VCJ Staff
Building Materials Corporation of America has raised its offer for Dallas-based roofing and building products company ElkCorp (NYSE: ELK) from $40 per share to $42 per share. This is now the second time that BMCA has topped an offer from The Carlyle Group, which originally bid $38 per share and later upped it to $40.50 […]
KPS Capital Partners has acquired PaperPak Products Inc., a Greenville, N.C.-based manufacturer and distributor of adult incontinence products, from Attends Healthcare Investments Ltd. No financial terms were disclosed. www.kpsfund.com www.paperpak.com
Sun Capital Partners has acquired L. Powell Co., a Culver City, Calif.-based maker of home accent furniture. No financial terms were disclosed. www.suncappart.com
American Capital Strategies late last year completed a $41 million one-stop buyout of Pacific Handy Cutter Inc., a Costa Mesa, Calif.
The New York Times is unlikely to sell The Boston Globe, Times CEO Janet Robinson said in a speech yesterday to Boston-area businesspeople.
Tribune Co. received two bids at yesterday's deadline, but neither was from a private equity consortium. One is from Eli Broad and Ron Burkle, which essentially would act as a refinancing with Broad and Burkle becoming Tribune's largest shareholders in exchange for $500 million. The other comes from the Chandler family, which currently is Tribune's […]
Vornado Realty Trust has led a $52 per share buyout offer for Equity Office Properties Trust, with Starwood Capital and Walton Street Capital also participating. This tops an existing $48 per share bid from The Blackstone Group, and would raise the overall transaction value to $38 billion from $36 billion. Either way, it would be […]
Francisco Partners has offered to buy Australia-based enterprise asset management software provider Mincom Ltd. for Au$315 million. Current Mincom shareholders include Colonial First State and Caterpillar. www.mincom.com
ABN Amro Capital and Carlson Restaurants Worldwide have partnered to acquire 45 T.G.I. Friday's restaurants in the UK from Whitbread PLC. No financial terms were disclosed for the deal, which will result in ABN Amro holding a 60% stake and Carlson holding the remaining 40 percent. www.capital.abnamro.com
Enterprise PLC (LSE: ETR), a UK-based provider of maintenance and support services to utilities, reportedly has rejected a Gbp462 million buyout offer led by 3i Group. Discussions are said to be continuing. www.enterprise.plc.uk