2 min read · 20 November 2008
2 min read · 20 November 2008
1 min read · 20 November 2008
2 min read · 20 November 2008
Rakesh Sony has joined India-based Motilal Oswal Financial Services Ltd. as director of private equity. He previously was co-founder and managing director of Microsec Group.
2 min read · 20 November 2008
Glass Lewis & Co. LLC, a San Francisco-based proxy firm owned by The Ontario Teachers' Pension Plan, has agreed to acquire political and economic advisory firm Washington Analysis Corp. from Xinhua Finance. No financial terms were disclosed. OTPP originally bought Glass Lewis from Xinhua Finance last year for $46 million.
2 min read · 20 November 2008
Buckeye GP Holdings LP (NYSE: BGH), a pipeline operator, has turned down a $17 per unit tender offer from ArcLight Capital Partners and Kelso & Co. The two firms -- along with Lehman Brothers – bought a 63% stake in Buckeye from Carlyle-Riverstone last year. In a regulatory filing, Buckeye said that the $17 per unit price “is inadequate and that the tender offer is otherwise not in the best interests of the holders of units."
1 min read · 20 November 2008
KarpReilly Capital Partners and HIG Capital been rebuffed in their offer to buy women’s apparel retailer Charlotte Russe Holding Inc. (Nasdaq: CHIC), for between $9 and $9.50 per share. The deal could have been worth upwards of $198.6 million. KarpReilly currently holds a 5.4% stake in Charlotte Russe.
3 min read · 20 November 2008
1 min read · 20 November 2008
Centre Partners has acquired operating businesses of Connors Bros. Income Fund, which include branded seafood products like Bumble Bee and Brunswick. The transaction’s enterprise value is approximately $600 million, with Connors senior management staying in place and holding a “significant stake” in the business. Wells Fargo Foothill underwrote a $350 million senior revolver and term loan facility, Ares Capital arranged a $135 million senior sub-debt placement and co-invested on the equity. Falcon Investment Advisors also made an equity co-investment.
3 min read · 20 November 2008
