Private Equity
Onex Corp. plans to invest $675 million in JELD-WEN Holdings Inc., Reuters reported. It intends to pay $475 million to acquire a 39 percent stake in the Oregon-based door maker.Onex Corp. of Canada plans to invest $200 million through a convertible note that can be redeemed within 18 months.
2 min read · 05 May 2011
PineBridge Investments named both C. Kim Goodwin and Don M. Wilson III as non-executive members of its board, effective immediately. Goodwin most recently served as managing director and head of equities for Credit Suisse’s Asset Management Division. Wilson was chief risk officer of JP Morgan Chase & Co. from 2003 until his retirement in 2006. PineBridge is a New York-based multi-asset class investment manager.
3 min read · 05 May 2011
Monument Capital Partners along with partners John Campbell and Joe Mansfield, have completed the sale of Separators Inc. to a strategic buyer. Located in Indianapolis and founded in 1985, Separators, is an Indianapolis-based company that specializes in servicing and remanufacturing industrial centrifuge equipment. Monument Capital, Campbell and Mansfield acquired Separators in June 2005.
2 min read · 05 May 2011
Reuters reported Lion Capital LLP of London and Goode Partners LLC of New York signed an agreement to acquire have reached an agreement to buy brand AllSaints Spitalfields. Financial terms were not disclosed. AllSaints is a British fashion brand.
1 min read · 05 May 2011
KKR & Co. LP's economic net income for the first quarter rose 10 percent from a year earlier. The parent of private equity firm Kohlberg Kravis Roberts & Co.’s economic net income rose to $742.5 million from $674.8 million. KKR & Co. declared a quarterly distribution of 21 cents per common unit.
1 min read · 04 May 2011
First Reserve Corp. held the final close of its latest fund. First Reserve Energy Infrastructure Fund LP secured than $1.2 billion in capital commitments. The Greenwich, Conn.-based firm invests in energy and natural resource industries.
3 min read · 04 May 2011
The Seaport Group acquired a special situations and restructuring group that includes Eben Paul Perison. Perison has spent more than 20 years advising clients in restructurings, work-outs, reorganizations, financings, mergers & acquisitions and other deals. The acquisition expands Seaport Group's investment banking capabilities. New York-based Seaport Group is an independent investment banks focused on debt capital markets.
2 min read · 04 May 2011
Spansion Inc. (NYSE: CODE) agreed to acquire certain bankruptcy claims held by SL Capital Appreciation Fund LLC, Silver Lake Sumeru Fund LP and Silver Lake Credit Fund LP. The deal has a purchase price of $29 million and has been approved by the board of Spansion, which is a Sunnyvale, Calif.-based provider of Flash memory technology.
3 min read · 04 May 2011
Benecard Services Inc. hired a former Caremark official as president and chief executive officer of its prescription benefit facilitator, Benecard PBF. Drew Crawford is assuming the role at the administrator of prescription benefits and services to public and private plan sponsors. Crawford, 37 years old, was most recently a principal with Crawford-Ross, which is a health care private equity joint venture.
3 min read · 04 April 2011
Acadia Healthcare Co. acquired Youth & Family Centered Services Inc. Terms were not disclosed. Acadia is a portfolio company of Waud Capital Partners. Youth & Family, Austin, Texas, operates 13 behavioral healthcare facilities for youths and adolescents in eight states. The combined company will operate more than 1,700 patient beds and generate more than $260 million in annual revenue.
3 min read · 04 April 2011
