VCJ Staff
Wafra Partners of New York has acquired Century Fire Protection from Brighton Partners for an undisclosed amount. Century Fire is an Atlanta-based maker and installer of fire protection products like sprinklers. CapitalSource Finance provided leverage. www.wafrapartners.com
Goldman Sachs and Morgan Stanley are part of a consortium that may bid $15 billion for the oil and gas assets of utility Dominion Resources Inc. (NYSE: D), according to The Wall Street Journal. The group also includes Carlyle/Riverstone, First Reserve, Madison Dearborn Partners and Warburg Pincus. A competing consortium includes Blackstone Group, KKR and […]
Sun Microsystems Inc. (Nasdaq: SUNW) has received a $700 million PIPE infusion from KKR Private Equity Investors, the Amsterdam-listed fund of Kohlberg, Kravis Roberts & Co. The deal includes $350 million of convertible senior notes due in 2012 and $350 million of convertible senior notes due in 2014. KKR also will receive a seat on […]
Cornell Corrections Inc. (NYSE: CRN) shareholders have rejected an $18.25 per share buyout offer from Veritas Capital, which would have valued the Houston, Texas-based prison operator at around $518.6 million (including $273.6 million of assumed debt).
The Yankee Candle Company Inc. (NYSE: YCC) shareholders have approved a $34.75 per share buyout offer from Madison Dearborn Partners. The total deal is valued at around $1.7 billion, including $300 million in assumed debt. It is expected to close next month. www.yankeecandle.com
H.I.G. Capital has completed its acquisition of PetroCom LLC, a New Orleans-based cellular carrier in the Gulf of Mexico and a full-service telecom solutions provider for the offshore industry. No financial terms were disclosed. H.I.G. has subsequently merged PetroCom with Sola Communications, which it acquired last year. www.higcapital.com www.petrocom.com
Goldman Sachs reportedly is selling its control stake in Japanese lender Sanyo Electric Credit Co. for approximately $350 million. Bidders include GE Capital and Shinsei Bank
American Capital Strategies has completed a $411 million one-stop-buyout of WIS International, a San Diego
The Carlyle Group and Providence Equity Partners have completed their $38 per share acquisition of Open Solutions Inc. (Nasdaq: OPEN), a Glastonbury, Conn.
The Carlyle Group has once been topped in its efforts to acquire Dallas-based roofing and building products company ElkCorp (NYSE: ELK). Building Materials Corp. of America has raised its bid from $42 to $43.50 per share, and said that JPMorgan has been added to a financing consortium that already included Deutsche Bank and Bear Stearns. […]