Private Equity
Doug Lawson has joined Lazard Middle Market, a unit of Lazard, as an MD and head of packaging within the industrials group. He is based in Chicago. Most recently, Lawson was an MD wand head of the packaging group at BMO Capital Markets in Chicago.
2 min read · 21 November 2012
To end your Tuesday, the Feds are closing in on Steven Cohen, H-P claims it was duped into overpaying for Autonomy and Frank Quattrone's history of selling to H-P.
1 min read · 20 November 2012
Providence Equity Partners and Goldman Sachs may finally get to cash out of the YES Network, which televises Yankee games, after holding the stake for eleven years. News Corp. said Tuesday it has agreed to buy a 49% stake in the Yankees Entertainment and Sports Network.
2 min read · 20 November 2012
Hostess Brands may not be done yet. The maker of Twinkies and Ding Dongs is expected to meet with its lenders and one of its bigger unions later today as it attempts to avoid liquidation. Private equity also appears interested in Hostess. C. Dean Metropoulos & Co., the PE firm that owns Pabst Brewing, said last week that it was considering making an offer for Hostess, according to press reports. Sun Capital Partners also confirmed it wants to buy Hostess.
2 min read · 20 November 2012
Today we have word that Twinkies might be saved, Mark Cuban tells us what he really thinks of Facebook (it's a huge time suck) and Mark Suster gives us his take on being an entrepreneur.
1 min read · 19 November 2012
Welsh, Carson, Anderson & Stowe, along with industry veterans Kristen Bratberg and John Rizzo, has formed U.S. Anesthesia Partners. Fort Lauderdale Fla.-based U.S. Anesthesia Partners is a single-specialty physician services organization focused on anesthesia and perioperative care. Bratberg will serve as CEO of U.S. Anesthesia Partners while Rizzo is president and chief development officer.
3 min read · 19 November 2012
Tex Tech Industries was sold to ShoreView Industries. Financial terms weren't announced. Peninsula Capital Partners was the seller. Portland, Maine-based Texas Tech develops and makes engineered, high-performance materials for niche applications. BlackArch Partners, which advised Texas Tech, announced the sale Monday.
3 min read · 19 November 2012
Alvarez & Marsal said Monday that Russell Kellner has joined the firm's private equity services group as an MD based in Boston. Most recently, Kellner was a principal at Bain & Company.
2 min read · 19 November 2012
Advanstar Global has agreed to buy ENK International. Financial terms weren't announced. ENK organizes fashion events in New York, Las Vegas, Europe and Asia. Advanstar is backed by Anchorage Capital Group, Ares Management, and Veronis Suhler Stevenson.
3 min read · 19 November 2012
Who will save Hostess Brands? That's the question that's been circulating among investors and media outlets. The 82-year old Hostess, which makes Twinkies, Ding Dongs, Ho Hos and Wonder Bread, is looking for a lifeline after filing with a U.S. bankruptcy court last week to go out of business. Hostess is firing more than 18,000 employees after a week long strike by its baker's union. Adding to the doom-and-gloom is a notice on the company's website that says, "Hostess Brands is Closed."
2 min read · 19 November 2012
