Steven Price has been named chairman and CEO of Townsquare Media (fka Regent Communications), a radio station operator majority-owned by Oaktree Capital. Price is the co-founder of media investment firm FiveWire Ventures, and previously was a managing director with both Centerbridge Partners and Spectrum Equity Investors.
4 min read · 03 May 2010
First Reserve Corp. has committed up to $500 million in equity for Barra Energia Petroleo e Gas, a new Brazilian energy exploration and production company.
4 min read · 03 May 2010
LaSalle Capital Group and Expedition Capital Partners have partnered to acquire three security guard services businesses: Industrial Security Services Inc. (Cleveland), Leonard Security Services (Virginia Beach) and Eagle Security Inc. (Portsmouth, Va). The three companies will be rolled into a new buy-and-build platform called United American Security, which will be run by former Employer's Security Co. CEO Steve Frost. No financial terms were disclosed.
3 min read · 03 May 2010
Arsenal Capital Partners has completed its previously-announced sale of Genovique Specialties Corp., a Rosemont, Ill.-based provider of benzoate plasticizers, to Eastman Chemical Co. (NYSE: EMN). No financial terms were disclosed.
3 min read · 03 May 2010
Stewart Cohen has agreed to join Gordon Brothers as chief operating officer, effective May 10. He previously was executive vice president of special assets at Textron Financial.
2 min read · 03 May 2010
THL Partners has agreed to increase its proposed investment in Sterling Financial Corp. (Nasdaq: STSA) from $134.7 million to $175 million.
3 min read · 03 May 2010
Golden Gate Capital and Kenner & Co. have completed their previously-announced recapitalization of Atrium Companies Inc., a maker of vinyl and aluminum windows and patio doors. Atrium had filed for Chapter 11 bankruptcy in January. The recap cuts its pre-bankruptcy debt by more than 60%, with existing owners Golden Gate and Kenner investing more than $170 million in equity capital. The firms originally announced plans to invest $125 million.
3 min read · 03 May 2010
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1 min read · 03 May 2010
