PE Hub Staff

Generation Brands Files for Chapter 11

Generation Brands, a Cary, N.C.-based provider of lighting fixtures and ceiling fans for the building construction and home improvement industries, has filed for Chapter 11 bankruptcy protection. The company also said that it has agreed on a prepackaged restructuring, which would eliminate $150 million of debt and bring in $20 million of new equity funding from existing sponsor Quad-C Management.

Fastech Adds On

Fastech Integrated Solutions, a portfolio company of NewSpring Capital, has completed its acquisitions of the assets of two IT and telephony service vendors focused on SMEs: Aserdiv Inc. and Transcend Communications Inc. No financial terms were disclosed.

Quadrangle Group Exits Cinemark

The Quadrangle Group has sold its remaining 2.33 million shares in Cinemark Holdings Inc. (NYSE: CNK), a Plano, Texas-based movie theater chain, via a secondary public offering. The shares were sold at $12.85 each, or approximately $30 million. Barclays Capital served as underwriter. Cinemark went public in 2007 at $19 per share.

XATA Raises $30 Million, Buys Turnpike Global

XATA Corp. (Nasdaq: Xata) , a Minneapolis-based provider of fleet management solutions to the truck transportation industry, has raised $30 million in PIPE funding from Technology Crossover Ventures and existing shareholder Trident Capital. The company also announced that it has paid $20 million in cash and stock to acquire Ontario-based Turnpike Global Technologies, a provider of PDA-based fleet operations solutions.

Synexus Adding On

Synexus, a clinical trial recruiter and operator backed by Lyceum Capital, has agreed to acquire Leipzig-based ClinPharm for an undisclosed amount.

PAI Agrees To Fund Cut, Candover Cancels Future Deals

WSJ: Clear Channel In Talks To Raise $2.5 Billion in Debt

Patron Capital Buys Powerleague

Patron Capital Partners has completed its acquisition of Powerleague, owner and operator of 5-a-side football centers in Europe. The deal includes over £50 million in equity, at an enterprise value in excess of £80 million.

Carlyle Offers To Buy UK Waste Management Co Shanks

SEC Investigating CalPERS-Broidy Ties