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NEW YORK (AP) – Sears Holdings Corp. is considering a tender offer to buy Restoration Hardware Inc. for $6.75 per share but said it is prohibited by the company's refusal to provide confidential information, according to a regulatory filing Monday. Sears' offer for the company would compete with Restoration Hardware's previous agreement to be […]
Kinderhook Industries LLC has acquired Extang Corp. of Ann Arbor, Mich. And TruXedo of Yankton, S.D.
NEW YORK (AP) – Standard & Poor's Ratings Services said Thursday it lowered its ratings on wireless carrier Alltel Corp. to reflect an expected increase in the wireless carrier's leverage following its private equity buyout. Alltel's non-investment grade corporate credit rating was lowered to “B+” from “BB.” The Little Rock, Ark.-based company is being bought […]
BB&T Capital Partners has sponsored a recapitalization of Unishippers Global Logistics, a Salt Lake City-based reseller of shipping services. No financial terms were disclosed. BB&T led the equity tranche, which also included participation from Roynat Capital and company management. Zions First National Bank and Roynat provided the debt financing. PRESS RELEASE Unishippers Global Logistics, […]
Brentwood Associates has made a “significant investment” in Zoe's Kitchen USA LLC, a Birmingham, Ala.-based fast casual restaurant chain serving Mediterranean cuisine. No financial terms were disclosed for the deal, which will result in the founding Cassimus family retaining substantial ownership. John Cassimus remaining as president and CEO. Fast-casual industry veteran Greg Dollarhyde will invest […]
ReichmannHauer Capital Partners has acquired Canadian photo shop operator Black's Photo Corp. from FujiFilm Canada Inc. No financial terms were disclosed. Black's has a network of 116 stores. PRESS RELEASERHCP acquires Black's Photography (www.blackphoto.com) Plan to reinvigorate and grow one of Canada's best known retail brands. RHCP Fund I LP and RHCP Fund I International […]
Bain Capital has completed its acquisition of the Bath and Kitchens products business of American Standard Companies Inc. (NYSE: ASD). The total deal was valued at just under $1.76 billion, with Bank of America and Credit Suisse providing leveraged financing. Lazard advised ASD on the sale, while Bain was being advised by Lehman Brothers. PRESS […]
Hermes Private Equity has acquired Beck & Pollitzer for Gbp55 million from Bank of Scotland Integrated Finance. Beck & Pollitzer is a UK-based engineering services company that specializes in the installation and relocation of industrial plant and machinery and associated services. PRESS RELEASE Hermes Private Equity has acquired Beck & Pollitzer, the leading European […]
Warburg Pincus has completed its $65 per share buyout of Bausch & Lomb, which has de-listed from the NYSE. The total deal was valued at around $4.5 billion, including $830 million in assumed debt. PRESS RELEASEBausch & Lomb (NYSE: BOL) and Warburg Pincus, the global private equity firm, announced today that affiliates of Warburg Pincus […]
Phoenix Equity Partners, a London-based mid-market private equity firm, has acquired a stake in Abel & Cole, an organic fruit and vegetable delivery company. No deal terms were disclosed but UK daily The Telegraph said that the deal values Abel & Cole at between