Vision Capital is selling Terphane to publicly traded Tredegar Corp. for $188 million. Tredegar is a manufacturer of plastic films and aluminium extrusions. Terphane was the first investment from Vision Capital Partners VII L.P., the fund which closed in January 2009.
2 min read · 17 October 2011
Greenwich, Conn., based investment firm Littlejohn & Co. has acquired SunSource Holdings Inc., a fluid power and motion control technologies distributor. Littlejohn & Co. bought the company from a fund managed by CHS Capital LLC. Terms were not released.
2 min read · 17 October 2011
Blackstone Group said it will acquire New Zealand fast food chain Antares Restaurant Group, which operates 75 Burger King restaurants, Reuters reported. The firm is buying the stake from Australian private equity firm Anchorage Capital Partners. Terms were not disclosed, but Reuters reported that analysts have estimated the deal around NZ$150 million ($120 million).
1 min read · 17 October 2011
The Securities and Exchange Commission has formally asked public companies to disclose cyber attacks against them, Reuters reported Friday. Regulators issued guidelines Thursday about what information should be disclosed. Senator John Rockefeller had asked the SEC to issue guidelines amid concern that it was becoming hard for investors to assess security risks if companies failed to mention data breaches in their public filings, Reuters wrote.
2 min read · 14 October 2011
Social gaming company Zynga – the maker of Mafia Wars and FarmVille – will list its shares on the Nasdaq exchange under the symbol "ZNGA," Reuters reported Friday. The company on July 1 filed for an initial public offering of up to $1 billion, but Zynga declined on Thursday to comment further on the IPO.
2 min read · 14 October 2011
Microsoft has officially closed its acquisition of Internet communications company Skype. The $8.5 billion deal was led by investor group Silver Lake and the transaction was originally announced in May.
1 min read · 14 October 2011
Irish mushroom producer Monaghan Mushrooms and private equity investor Gimv have acquired Walkro International, a producer of mushroom substrate. Terms of the deal were not released. Walkro was formed in Belgium in 1991.
2 min read · 14 October 2011
Billionaire investor Carl Icahn has taken a 9.8% stake in truck and engine maker Navistar International Corp., Reuters wrote Friday. In a regulatory filing, Icahn said that he has held talks with Navistar's management to discuss its business and will seek to have additional conversations to discuss strategies, Reuters wrote.
2 min read · 14 October 2011
Swedish private equity firm EQT has raised 4.75 billion euros ($6.5 billion) for its sixth fund, Reuters reported Friday. EQT is backed by Sweden's billionaire Wallenberg family, and the family fund Investor AB is the firm’s biggest investor, with a maximum commitment of up to 450 million euros, Reuters wrote
1 min read · 14 October 2011
Apax is teaming up with Santander, the euro zone's largest lender, to buy KBC's controlling stake in Poland's Kredyt Bank, Reuters reported Thursday. The stake is worth roughly $1 billion.
1 min read · 13 October 2011
