Nautic Partners, the former Fleet Bank private equity arm, has sold restaurant chain Skyline Chili to Prudential Capital Partners, in a deal that locked in an IRR of 25 percent for the investment.
2 min read · 30 December 2012
Black Diamond has unloaded baggage-cart rental outfit Smarte Carte, selling the company to Macquarie Bank in a deal yielding an almost 6x return multiple.
2 min read · 30 December 2012
Tailwind Capital has completed its spinout from investment bank Thomas Weisel, and with the split has brought on board Soros veteran Frank Sica.
2 min read · 30 December 2012
Wynnchurch Capital’s latest fund was roughly $250 million oversubscribed, holding its final close $50 million over its stated target.
2 min read · 30 December 2012
David Coulter, the former vice chairman and head of investment banking at JP Morgan, has made the move into private equity, having signed on with Warburg Pincus.
2 min read · 30 December 2012
Menlo Park tech-buyout firm Garnett & Helfrich made its first move into the open-source space with the acquisition of Ingres Corp., the open-source unit of Computer Associates
2 min read · 30 December 2012
Two brothers of ousted Seibu chairman, Yoshiaki Tsutsumi, have reportedly launched a counter bid to the ¥160 billion offer Cerberus Capital Management and Nikko Principal Investments made for a significant stake in Japanese real estate and rail giant Seibu.
2 min read · 30 December 2012
Clayton Dubilier & Rice, The Carlyle Group and Merrill Lynch have completed their buyout of rental car giant Hertz.
2 min read · 30 December 2012
Tech specialist Golden Gate Capital has agreed to take Geac Computer Corp. private in a $1 billion deal. The San Francisco-based firm intends to split the company up once the deal closes.
2 min read · 30 December 2012
French businessman Gerard Sillam has named Thomas H. Lee Partners and the underwriters of Refco’s IPO in a recent lawsuit.
2 min read · 30 December 2012
