The Yucaipa Companies related stories
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- DB confirms E1.5bn private equity sale
DB Capital’s Ted Virtue and Graham Clempson have finalised the largest ever purchase of a secondary private equity portfolio.
- Amalgamated Bank to Get $100 Mln Investment from WL Ross, Yucaipa
Amalgamated Bank said Monday it expects to receive about $100 million in equity investments from two investors, WL Ross & Co. LLC and The Yucaipa Companies. Each are putting in around $50 million. Once the deal closes, which is expected in fourth quarter, Yucaipa (which is led by Ron Burkle) and WL Ross will each own approximately 20% of Amalgamated's common stock.
- Magic Johnson and Ron Burkle's Yucaipa Invest in Vibe
Magic Johnson Enterprises and Ron Burkle's The Yucaipa Cos. have made an investment in Vibe Holdings, which owns Vibe Magazine and the Soul Train TV show and library. Financial terms were not announced. Earvin "Magic" Johnson will become chairman of Vibe Holdings. InterMedia Partners, a New York PE firm, currently owns Vibe.
- Bertram Promotes Ruger and Yamashita to Partner
Bertram Capital, a San Mateo PE shop, has promoted Jared Ruger and Kevin Yamashita to partner. Bertram made the announcements in separate releases. Ruger is founding member of Bertram and was formerly with Oak Hill Capital Management. Yamashita was previously with Calera Capital.
- Riggio wins battle with Burkle over Barnes & Noble
Barnes & Noble chairman Leonard Riggio has won a bitter proxy war with Ron Burkle. Riggio has the support of 44 percent of voting shareholders, which prevents Burkle, the owner of the Yucaipa Companies private equity firm, from joining the Barnes & Noble board and buying out the company. Riggio said that Barnes & Noble will now be looking for interested buyers.