Private equity-backed Mrs. Fields Famous Brands plans to file for Chapter 11 as declining consumer spending takes its toll. The shopping mall-centred company's Mrs. Fields and TCBY franchise stores have suffered closures since 2004.
2 min read · 04 January 2013
BC Partners will soon launch a tender offer for all remaining shares of Migros Türk following the purchase of a majority stake in May. Separately, London-based managing partner Raymond Svider is relocating to New York to head up fledgling US buyout operations.
1 min read · 04 January 2013
The C$275m Warburg-led financing will support Osum Oil Sands’ move into commercial oil production by 2013. The lucrative oil sands in Alberta contain 173 billion barrels of proven reserves.
2 min read · 04 January 2013
The middle market firm has closed it fourth fund, more than half of which was contributed by new investors, after approximately two years of fundraising. The fund has deployed $50m of capital to date.
1 min read · 04 January 2013
A Series C funding round for Spring Wireless represents NEA's first foray into Latin America. Goldman Sachs was also among the backers of the telecom company, which anticipates an IPO in 2009.
2 min read · 04 January 2013
The New York-headquartered boutique asset manager, currently raising $1bn for its third mid-market fund, will sell to Mizuho Corporate Bank $120m in debt and warrants while collecting up to $150m across its funds.
2 min read · 04 January 2013
The global private equity firm has purchased a minority stake in Amscan Holdings from private equity firms Berkshire Partners and Weston Presidio as well as management, all of which remain shareholders.
2 min read · 04 January 2013
The fund of funds arm of UK insurer Standard Life has held a fourth close for its latest European fundraising effort. The firm is targeting a March 2009 final close less than two years after the close of its €900m predecessor.
2 min read · 04 January 2013
The air freight service company has shut down after filing for bankruptcy twice in two and a half years. As aviation companies grapple with sky high oil prices, Gemini will follow in the ill-fated footsteps of The Yucaipa Companies-owned Aloha Airgroup and MatlinPatterson-controlled ATA Airlines.
2 min read · 04 January 2013
The Carlyle Group affiliate as well as US Renewables Group and Rustic Canyon Partners have provided $42m in financing to ThermaSource for equipment acquisition and services development. The consortium invested $20m in the company in February.
2 min read · 04 January 2013
