Altamont Capital Partners related stories
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OMNIPLEX Names New Chairman and PresidentOMNIPLEX World Services Corp., a portfolio company of Altamont Capital Partners, said on Wednesday that it has named Philip T. Sweeney as executive chairman. Sweeney will also serve as OMNIPLEX Holdings Corp's chairman of the board of directors. Also, Michael S. Santelli, who currently serves as the company's COO, has been named president. Based in Chantilly, Virginia, OMNIPLEX World Services Corp. is a provider of background investigations and security services.
- Restaurant Deals Continue To Attract Capital
Private equity firms are always looking for juicy investments to sink their teeth into. Increasingly, restaurant chains are at the top of the menu.
- Reuters – Revised Billabong Offers Come In
Revised takeover offers for Australia's Billabong International Ltd have come in considerably lower than indicative bids, with the highest valuing the struggling surwear firm at only A$287 million ($300 million), the Australian Financial Review reported on Friday. A consortium comprising Billabong's former U.S. boss Paul Naude and private equity firm Sycamore Partners has put forward an offer of about A$0.60 cents per share, while a rival group made up of private equity firm Altamont Capital Partners and U.S. clothing group VF Corp has offered less than A$.50 cents per share, it said.
- Reuters – Billabong Says Its Still in Talks Over Buyout
Troubled Australian surfwear firm Billabong International Ltd said on Tuesday it is still in talks with two takeover suitors and requested a trading halt in its shares ahead of a possible announcement this week. Billabong has received offers from a consortium comprised of private equity firm Altamont Capital Partners and U.S. clothing group VF Corp and another group led by Billabong's former U.S. boss Paul Naude and private equity firm Sycamore Partners. The two competing groups had made indicative matching offers of A$1.10 a share, valuing the company at A$527 million ($549 million), but analysts expect the final bids -- which were due in last week -- to be around A$0.80-90. That would be slightly above Billabong's close on Thursday of A$0.73.
Billabong Still in Talks with BuyersTroubled Australian surfwear firm Billabong International Ltd said on Tuesday it is still in talks with two takeover suitors and requested a trading halt in its shares ahead of a possible announcement this week.
- Altamont Capital Partners Adds Tim Bruer
San Francisco Bay area-based middle market private equity firm Altamont Capital Partners has named Tim Bruer as an operating partner. Bruer will focus primarily on investments in the food and beverage sectors.
- VF Corporation and Altamont Capital Partners Eye Billabong
VF Corporation and Altamont Capital Partners have submitted a non-binding, joint letter of interest to acquire all of the issued securities in Billabong International Limited for AUD $1.10 per share in cash. Billabong has agreed to allow VF and Altamont to conduct due diligence to evaluate Billabong’s business.
- Altamont closes debut fund on $500m
The San Francisco-based mid-market firm was launched in 2010 by three former executives at Golden Gate Capital, including co-founder Jesse Rogers.
- Altamont Capital Buys OMNIPLEX World Services
Altamont Capital Partners has taken a majority stake in OMNIPLEX World Services Corp., a provider of government security and background investigations services. Terms of the deal were not released. OMNIPLEX is a provider of security support services and Federal background investigations.
- Altamont Capital Hungry for Tacos & Sonic
San Francisco-based Altamont Capital Partners is acquiring Tacala and Boom Foods, both separately based in Alabama, in partnership with management. Tacala manages Taco Bell franchises and Boom Foods is a Sonic drive-in franchisee. Management will continue to pursue new store developments with Altamont Capital Partners.