Private Equity
A Kelso & Co. affiliate agreed to acquire Logan’s Roadhouse Inc. from Bruckmann Rosser Sherrill & Co. Inc., Black Canyon Capital, Canyon Capital Advisors LLC and members of Logan’s management. Financial terms were not disclosed. Logan’s Roadhouse is a Lexington, Ky.-based restaurant chain with locations in 23 states.
3 min read · 30 August 2010
KeyBanc Capital Markets Inc. named Brad T. Swanson as managing director in its consumer and retail group. KeyCorp’s investment banking arm also hired Scott Green as an associate. Both will be based in Atlanta. Swanson will lead investment banking efforts in the restaurants and food service/distribution space. Swanson previously worked at RBC Capital Markets.
3 min read · 30 August 2010
1 min read · 30 August 2010
AECOM Technology Corp. completed its acquisition of McNeil Technologies Inc., a Springfield, Va.-based government national security and intelligence services firm, from Veritas Capital and certain management shareholders. McNeil Technologies shareholders received $355 million. AECOM expects the deal will be neutral to earnings per share, but will add to cash earnings per share in fiscal 2011.
2 min read · 30 August 2010
Brookfield Asset Management Inc. named Chris Harris client relations manager for the private funds group. He will assume responsibility for Toronto, Ontario-based company’s relationships with investors in the western U.S. Harris will be based in San Francisco. He previously served as director of Macquarie Capital’s private placement team.
2 min read · 30 August 2010
Everstone Capital Management may raise up to $350 million, Bloomberg said on Monday. The fund will make investments in warehouses in India. The shop was co-founded by Atul Kapur and Sameer Sain, who both previously worked for Goldman Sachs.
1 min read · 30 August 2010
New Mountain Capital LLC bought Mallinckrodt Baker Inc. from Covidien for about $280 million through an affiliate. Raj Gupta will serve as chairman of Mallinckrodt Baker, a New Jersey-based chemicals maker and marketer that generated sales of $414 million for fiscal 2009. Gupta, a senior advisor at New Mountain, was chairman and CEO of Rohm and Haas.
3 min read · 30 August 2010
Darby Overseas Investments Ltd., which is Franklin Templeton Investments’ private equity arm, purchased a substantial minority stake in Controladora Vertice, S.A. de C.V. The investment increases Controladora Vertice's capital base by about 50 percent. The deal was completed by Darby-ProBanco Fund II LP.
3 min read · 30 August 2010
PharmaNet Development Group Inc. named Anthony Maida vice president of clinical research. Maida will lead the oncology team at the provider of drug development services to the pharmaceutical, biotechnology, generic drug and medical device industries. He previously had his own consulting firm. JLL Partners added the Princeton, N.J.-based company to its portfolio in March 2009.
2 min read · 30 August 2010
1 min read · 30 August 2010
