PE Hub Staff

WSJ: Extended Stay In Talks with Lenders

LaSalle Janitorial Platform Adds On

Paramount Building Solutions, a janitorial services platform sponsored by LaSalle Capital Group, has acquired Janitorial Management Services Inc. of Tarzana, California. No financial terms were disclosed.

FT: Woolworths Sale Unlikely

Bain Capital In Lead for Reed Elsevier Unit

Terra Firma Faces EMI Music

Brent Mathews Joins KCP Advisory

Senior Care Centers Adds On

Senior Care Centers of America, a portfolio company of Clearview Capital, has acquired Crozer Adult Day Health Center, which provides care to elderly and disabled adults on the campus of the Crozer-Chester Medical Center in Chester, Pennsylvania. No financial terms were disclosed.

Wayzata Unpacks Portola Bankruptcy

Wayzata Investment Partners has acquired a majority stake in Portola Packaging Inc., a Batavia, Ill.-based provider of packaging solutions. The deal helps bring Portola out of Chapter 11 bankruptcy, and includes a senior loan facility from Wells Fargo Foothill.

Ripplewood Suspends Fund-Raising

Maxum Petroleum Raises $300 Million

Maxum Petroleum Holdings Inc., an Old Greenwich, Conn.-based energy logistics company, has secured a $300 million private equity commitment from Metalmark Capital and Waud Capital Partners. The company had been formed in October 2003 as an acquisition platform sponsored by Waud, Northwest Capital Appreciation and RBC Capital Partners. Northwest and RBC will retain an equity interest. No word yet if this deal will result in Maxum withdrawing its IPO registration. The company’s most recent filing indicated plans to sell 16.7 million shares at between $14 and $16 per share, with Credit Suisse, Bear Stearns and UBS serving as co-lead underwriters.