Rambus Inc. (Nasdaq: RMBS) has agreed to buy the technology and IP parents of Global Lighting Technologies Inc., a Brecksville, Ohio-based maker of backlighting modules for flat panel display devices, for $26 million. GLT raised a $25 million funding round in 2000, from firms like Warburg Pincus and Baring Private Equity Partners.
3 min read · 15 December 2009
Milestone Partners has completed its acquisition of Mariner Finance LLC from First Mariner Bancorp (NasdaqGM: FMAR). No financial terms were disclosed. Mariner Finance is a Baltimore-based provider of medium-term installment loans, related credit insurance and ancillary products to near-prime borrowers.
2 min read · 15 December 2009
Kinderhook Industries has agreed to acquire International Absorbents Inc. (NYSE: IAX) for approximately $30.38 million, or $4.74 per share (18.2% premium to yesterday's closing price.). International Absorbents is a maker of environmentally-friendly pet care and industrial products.
4 min read · 15 December 2009
TorQuest Partners has agreed to acquire the refined wood rosin and natural wood terpines business of Hercules Inc., a subsidiary of Ashland Inc. (NYSE: ASH). The deal is valued at approximately $75 million. TorQuest will rename the company Pinova.
3 min read · 15 December 2009
True Temper Sports Inc., a Memphis, Tenn.-based maker of golf shafts and performance sports equipment, has completed a financial restructuring plan that was approved by the U.S. Bankruptcy Court. A group of investors led by Newport Global Advisors and Providence Equity Partners now hold a majority stake in the company.
3 min read · 15 December 2009
Oaktree Capital Management has committed $500 million to help form Sky Holding Co., a San Francisco-based airline leasing company formed by former executives of Pegasus Aviation.
3 min read · 15 December 2009
Robert Purgason has been named chief operating officer of Chesapeake Midstream Partners, a recently-formed 50/50 partnership between Global Infrastructure Partners and Chesapeake Energy Corp. He previously was COO and executive vice president of Crosstex Energy Services.
3 min read · 15 December 2009
Partners Group of Switzerland has closed its latest secondary fund with €2.5 billion in capital commitments, compared to an original target of €2 billion.
3 min read · 15 December 2009
2 min read · 15 December 2009
1 min read · 15 December 2009
