Frank Panaccio has joined healthcare advisory firm KBT as a partner. He previously was a vice president with Fidelity Ventures.
1 min read · 28 February 2010
1 min read · 28 February 2010
1 min read · 26 February 2010
Hall Capital Partners has entered the market with its second fund, according to an SEC filing. The Oklahoma-based small-market private equity firm is seeking $100 million for its Hall Capital Partners II LP. The firm invests between $2 million and $25 million into family-owned businesses. Its portfolio includes companies like Centrad Healthcare, Mishawaka Sheet Metal, and Motionwear designs, an Indiana-based maker of specialty fitness apparel. Company web site
1 min read · 26 February 2010
Government-controlled auto finance company GMAC has largely been stabilized, but an initial public stock offering that will reduce the taxpayers' stake is probably at least a year away, senior U.S. Treasury officials said on Thursday.
3 min read · 26 February 2010
THL Partners has agreed to acquire publicly traded CKE Restaurants, which operates the Carl's Jr. and Hardee's chains, for $928 million. The deal includes the assumption of $309 million in debt. UBS Investment Bank is acting as financial advisor to CKE. BofA Merrill Lynch and Barclays Capital are acting as financial advisors to THL. Affiliates of BofA Merrill Lynch and Barclays Capital have provided a financing commitment to THL to support the transaction.
5 min read · 26 February 2010
Pinnacle Gas Resources, a publicly traded energy company minority-owned by DLJ Merchant Banking Partners, has sold to an investor group which includes management and Scotia Waterous, part of Scotia Capital, for 34 cents a share. The company went public in 2007 for $9 per share. DLJ Merchant Banking has invested approximately $44 million into the company.
5 min read · 26 February 2010
Small business lender Ares Capital Corp (ARCC.O), which is buying struggling rival Allied Capital Corp (ALD.N), reported a fourth-quarter profit which beat market estimates helped by higher investment spreads and higher structuring fees. Net investment income rose to $38.4 million, or 35 cents a share, from $32.1 million, or 33 cents a share, a year ago.
1 min read · 26 February 2010
(Reuters) - Nuts and snacks seller Diamond Foods Inc said it agreed to buy potato-chips maker Kettle Foods from Lion Capital LLP for $615 million in cash, to expand its presence in the growing potato chip market.
1 min read · 26 February 2010
1 min read · 26 February 2010
