VCJ Staff
Steve & Barry's University Sportswear, a Port Washington, N.Y.-based casual apparel retailer, has received a minority investment from TA Associates. www.steveandbarrys.com www.ta.com
KRG Capital Partners has recapitalized portfolio company Varel International, a Carrollton, Texas-based supplier of drill bits for the oil, gas and mining industries. Apollo Investment Corp. led the recap's $115 million in senior unirate loan and junior subordinated notes, with American Capital Strategies also participating. Varel also structured a $10 million asset-based revolver with Fifth […]
Monomoy Capital Partners has agreed to acquire and recapitalize Western Recreational Vehicles Inc., a Yakima, Wash.-based manufacturer of high-end recreation vehicles. No financial terms were disclosed for the deal, which is expected to close in in the second week of December. www.mcpfunds.com
EMI Group PLC, a UK-based record company, said today that it has received a buyout offer. No additional details were disclosed, but came after a Financial Times report that KKR and Goldman Sachs Capital Partners were considering a bid. Dow Jones has since reported that KKR is not involved, but that Permira may have been […]
Nautic Partners has sponsored a management buyout of Precision Engineered Products Inc. from The Jordan Co. PEP is an Attleboro, Mass.-based maker of fabricated parts, technical surface finishes, specialty and clad metals and micron tolerance-molded plastic components. No financial terms were disclosed for the deal, which included senior leverage arranged by GE Antares Capital. www.nautic.com […]
AIG Highstar Capital has acquired Interstate Waste Services Inc., a Sloatsburg, N.Y.-based municipal solid waste company, from backers like Summer Street Capital and Ironwood Capital. No financial terms were disclosed. Goldsmith Agio Helms advised IWS on the deal. www.aig.com
Raytheon Co. (NYSE: RTN) is in advanced talks to sell its Raytheon Aircraft Co. unit to a private equity firm, according to The Boston Globe. The company had retained Credit Suisse in July to explore “strategic alternatives” for the unit, and reportedly has received bids from The Carlyle Group, Cerberus Capital Management and Onex Partners. […]
Apax Partners and Candover are considering bids for all or part of UK newspaper group Trinity Mirror PLC, according to The Guardian.
Newbridge Capital is in talks to acquire Sigma Electric Manufacturing Corp. for around $150 million, according to The Economic Times. Sigma is a Raleigh, N.C.-based maker of products like cable connectors and transformer connectors, with manufacturing plants in Pune and Jaipur, India.
Nilgiris Dairy Farm, a branded food company in Southern India, has raised $65 million in private equity funding from Actis. Various news reports put the company valuation at around $100 million.