Vestar Capital Partners related stories
All articles and analysis
- PE-Backed MediMedia Sells Unit to VCA Antech
Publicly traded VCA Antech is buying MediMedia Animal Health, a unit of MediMedia USA, for $146 million in cash. MediMedia Animal Health, known as Vetstreet, is a provider of online communications, professional education and marketing solutions to the veterinary community. MediMedia USA is a portfolio company of Vestar Capital Partners.
- Vestar's Essent Healthcare Deals Mass. Hospitals
Essent Healthcare has sold a pair of Massachusetts hospitals to Steward Healthcare System LLC of Boston. Essent is a portfolio company of Vestar Capital Partners. The PE firm invested in the hospital system through its fourth fund.
- KKR, Vestar, Centerview Close $5.3 Bln Buy of Del Monte
KKR, Vestar Capital Partners and Centerview Capital have completed their $5.3 billion buy of Del Monte Foods Co. The sponsor group paid $19 a share cash for Del Monte, which will cease trading on the NYSE before the opening of the market tomorrow.
- Warburg, Vestar Near $1B Deal for Triton Container
Warburg Pincus LLC and Vestar Capital Partners are close to a deal to buy Triton Container International Ltd from the Pritzker family, Reuters reported. The value of the deal could reach as high as $1 billion. Negotiations are in the “final stage,” Reuters reported.
- Poll Results: 55% Think Del Monte Should Go Up for Sale Again
And the results are in! Yesterday, we asked you whether Del Monte should go up for sale again /96093/question-of-the-week-should-del-monte-go-up-for-sale-again/ The poll follows a Delaware judge's decision to delay a shareholder vote on the sale of the company to a KKR-led group. The judge was highly critical of Barclay’s handling of the sale (Barclays wasn’t named as a defendant, but it did advise Del Monte on the sale, provided debt financing for the buyers and ran the go-shop). The ruling has become the talk of Wall Street http://online.wsj.com/article/SB10001424052748703561604576150770642063688.html?mod=ITP_moneyandinvesting_0 with Barclays's rivals taking swipes at the IB, although they do the same thing and often play both sides of a deal. So we had to ask: should Del Monte go up for sale again? /96093/question-of-the-week-should-del-monte-go-up-for-sale-again/ As of midnight Thursday, you’re split on this. A little more than half, 55%, do think Del Monte should be reshopped. But 45% think the company shouldn’t be.
- Judge Delays Del Monte Sale, Chastises Barclays – CORRECTED/UPDATED
Just when we thought the sale of Del Monte was a done deal, a Delaware judge has stalled the sale. Vice-Chancellor J. Travis Laster of Delaware Chancery Court delayed the shareholder vote http://www.reuters.com/article/2011/02/15/delmonte-idUSN1518024820110215 on the sale of Del Monte to a KKR-led group until March 7. Laster also enjoined Del Monte and its PE buyers from enforcing a no shop, which prevents the company from seeking out higher offers (this means Del Monte can search out higher offers).
- GE Capital, Ares Capital Boost Capital Available In Sr Secured Loan Program To $5.1B
Senior Secured Loan Program, which is managed by Ares Capital and an affiliate of GE Capital, increased the total available capital in the program to $5.1 billion from $3.6 billion. The amount of capital GE Capital and its affiliate will make available rose to $4.125 billion from $3.075 billion. The funds Ares Capital will make available rose to $975 million from $525 million. In addition, the program will now be allowed to hold loans in a principal amount up to $300 million.