I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Dell Inc's special committee asked Carl Icahn for details on his plan to make the computer maker pay dividends and issue shares rather than sell itself to its founder, as the activist investor unveiled candidates for a new board, Reuters is reporting.
4 min read · 14 May 2013
Medical device maker Theragenics Corp said it had received a takeover offer of $69.9 million to $71.4 million from Juniper Investment Co, representing a premium of 51-54 percent to its closing stock price on Friday.
1 min read · 13 May 2013
Emerald Oil also announced it would sell 10 million shares of common stock in a secondary offering. Emerald Oil has agreed to issue and sell 19.9% of common stock, including warrants held by White Deer, to the energy private equity firm. The closing of the White Deer private placement is scheduled occur within 10 days of the public offering. Denver-based Emerald Oil is an independent exploration and production operator.
2 min read · 13 May 2013
The Carlyle Group has acquired a minority stake in Al-Nabil Food Industries Co. Ltd. The founding Rassam family will continue to hold a majority stake. Financial terms of the deal, which closed May 13, were not announced. Nabil produces more than 200 frozen and chilled food products including beef and chicken burgers.
4 min read · 13 May 2013
Renée Beaumont is joining Providence Equity Partners as an MD and Global Head of Business Development effective May 15. Beaumont joins Providence from Goldman, Sachs & Co. where she was most recently as an MD in the firm’s Merchant Banking Division.
3 min read · 13 May 2013
Private equity firm CVC Capital Partners has been given an extra 24 hours to commit to a firm bid for online gambling company Betfair, in what would be the biggest deal taking a British listed company private in more than a year, Reuters is reporting.
3 min read · 13 May 2013
Brentwood Associates said Monday it has completed a dividend recap of two of its portfolio companies: K-Mac Holdings and Paper Source. The K-Mac dividend was financed through excess capacity under the company’s existing $252 million credit facility, Brentwood said. Paper Source, meanwhile, took out a new $50 million loan to finance its dividend, Brentwood said. Brentwood's stake in both companies remains unchanged. Golub Capital provided financing for the Paper Source recap. Bank of America Merrill Lynch, Wells Fargo Bank, and SunTrust Robinson Humphrey were joint lead arrangers on the senior debt financing for K-Mac.
3 min read · 13 May 2013
ATK will buy Caliber Company, a portfolio company of Norwest Equity Partners, for $315 million cash. Caliber is the parent of Savage Sports Corp., which makes hunting rifles and shotguns.
4 min read · 13 May 2013
Golub Capital said Monday that it provided a $75 million second lien term loan and $4 million in co-investment equity to support Frazier Healthcare's buy of AndersonBrecon. AndersonBrecon, which has facilities in Rockford, Ill. and the U.K., provides packaging services.
2 min read · 13 May 2013
Ubitus said Monday it had raised more than $15 million cash from multiple leading investors including Samsung Venture Investment Corp. Ubitus, of Taipei, Taiwan, provides cloud gaming solutions.
2 min read · 13 May 2013
