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CBRL Group Inc. (Nasdaq: CBRL) has agreed to sell the Logan's Roadhouse Inc. restaurant chain to Bruckmann, Rosser, Sherrill & Co. and Canyon Capital Advisors for $486 million. Wachovia advised CBRL on the deal. Logan's Roadhouse had been in registration for a $350 million IPO. www.logansroadhouse.com
Doughty Hanson has agreed to invest around
Kimberly Clark de Mexico, a unit of Kimberly Clark (NYSE: KMB), has sold a 60% interest in its industrial products division (PIMSA) to Eton Park Capital Management and Impulso de Desarollos Estrategicos SA. The deal is valued at $434 million, with KCM retaining a 40% equity interest. European Capital has acquired Whitworths Ltd., a UK-based […]
The Carlyle Group and Unison Capital Group (Japan) are co-sponsoring a management buyout of Toshiba Ceramics from Toshiba Corp. Toshiba Ceramics makes silicon wafers and other materials for microchips. Toshiba Corp. will sell its 40.4% stake, with the deal valuing Toshiba Ceramics at approximately $775 million. www.carlyle.com www.toshiba.com
Excel Staffing Services, a Scottsdale, Ariz.-based provider of payroll and staffing solutions, has completed a $7 million recapitalization sponsored by Windstone Capital Partners. The deal included both a commercial credit line and mezzanine capital. www.excelstaffing.org
Brockway Moran & Partners has acquired MW Industries Inc., a Logansport, Ind.-based manufacturer and catalog marketer of custom engineered mechanical components. CITIC Capital Partners and company management also participated. www.mw-ind.com
Providence Equity Partners and TA Associates have acquired minority stakes in Idea Cellular Ltd., a provider of wireless communications services in India. Each deal was transacted separately. No financial terms were disclosed, but a source close to Providence says that it paid $400 million for a 15% position. TA would not disclose specific numbers, except […]
HCA shareholders will still be allowed to vote on a proposed $21 billion buyout on Nov. 16, after a Tennessee judge rules against six shareholder groups that had been seeking a delay. The groups had alleged that the offer is unfairly low, but the judge ruled that they had failed to prove their case. One […]
Texas Pacific Group has dropped out of the bidding for H-3C, according to Dow Jones. That leaves Silver Lake Partners and Bain Capital as the remaining suitors for H-3C, which is a China-based joint venture between 3Com and Huawei Technologies Co. The deal is expected to be worth between $1.5 billion and $2 billion, with the […]
The Riverside Company has acquired Agens Holding BV, a Dutch provider of unemployment-to-work services. No financial terms were disclosed. www.riversidecompany.com www.agens.nl
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