Seth Gardner, a former managing director in the private equity group of Cerberus Capital Management, has been named executive director of the new Center for Financial Excellence at Duke University’s Fuqua School of Business.
2 min read · 01 February 2010
3 min read · 01 February 2010
NEW YORK (Reuters) - Reader's Digest Association Inc said on Monday it would delay its emergence from bankruptcy after Britain's pension regulator said it would not approve the publisher's agreement with pension fund trustees regarding a British pension fund deficit. The British arm of Reader's Digest in January reached an agreement with the trustees of its and the UK Pension Protection Fund to resolve the company's deficit. The agreement was contingent on approval from the UK Pensions Regulator, which has indicated it will not approve the pension application. This issue is specific to the British entity and does not involve any other RDA company, Reader's Digest said. Reader's Digest said the British entity is now reviewing its options. In the meantime, the company will
1 min read · 01 February 2010
Professional Healthcare, an acquisition platform sponsored by Mainsail Partners, has acquired Home Health Services Inc., a St. George, Utah-based provider of home nursing and hospice services. No financial terms were disclosed.
2 min read · 01 February 2010
Huntsman Gay Global Capital has sponsored a recapitalization of T&D Solutions LLC, an Alexandria, La.-based power line maintenance and construction company. No financial terms were disclosed.
3 min read · 01 February 2010
Lightyear Capital has acquired three broker-dealers from the ING Advisers network: El Segundo, Calif.-based Financial Network Investment Corp.; Denver-based Multi-Financial Securities Corp.; and St. Cloud, Minn.-based PrimeVest Financial Services Inc. No financial terms were disclosed. The companies will now operate under the name Cetera Financial Group.
3 min read · 01 February 2010
Steven Berger has been named vice chairman and CFO of Weld North, a consumer-focused investment platform recently launched by KKR and former Kaplan CEO Jonathan Grayer. Berger is the former head of Lehman Brothers Merchant Banking, and most recently was founding partner of Richmond Park Partners.
3 min read · 01 February 2010
Summit Materials, an acquisition platform in the building materials market, has acquired Hinkle Contracting Co. of Paris, Kentucky. No financial terms were disclosed. Summit was formed last fall by The Blackstone Group, Silverhawk Capital Partners and former BHP Billiton CEO Charles Goodyear. It has up to $780 million in capital commitments, and previously acquired Hamm Inc.
3 min read · 01 February 2010
Monarch Natural Gas, a portfolio company of Metalmark Capital Partners, has agreed to buy most of the Riverbend midstream assets of Gasco Energy (NYSE Amex: GSX), for $23 million in cash. The deal includes related salt water evaporative facilities.
4 min read · 01 February 2010
1 min read · 01 February 2010
