Attends Healthcare Inc., a maker of adult incontinence products, has raised $98 million in new financing for a recapitalization. The deal includes a $20 million asset-based revolving credit facility from Wells Fargo Capital Finance and $78 million in term loans from Regiment Capital. Proceeds will be used to refinance existing debt and to fund a $60 million distribution to shareholders like KPS Capital Partners.
2 min read · 01 April 2010
HHI Group Holdings, a maker of forged parts for power train and wheel-end applications, has raised $300 million in new financing for a recapitalization. The deal includes a $100 million revolving credit facility and a $200 million term loan. Proceeds will be used to refinance existing debt and to fund a $150 million distribution to shareholders like KPS Capital Partners and MC Capital.
2 min read · 01 April 2010
Water Street Healthcare Partners has completed its sale of gastrodiagnostic device company Sierra Scientific Instruments to Given Imaging Ltd. (Nasdaq: GIVN). The deal was valued at $35 million in cash.
2 min read · 01 April 2010
Richard Blum, founder and chairman of Blum Capital Partners, has joined the Federal Reserve Bank of San Francisco’s Economic Advisory Council for a three-year term.
3 min read · 01 April 2010
Solo Cup Co., a portfolio company of Vestar Capital Partners and BAML Cpital Partners, has acquired InnoWare Plastic Inc. from InnoWare LLC, a portfolio company of Norwest Equity Partners. No financial terms of the all-stock deal were disclosed. InnoWare Plastic is a Georgia-based maker of take-out containers.
2 min read · 01 April 2010
KKR has joined Triton on its previously-announced €850 million acquisition of Nordic care home operator Ambea from 3i Group. The two firms will be 50-50 partners on the deal, which closed yesterday.
4 min read · 01 April 2010
TA Associates has acquired a majority stake in British lifestyle brand Cath Kidston. No financial terms were disclosed.
3 min read · 01 April 2010
Broadpoint Gleacher Securities Group Inc. (Nasdaq: BPSG) plans to rename itself Gleacher & Company. It also will reincorporate in Delaware.
2 min read · 01 April 2010
Sterling Foods, a portfolio company of Austin Ventures and TGF Management, have acquired Caravan Trading Co., a Union City, Calif.-based bakery for the wholesale, military, food service and retail industries. No financial terms were disclosed.
2 min read · 01 April 2010
1 min read · 01 April 2010
