Private Equity
Fonterra Co-operative Group agreed to sell its Brownes dairy business to DairyWest, which is owned by Australian private equity shop Archer Capital. Brownes’ business (which re based in Western Austalia) makes and sells milk, yogurt and other dairy products.
2 min read · 21 October 2010
1 min read · 21 October 2010
2 min read · 21 October 2010
The Private Equity Growth Capital Council’s Private Equity Index indicated levels in the latest third quarter rebounded from the recession of 2008 to 2009. However, global private equity activity gas not returned to pre-recession levels. The Index stood at 104.33 for the latest third quarter, which showed a sequential increase from 100.76 in the second quarter and 86.41 in the first quarter of 2010. The Index is calculated using data provided by Thomson Reuters, Pitchbook, Preqin and the Council. Thomson Reuters is the publisher of PEHub.
4 min read · 21 October 2010
Warburg Pincus agreed to invest up to $8 million to support in eCert Inc. eCert is a San Francisco, Calif.-based company that offers protection against e-mail fraud.
3 min read · 20 October 2010
2 min read · 13 October 2010
Bain Capital Partners LLC of Boston signed a definitive agreement for affiliates to acquire Gymboree Corp.’s outstanding stock for $65.40 per share, or $1.8 billion. The deal has the unanimous approval of Gymboree’s board of directors. The offer represents a 57.4 percent premium to the Gymboree’s share price on Sept. 30, before market rumors of deal and a 23.5 percent compared to Gymboree’s closing stock price on Oct. 8.
8 min read · 11 October 2010
2 min read · 11 October 2010
John Maneely Co. completed a restructuring that it expects will position the maker of welded steel pipes to grow through acquisition and to hire more workers. The Beachwood, Ohio-based company, which is a portfolio company of the Carlyle Group, plans to change its corporate name to JMC Steel Group to reflect its core steel pipe and tubular products business.
5 min read · 08 October 2010
3 min read · 07 October 2010
