Carlton Chairman, Howard L. Michaels has announced the closing of a 250 million euro ($321.3 million) recapitalization and discounted loan payoff at the Four Seasons Hotel in Milan, Italy. The Four Seasons Milan is comprised of 114 luxury rooms with 51 suites, two five-star restaurants, a high-end spa and a prime high-street retail store in the heart of the Montenapoleone district of Milan.
3 min read · 22 November 2012
Tredegar Corporation has sold its mitigation banking business, Falling Springs for approximately $16 million to Arc Ventures. MidSpan Partners acted as exclusive adviser to Tredegar in this transaction.
2 min read · 22 November 2012
Mold-Rite Plastics, a manufacturer of rigid plastic packaging products, has acquired Stull Technologies, a New Jersey-based manufacturer of dispensing closures, caps, lids, and packaging components. Mold-Rite Plastics is owned by private equity firm Irving Place Capital.
3 min read · 21 November 2012
TechPrecision Corporation, a manufacturer of metal components and in the alternative energy space has announced proposed changes to the company's board of directors. The revised slate will be voted upon by shareholders at the company's annual meeting, scheduled for December 5, 2012.
5 min read · 21 November 2012
Roamware, a mobile operator service solutions provider has acquired Unify Group Holdings. Roamware is headquartered in Cupertino, California with operations worldwide.
2 min read · 21 November 2012
Chemical giant BASF is to acquire Pronova BioPharma ASA, a researcher and devceloper of omega-3 fatty acids. BASF has reached an agreement with Pronova to make a recommended voluntary public takeover offer to Pronova's shareholders, and will offer to pay NOK 12.50 ($2.2) in cash for each Pronova share.
4 min read · 21 November 2012
Salus Capital Partners has provided a $10 million senior-secured working capital facility to Bluefly, an online retailer of designer brands. The financing will be used to provide working capital for general corporate purposes.
2 min read · 21 November 2012
This morning First Read celebrates buyout returns beating the equity benchmark; Amazon China's venture capital boost and unveils ten things to be thankful for this year in cleantech.
1 min read · 21 November 2012
London-based independent investment bank Torch Partners has expanded into the US market with the opening of its San Francisco office. The firm has hired Sanu Desai as managing director there.
3 min read · 20 November 2012
1-800 Radiator & A/C, an auto parts distribution franchise in North America, has acquired certain assets of Four Seasons Radiator, a Texas-based auto parts distribution company. Four Seasons Radiator generated over $9.5 million of revenue in 2011 and holds a key position in the Texas cooling auto parts market with eight locations throughout Texas.
1 min read · 20 November 2012
