ThyssenKrupp is close to signing a deal with UK-based buyout shop Star Capital to sell the civilian shipbuilding businesses of its Blohm + Voss unit, Reuters reported Monday. Hamburg-based Blohm + Voss makes yachts for the rich as well as submarines and frigates.
1 min read · 05 December 2011
The former management team of HSBC Capital has spun off to form the new firm, Graycliff Partners. Graycliff Partners will continue to manage and invest over $1 billion in commitments from existing funds, and will also continue its focus on private equity, mezzanine and real estate investments in the middle market of the United States and in Latin America, the firm said Monday.
2 min read · 05 December 2011
Lux Capital has promoted three, naming Adam Kalish general partner; Shahin Farshchi principal; and Zack Schildhorn vice president and director of operations. Kalish joined the firm in 2005, and worked previously as a director at Everest Capital. Farshchi has worked with Lux Capital since 2006, focusing on investments in energy and technology. Schildhorn has worked with Lux since 2006, focusing on operations and investments within energy, novel materials and technologies at the intersection of the digital and physical worlds.
4 min read · 05 December 2011
Spain’s Renovalia Energy and private equity firm First Reserve are partnering on a venture to invest in wind farm projects across Europe and North America, Reuters reported Monday. First Reserve is putting $150 million of equity into the project. When leveraged, the venture could have roughly $1 billion for investments in renewable energy, Reuters wrote.
2 min read · 05 December 2011
Tasti D-Lite, the private equity-owned, low-calorie soft serve dessert chain, has acquired Planet Smoothie. Terms of the deal were not released. Planet Smoothie sells smoothies and natural snacks. Tasti D-Lite is majority-owned by Snow Phipps Group, a New York-based private equity firm.
3 min read · 02 December 2011
Palo Alto, Calif.-based online advertising company Criteo has bolstered its advisory board, adding Jeff Epstein, former CFO of Oracle and current Bessemer Venture Partners EIR; Eric Hippeau, a partner at Lerer Ventures and the former Huffington Post CEO; and Chegg.com chief Dan Rosensweig.
3 min read · 02 December 2011
New York-based buyout shop Harvest Partners has recapped of Document Technologies, providing a “successful liquidity event” for Quad-C Partners VII, L.P., the firm announced Friday. No terms of the deal were disclosed. Atlanta-based Doument Technologies is a provider of outsourced litigation support services, including facilities management services and electronic and paper discovery.
3 min read · 02 December 2011
Brynwood Partners’ wholly-owned subsidiary Golden Sun Holdings has acquired Newhall Laboratories, a maker of personal care brands including la bella, Monkey Brains and GroWorks. Terms of the deal were not released. The deal is the third personal care acquisition from Brynwood Partners VI L.P. Newhall is based in Santa Clarita, Calif.
2 min read · 02 December 2011
Douglas Dynamics Inc. has priced its secondary offering of 1,996,479 shares of common stock at $14.75 per share. Aurora Capital Group is among the selling stockholders. Robert W. Baird & Co. is acting as the sole book-running manager for the offering. Milwaukee-based Douglas Dynamics designs, manufactures and sells snow and ice control equipment for light trucks.
2 min read · 02 December 2011
A Delaware judge has approved an $89.4 million settlement for shareholders of Del Monte, who sued claiming they were slighted in the company’s sale to buyout shop Kohlberg Kravis Roberts & Co., Reuters reported Friday. Del Monte’s advisor, Barclays, and Del Monte will contribute to the settlement.
2 min read · 02 December 2011
