VCJ Staff
TotalStone, a Millstone Township, N.J.-based warehouse distributor of Owens Corning Cultured Stone, has raised an undisclosed amount of private equity funding from Brookstone Partners. www.brookstonepartners.com
Golden Gate Capital has acquired Neways International, a Springville, Utah
Harrah's Entertainment's (NYSE: HET) board today is expected to examine the $15.5 billion buyout offer on the table from Texas Pacific Group and Apollo Management. www.harrahs.com
Broad Oak Energy Inc. of Dallas, Texas has received a private equity commitment of up to $150 million from Warburg Pincus, in order to pursue the acquisition, exploration and development of oil and gas leasehold interests in certain onshore regions of the United States. www.broadoakenergy.com
Archer Capital has agreed to buy listed Australian sporting goods retailer Rebel Sport for Au$4.60 per share. The deal values Rebel Sport at approximately Au$370 million. www.rebelsport.com.au
JCDecaux SA may soon enter the auction for rival Clear Channel Outdoor Holdings Inc., according to the Wall Street Journal. The paper says that the French company is discussing a joint bid with two undisclosed private equity firms. Two private equity consortiums already have formed to bid. The first includes Blackstone Group, KKR and Providence […]
Baring Asia Private Equity has acquired a 25% stake in AirTAC Automatic Industrial Co., a Chinese manufacturer and distributor of pneumatic components. No financial terms were disclosed. www.airtacworld.com
GP Investments has acquired a 14.4% stake in Brazilian shopping center developer Grupo Ecisa for approximately $45 million. In related news, a U.S.-based real estate private equity firm also will subscribe for an equal equity stake. www.gpinvestimentos.com
Amoun Pharmaceuticals of Egypt has been acquired for approximately $460 million by Citigroup Venture Capital, Capital International Private Equity Fund IV and Concord International, according to Reuters. The deal involves the 93% of the company's stock that is not publicly traded. The buyers are expected to make an offer for the 7% of remaining shares. […]
Macquarie Infrastructure Partners has agreed to acquire Halterm Ltd., operator of a shipping terminal at the Port of Halifax, Canada. The deal is valued at approximately Cnd$172.75 million. www.halterm.com