Private Equity Partnership to Purchase Sullair Corp.
BC Partners and Carlyle have formed a limited partnership and will jointly oversee management of Sullair. This transaction is expected to close in the fourth quarter, upon completion of all required approvals.
Private Equity Firms Under Pressure to Exit Investments, Says Bain & Co.
Deal-making is poised to intensify in 2012, according to newly released Bain & Co. 2012 Global Private Equity Report.
Private Equity Goes ‘Back to Basics,’ Says Hedge Fund Lawyer
PE firms shoring up traditional industries such as manufacturing.
Transtar Industries Sold to Private Equity Firm
Transtar, headquartered in Cleveland, Ohio, is an integrated distributor of world-class driveline solutions, including complete transmission units, automatic and standard transmission rebuilder kits, hard and soft parts, electrical components, torque converters, transfer cases, and high-performance engine parts, and a growing supplier of autobody refinishing solutions to the automotive repair industry.
Private Equity Group Buys Aftermarket A/C Company
An affiliate of Castle Harlan Partners V has completed the acquisition of IDQ Holdings, an industry leader in Do-it-Yourself branded automotive aftermarket products for servicing and repairing automotive air conditioners.
Private Equity Firm Invests in Edelbrock
Illinois-based Industrial Opportunity Partners LLC buys into the Southern California performance parts maker.
Earl Scheib to Be Acquired by Private Equity
The transaction is valued at approximately $8 million.
Tomkins Sells Stant Corp. to Private Equity Group
Tomkins plc has sold Stant Corp. to H.I.G. Capital, LLC, a U.S.-based private equity group.The business is headquartered in Connersville, Ind. In 2007, Stant had annual sales and gross assets of $179 million and $95 million respectively. The sale keeps with Tomkins’ current strategy to dispose of non-core operations.
Conti Private Equity Acquisition Unlikely, Say Analysts
Shares in Continental AG have apparently declined again after rising by more than 7 percent on June 25, the result, say traders, of renewed market talk of interest in a private equity bid. A German financial newspaper named Boersen-Zeitung, Banco Santander SA, ING Group NV and Deutsche Bank AG as the favored contenders for bidding.
Private Equity Group to Acquire the Heavy Duty Engine Cooling Division of Valeo
European private equity fund EQT Opportunity has agreed to acquire the heavy duty engine cooling division of Valeo, the French automotive Group. The acquired operations are comprised of some 940 employees in three manufacturing sites – Mjallby and Linkoping in Sweden and Jamestown, N.Y., in the U.S. The business supplies engine cooling solutions to leading manufacturers of trucks, buses, off-highway equipment and industrial diesel engines. In 2007, the division generated sales of approximately $275 million.