, has been acquired by Cordova, Smart & Williams, Waterview Capital and company management. No financial terms were disclosed, except that Praesidian Capital provided around $6.5 million in subordinated notes and redeemable preferred equity. www.eats-inc.com
Imperial Capital has acquired substantially all the assets of Kenra LLC, an Indianapolis-based hair care manufacturer and marketer. No financial terms were disclosed. www.imperialcap.com
The Blackstone Group has agreed to acquire Cherry Hill, N.J.-based frozen foods maker Pinnacle Foods Group Inc. from JPMorgan Partners, J.W. Childs Associates, CDM Group and former bondholders of Aurora Foods Inc. The total transaction is valued at approximately $2.16 billion, including around $900 million of assumed debt. www.blackstone.com www.pinnaclefoodscorp.com
Four Seasons Hotels Inc. (NYSE: FS) said that its board has approved an $82 per share buyout offer from Cascade Investment (backed by Bill Gates), Kingdom Hotels International (backed by Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud) and Four Seasons chairman and CEO Isadore Sharp. The total deal would values the company at approximately […]
Star Capital Partners has made two purchases in the flight simulator space: A majority stake of General Electric Commercial Aviation Training (GECAT) from General Electric's Commercial Aviation Services business (GECAS) and SAS Flight Academy from SAS AB. The deals value the combined businesses at more than $275 million, and are expected to close within the […]
Timberland Co. (NYSE: TBL) has called off its auction, according to The Deal. The Stratham, N.H.-based boot and clothing company had hired Goldman Sachs last year to run the process, and had received interest from both strategic and private equity suitors. No word on why the company has opted to remain independent and public. www.timberland.com
Soros Private Equity Partners is among several private equity firms circling fashion designer Nanette Lepore, according to the NY Post. The company had 2006 sales of approximately $85 million.