The Yucaipa Companies related stories
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WL Ross seeks fundraising extensionA slow fundraising environment, as well as uncertainty around Wilbur Ross’ future role, has led to hesitation among some investors to commit to the firm's fifth fund, according to sources.
- WL Ross, Yucaipa in union-backed bank deal
The private equity firms will invest $50m each in Amalgamated Bank for a shared 40% stake in its common stock.
- Colony purchases Miramax for $660m
The Los Angeles-based firm joined the bidding process for Disney's troubled film studio earlier this month.
- Courting unions
While some private equity firms find themselves at odds with unions, others have forged more harmonious relationships.
- US peanut recall affects private equity firms
Portfolio companies of several private equity firms have had to recall products after salmonella contamination forced the nationwide recall of 1,800 products this month, costing companies millions and driving Emigrant Capital-backed Forward Foods into bankruptcy.
- Yucaipa injects $99m into organic grocer
The Ron Burkle-owned private equity firm has bought a 7% stake in Whole Foods two months after Leonard Green & Partners purchased a 17% ownership stake. The high-end grocery chain has struggled lately due to declines in consumer spending.
- Yucaipa invests $67.3m in book retailer
The Ron Burkle-owned investment firm has acquired an 8.3% stake in Barnes & Noble whose stock the firm views as undervalued. Barnes & Noble competitor Borders Group has hired the founder of private equity firm Wildridge Capital Management as its new head.
- Ripplewood gives Twinkies-maker new life
The New York private equity firm, currently raising $4bn, has agreed to commit $130m to Interstate Bakery, maker of iconic US food brands including Wonder Bread and Twinkies. Three investment firms have agreed to loan the company $339m.
- Bayside-backed Gemini Air files bankruptcy
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.
- WL Ross, GS invest $100m in Indian airline
The agreed financing for SpiceJet exceeds last month’s financing arrangement with distressed specialist WL Ross by 25 percent. The new deal includes ‘participation’ by Dubai-based Istithmar World and SpiceJet director Ajay Singh and a subscription for equity warrants by Goldman Sachs.