VCJ Staff

Avista Capital Partners has inked a definitive agreement to acquire the publisher of the Star Tribune newspaper in Minneapolis/St. Paul from The McClatchy Company (NYSE: MNI) for $530 million. The Star Tribune has a daily circulation of more than 360,000 and a Sunday circulation of about 600,000, making them the 14th largest daily paper and […]

Wynnchurch Capital Partners and Oak Hill Special Opportunities Fund have signed a definitive agreement to acquire Highway Technologies Group from United Rentals Inc. (NYSE: URI). The Wall Street Journal pegged the sale price at $85 million. Highway Technologies Group provides traffic safety services and equipment used in road repair and maintenance. The buyout firms expect […]

CPAC Inc. (NASD: CPAK), purveyor of everything from brooms and mops to imaging equipment, said it would be acquired by Buckingham Capital Partners II LP for $42.8 million. The New York private equity firm also plans to take on about $6.7 million in debt, giving the company an enterprise value of about $49.5 million. Founded […]

KSL Capital Partners reached the 19th hole on its acquisition of ClubCorp Inc., completing a buyout of the owner of resort and golf properties. The purchase price was $1.8 billion, according to Crain s Chicago Business. The nearly 50-year-old company, based in Dallas, owns or operates nearly 170 golf courses, country clubs, private business clubs, […]

U.K. buyout shop 3i Group PLC said today it has agreed to acquire Netherlands-based Dockwise Transport NV, transporter of heavy machinery for the marine oil-and-gas industry, in a deal valued at about $700 million, Dow Jones reports. Heerema Group, a Dutch oil-and-gas services company, and Wilhelm Wilhelmsen ASA, a Norwegian shipping company, are the sellers. […]

Hedge fund manager GSO Capital Partners is slated to close on a deal today to buy more than 240 Burger King restaurants from Burger King s second-largest franchisee, Heartland Food Corp., according to The Miami Herald. The sale price is $155 million. Heartland Food Corp., launched to buy troubled Burger Kings and get them back […]

Fortress Investment Group LLC and Holiday Retirement Corp. have agreed to acquire the North American operations and facilities of Holiday Retirement, which owns and manages retirement housing around the world. Citigroup Global markets Inc. and Goldman, Sachs & Co. have signed on to provide debt financing; they also are advising Fortress on the deal. The […]

OMERS Capital, a division of the Ontario Municipal Employees Retirement System, and Manulife Capital, the private equity division of insurance company Manulife, have teamed up to acquire CCNMatthews, a distributor of news releases in Canada and the United States, according to The Toronto Star. Financial terms of the all-cash deal were not disclosed. OMERS Capital […]

Texas Pacific Group, The Blackstone Group and Kohlberg Kravis Roberts & Co. are talking about teaming up to bid for a controlling stake in Hutchison Essar Ltd., the Indian mobile phone service unit of Hong Kong’s Hutchison Telecommunications International Ltd and the fourth largest player in the Indian market, according to The Sunday Times. Others […]

ADESA Inc. (NYSE: KAR), a provider of wholesale vehicle auctions and used vehicle dealer floor-plan financing, has agreed to be acquired for $3.7 billion (including $700 million in assumed debt). Buyers include Kelso & Co., GS Capital Partners, ValueAct Capital and Parthenon Capital. ADESA shareholders will receive $27.85 per share, or a 10% premium to […]