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Shares of Children's Place Retail Stores Inc. surged in premarket trading Thursday after the company said it was approached regarding a potential buyout of the company. The Secaucus, N.J. children's apparel retailer said in a filing with the U.S. Securities and Exchange Commission that it received on Feb. 6 a letter in which Ezra Dabah […]
Argonne Capital has acquired Stevi B's Pizza, a 28-unit pizza franchise chain, from company founders Robert Stoll and Richard Stoll. No financial terms were disclosed. Capital Growth Advisors advised the sellers. PRESS RELEASE Capital Growth Advisors, LLC (“CapGrow”) has announced the completion of the sale of Stevi B's Pizza, a 28- unit franchise chain, […]
Parthenon Capital has sponsored a recapitalization of Bryant & Stratton College Inc., a Buffalo, N.Y.-based provider of post-secondary career education. No financial terms were disclosed. McColl Partners advised Bryant & Stratton on the deal. PRESS RELEASE Parthenon Capital, a private equity firm with offices in Boston and San Francisco, announced today that it completed […]
New Stream Capital has acquired the assets of International Wholesale Tile, a Palm City, Fla.-based provider of porcelain, ceramic and natural stone tile products. No financial terms were disclosed. PRESS RELEASE New Stream Capital announced today that it has acquired the assets of International Wholesale Tile (IWT), a supplier of premium quality porcelain, […]
LAS VEGAS (AP)
Parthenon Capital and Century Capital have formed Ascension Insurance Inc., an acquisition platform focused on the middle-market insurance industry. The company is led by Len Kline, who previously was CEO of Compass Insurance Inc., the insurance brokerage unit of Compass Bank. No financial terms of the commitment have been disclosed. In related news, Ascension has […]
Biffa PLC said Montagu Private Equity continues to be interested in pursuing a cash offer for the company and has agreed to work with Global Infrastructure Partners (GIP) towards making an offer for its entire issued share capital at 350 pence a share. The waste management company said it has received notification that Hg Pooled […]
NEW YORK (AP) – The $17.1 billion acquisition of Harrah's Entertainment Inc. by private equity buyers is set to close Jan. 28, the casino operator said Monday. Upon completion, Harrah's going-private transaction with affiliates of Texas Pacific Group and Apollo Global Management LP will be the world's largest casino buyout. Harrah's recently extended Chairman, President […]
Standard & Poor's Ratings Services said it lowered its ratings, including the corporate credit rating, on Buffets Holdings Inc and its subsidiary Buffets Inc to 'D' from 'CCC' after the company failed to pay interest on 12.5 pct senior notes due in 2014. Buffets is owned by Caxton-Iseman Capital.S&P said it does not expect it […]
General Electric Co. (NYSE: GE) has reached an agreement to buy one of its main competitors in the market to finance mid-sized leveraged buyouts. A formal announcement of GE's acquisition of the mid-market lending division of Merrill Lynch & Co. (NYSE: MER) is expected later this week, Buyouts is reporting. www.buyoutsnews.com