VCJ Staff
Butler Capital Partners has agreed to acquire the European industrial fibers business of Rhodia SA for an undisclosed amount. www.rhodia.com
Dubai International Capital reportedly is in talks with Liverpool Football Club and Athletic Grounds PLC about a potential investment. The British football club is estimated to be worth around Gbp450 million.
Fremont Partners and Texas Pacific Group have agreed to acquire Nashville, Tenn.-based insurance company Direct General Corp. (NasdaqGS: DRCT). The total transaction price is $628.2 million (including leverage), with Direct General shareholders to receive $21.25 per outstanding share (28.71% premium to yesterday's closing price). SunTrust Robinson Humphrey served as financial advisor to the special committee […]
Linsalata Capital Partners has recapitalized Wellborn Forest Products Inc., an Alexander City, Ala.-based maker of semi-custom hardwood cabinets for the residential market throughout the eastern United States. No financial terms were disclosed for the deal, which was done in partnership with Wellborn president and CEO Tim Wellborn. www.wellbornforest.com
The Riverside Company has acquired Medic First Aid International Inc., a Eugene, Ore.-based provider of CPR and first-aid emergency care training programs. No financial terms were disclosed. www.riversidecompany.com www.medicfirstaid.com
Station Casinos Inc. (NYSE: STN) has received an $82 per share buyout offer led by Colony Capital and company management. The total deal would be valued at approximately $4.7 billion. www.stationcasinos.com
Freescale Semiconductor Inc. has completed its $17.6 billion public-to-private acquisition by The Blackstone Group, The Carlyle Group, Permira and Texas Pacific Group. www.freescale.com
PAI Partners has agreed to buy the Roofing unit of Lafarge SA (NYSE: LR) for Euro 1.96 billion in cash and Euro 420 million in assumed debt and pension liabilities. www.lafarge.com
Cerberus Capital Management is in talks to acquire 12 U.S. plants of bankrupt auto-parts maker Delphi Corp., according to Bloomberg.
EMI Group PLC (PSE: EMI) is expected to reject a Gbp 2.5 billion buyout offer from Permira, according to The Times of London. The music publisher apparently believes the 310 pence per share offer is too low, and will told out for at least 350 pence per share. www.emi.com www.permira.com