Private Equity
Alterra Capital Holdings, which is backed by Stone Point Capital, said it has increased the total capital committed to New Point V to $247 million. Previously, Alterra had commited $210 million to the sidecar. New Point V also has funding from Stone Point, the manager of Trident Funds.
2 min read · 17 December 2012
Palladium Equity Partners said Monday it has agreed to sell Wise Foods to Arca Continental. Financial terms were not announced. Berwick, Pa.-based Wise Foods is known for its salty snacks like Cheez Doodles, Wavy Potato Chips, Ridgies, Dipsy Doodles, as well as tortilla chips and pretzels. Palladium previously tried to sell Wise in 2010.
4 min read · 17 December 2012
Eliot Spitzer, the former New York Governor, wants pension funds to exit their investment in Cerberus Capital Management, because of the firm's connection to gun manufacturer Bushmaster. New York-based Cerberus, which has more than $20 billion in assets, owns the Freedom Group.
2 min read · 17 December 2012
Today's news includes Instagram co-founder Kevin Systrom has memory issues, Peter Thiel invests in tornado power and gas falls to below $4 a gallon in all 50 states. And so much more!
1 min read · 17 December 2012
Pine Brook said Monday it completed a $45 million growth equity investment in Community Trust Financial Corp., which is the parent of Community Trust Bank. Pine Brook will have 13.7% economic interest in Community Trust and 9% voting interest, according to Oliver Goldstein, a Pine Brook MD. Ruston, La.-based Community Trust is a $3 billion community trust bank with 30 banking centers spread across Northern Louisiana, the Dallas/Fort Worth area, and North-Central Mississippi.
2 min read · 17 December 2012
To end your week, we have news that Richard Schulze gets more time to bid for Best Buy, Walmart offers the iPhone 5 for $127 and Seaworld may go public.
1 min read · 14 December 2012
It's that time of year again. There's only a few weeks left in 2012 and it's time to find out which PE firm was the most active, and biggest, dealmaker this year. And the winner is...
3 min read · 14 December 2012
Catterton Partners has apparently sold LittleMissMatched. Earlier this week, Delta Galil Industries said it had acquired the trademarks of LittleMissMatched.
2 min read · 14 December 2012
Today we have news that Google Maps is now available for the iPhone, Wal-Mart wants some Hostess assets and Dell has pulled the plug on its smartphone business. And so much more!
1 min read · 13 December 2012
Mergers may have slowed this year but the normally staid insurance sector is providing some relief. Deals involving brokers --including USI, Alliant Insurance Services, AmWins and Arrowhead General -- posted strong multiples this year.
2 min read · 13 December 2012
