Alta Growth Capital, a provider of growth equity to middle-market companies in Mexico, has sealed a minority stake in marine oil distributor Bunker’s Group. Terms of the deal were not released. Bunker’s Group, formed in 1993, will use the cash infusion to increase its installed capacity.
2 min read · 10 May 2011
Investment firm Chicago Associates has recapitalized Genuine Scooters LLC and its parent company Scooter Works USA Inc. Terms of the deal were not disclosed. Chicago-based Genuine Scooters makes the Stella and Buddy brands of motor scooters. Investment banking firm Livingstone advised Genuine Scooters on the deal.
2 min read · 10 May 2011
Applied Merchant Systems West Coast Inc. has added $15 million in debt financing from Monroe Capital. The money will help Applied Merchant refinance existing debt, repurchase common stock, and provide working capital. Applied Merchant Systems, based in Oxnard, Calif., provides products and services to the electronic merchant transaction processing industry. Monroe Capital provides senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada.
2 min read · 10 May 2011
Private equity investors Goldman Sachs Capital Partners and Weston Presidio have invested an undisclosed amount in Apple American Group, an Applebee’s franchisee. Apple American’s management team also participated in the round, and retains a “significant ownership” in the company, according to a written release. Weston Precidio first invested in the company in 2005, and sold a portion of its stake to Goldman. Apple American is based in Independence, Ohio.
5 min read · 10 May 2011
Metadigm Services, a provider of field and data management services to electric, water and gas utilities, has acquired Power Engineering Associates, a Cleveland, Tenn.-based utility consulting firm. Terms of the deal were not released. Metadigm is backed by Atlanta-based middle-market private equity firm Navigation Capital Partners.
3 min read · 10 May 2011
Private equity firms Blackstone Group and Kohlberg Kravis Roberts & Co. are weighing up offers for France Telecom's stake in Mobistar, Reuters reported. The firms are studying France Telecom’s 52.9% stake. A potential buyout could value Mobistar at more than 3 million euros ($4.29 billion), Reuters reported.
1 min read · 10 May 2011
Buyout shop Apollo Global Management will acquire publicly traded CKx Inc., a company that owns the rights to the name, image and likeness of Elvis Presley; the "American Idol" television series; and other entertainment properties. The deal is valued at about $510 million. Apollo will pay CKx shareholder $5.50 per share, a 40% premium over the company’s average closing price over the past six months. Goldman Sachs is providing debt financing for the deal.
4 min read · 10 May 2011
Australia’s Redflex Holding lost a third of its market value Tuesday after rejecting a 303 million Australian dollar ($327 million) takeover bid by the Carlyle Group and investment bank Macquarie Group Ltd., Reuters reported. Private equity firm Carlyle and Macquarie last week raised their offer to A$2.75 from A$2.70 per share. Redflex manufactures and operates highway safety equipment such as digital speed and red-light cameras.
2 min read · 10 May 2011
Private equity firm TPG Capital is looking to hire a chairman for its Asian operations, Reuters reported, citing an article by Bloomberg. The firm seeks a Chinese speaker, and has already held discussions with several candidates, Reuters wrote.
1 min read · 10 May 2011
The Blackstone Group is in talks with British outsourcing group Serco to sell its stake in India’s Intelenet Global Services, Reuters reported, citing an article from the Financial Times. Blackstone currently owns 66% of Intelenet.
1 min read · 10 May 2011
