Private Equity
3 min read · 20 September 2010
1 min read · 20 September 2010
An investor group led by Gores Group LLC of Los Angeles acquired the Cosmopolis high purity cellulose mill from Weyerhaeuser Co. Financial terms of the transaction were not disclosed. The group includes Dermot Smurfit, a paper and packaging industry veteran.
3 min read · 17 September 2010
Catterton Partners sold a controlling stake in its portfolio company Heartland Recreational Vehicles LLC to Thor Industries Inc. for more than $200 million in cash and stock. Heartland will continue to operate under the same name and will maintain its current brand portfolio.
3 min read · 17 September 2010
K-Sea Transportation Partners LP completed its agreement with KA First Reserve LLC. K-Sea Transportation sold 2.8 million more convertible preferred units for $15 million. The transactions raised $100 million in exchange for a total of 18.4 million convertible preferred units. KA First Reserve is a partnership between First Reserve and Kayne Anderson Capital Advisors that previously agreed to invest $100 million in K-Sea Transportation Partners L.P. in exchange for the 18.4 million units.
1 min read · 17 September 2010
Standard & Poor's assigned its 'A' senior unsecured debt rating to Blackstone Holdings Finance Co. LLC's senior unsecured debt due March 15, 2021. The notes are fully and unconditionally guaranteed by Blackstone Group L.P. and Blackstone Partnerships. S&P said the rating is based on the pure asset-manager business model, stable recurring revenue streams, diverse businesses, a strong balance sheet, and a high level of transparency in the guarantor partnerships.
3 min read · 17 September 2010
1 min read · 17 September 2010
1 min read · 17 September 2010
1 min read · 17 September 2010
Navigation Capital Partners of Atlanta’s James Brown Contracting Inc. acquired Schrader Trucking Co. Inc., a Jefferson City, Tenn.-based dry van truckload carrier. Schrader has 95 trucks and 201 trailers. It operates in the Southeast as well as in the Midwest, Mid-Atlantic, Texas and Canada.
3 min read · 16 September 2010