Affinia Group Inc., an Ann Arbor, Mich.-based provider of on-and-off highway replacement products and services, has acquired Chinese drum and rotor maker HMB Investment Ltd. Affinia is controlled by Cypress Group.
2 min read · 13 November 2008
Textron has completed the sale of its Fluid & Power division for $1 billion to UK engineering group Clyde Bowers, which was sponsored on the deal by HarbourVest Partners and Pantheon Ventures. Leveraged financing has been committed by Bank of Scotland, Barclays, HSBC and RBS.
5 min read · 13 November 2008
The Reader's Digest Association, a portfolio company of Ripplewood Holdings, has agreed to sell certain assets of display marketing company Books are Fun to Imagine Nation Books, for approximately $17.5 million.
3 min read · 13 November 2008
Ladder Capital Finance has been formed as a specialty finance company focused on the commercial real estate industry. It has raised approximately $1 billion in equity and debt, co-led by Towerbrook Capital Partners and Global Infrastructure Partners.
4 min read · 13 November 2008
1 min read · 13 November 2008
VMG Partners has acquired an undisclosed stake in Robert's American Gourmet Foods, a maker of maker of natural gourmet snack lines marketed under the Pirate’s Booty, Smart Puffs and Tings brand names.
3 min read · 13 November 2008
Stone Point Capital has acquired a 50% stake in Real Estate Disposition Corp., the nation's largest real estate auction company. No financial terms were disclosed.
3 min read · 13 November 2008
Miles Cresswell-Turner has joined Duke Street Capital as a partner, with a focus on financial services. He previously was a partner with Palamon Capital Partners.
3 min read · 13 November 2008
2 min read · 13 November 2008
4 min read · 13 November 2008
