The Tom Gores-led buyout shop has exceeded its target of $1.5bn, and has already invested the fund in at least four deals.
1 min read · 05 January 2013
The Southern California plant nursery operator, partly owned by CalSTRS, has selected turnaround specialist Black Diamond as its stalking horse bidder. Hines has also secured $62 million in debtor in possession financing from its lenders, which include Cerberus-owned GMAC Commercial Finance.
2 min read · 05 January 2013
The US private equity firm will relinquish its remaining 24 percent stake, currently valued at roughly $103 million, in NASDAQ-listed Great Lakes Dredge & Dock. The Illinois-based dredging company was acquired by Madison Dearborn for $340m in 1998.
2 min read · 05 January 2013
The middle market specialist has completed its acquisition of Midlands-based Accura Support Services in a buy-in management buyout from Barclays Ventures.
1 min read · 05 January 2013
The energy specialist has completed its acquisition of Toronto Stock Exchange-listed Saxon Energy Services for C$7 per share, partnering with Canadian oilfield services company Schlumberger.
1 min read · 05 January 2013
Blank cheque company Enterprise Acquisition will assume more than $480m in debt for promotional stationary maker Workflow Management, which counts the MGM Grand among its clients. Perseus and The Renaissance Group took the company private for $225m in 2004.
2 min read · 05 January 2013
The Los Angeles-based firm has tapped Levine Leichtman’s Todd Stemler and CapitalSource’s Gavin Bates to help manage its mezzanine unit’s $500m fourth fund.
1 min read · 05 January 2013
The Los Angeles-based buyout shop has sold floral delivery business FTD Group to United Online for roughly $754m in cash and stock, four years after purchasing the business in a $422m take-private. The deal value is roughly $46 million below the original announced purchased price.
1 min read · 05 January 2013
The operationally intensive firm has raised roughly $4bn for its eighth buyout fund in less than a year, a source has confirmed to PEO.
2 min read · 05 January 2013
Venture capital investment in China reached its highest level in five years at $1.4bn, while India recorded its second highest quarterly total at $238m. Chinese information technology and Indian advertising proved the most appealing sectors, according to a Dow Jones study.
2 min read · 05 January 2013
