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Dean Foods Places Bet On Ice Cream With Friendly’s Deal
Friendly’s Ice Cream’s retail and manufacturing businesses are being acquired for $155 million by milk producer Dean Foods, which is leaving the brand’s 260 restaurant locations in the hands of its...
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Ultimate Fighting Championship Owner Is Reportedly Looking to Sell
The owner of Ultimate Fighting Championship (UFC) is exploring a sale of the promotion company that popularized cage fighting, according to an ESPN report that UFC’s president later denied on Tuesday....
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Warren Buffet Is Reportedly Backing a New Bidder For Yahoo
Yahoo’s list of known suitors just got a bit longer. Berkshire Hathaway’s Warren Buffet is backing a consortium that is bidding for Yahoo’s Internet assets, according to a report from Reuters, citing...
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Take This Market and Shove It
More and more companies are saying goodbye to public shareholders, activist investors, and regulators. Here's why it's so easy to go--and stay--private. Why can't you buy Uber stock? No investment...
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Veteran Advent Exec To Launch New Buyout Firm
Tim Franks is stepping down as a managing director with private equity giant Advent International, where he leads European retail investing. News of his pending departure was first reported yesterday...
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Management Shakeup at The Carlyle Group
The Carlyle Group on Friday announced a senior management shakeup that will include the departure of Mitch Petrick, the firm’s head of global market strategies. He plans to become a senior advisor to...
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Men’s Wearhouse Founder Wants To Buy His Company Back
George Zimmer, famous for television ads hawking Men’s Wearhouse, is back with a new guarantee. Zimmer is angling to win back control of the company he co-founded in 1973. In a broad interview with...
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Polycom Gets Potentially Sweeter Offer From Private Equity Firm
(Reuters) – Video conferencing equipment maker Polycom said on Monday it received a revised proposal from a private equity firm that could be “superior” to Mitel Networks’s offer. Polycom, which agreed...
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US Foods Deal Helps to Defrost the IPO Market
Food distributor US Foods Holding raised $1.02 billion on Wednesday in this year’s second-largest U.S. initial public offering thus far, as new stock market flotations pick up pace. US Foods, which...
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Congress Isn’t Done with Casino Giant Caesars
Last December, Sen. Harry Reid tried tacking an amendment onto an omnibus spending bill that would have retroactively shielded two private equity firms - Apollo Global Management and TPG Capital - from...
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Verizon Just Took A Big Step Toward Yahoo Deal
Verizon Communications on Monday reached a tentative labor agreement that could get around 40,000 striking employees back to work by tomorrow. It also could make it more likely that the telecom giant...
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Pharma Packager PCI Sells for More Than $1 Billion
Private equity firm Partners Group on Wednesday will announce an agreement to acquire PCI Pharma Services, a Philadelphia-based provider of outsourced services to the global pharmaceutical market, from...
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Vista Equity Partners Is Acquiring Ping Identity
Vista Equity Partners said Wednesday that it is acquiring Ping Identity, a firm that manages employees’ digital identities, for an undisclosed sum. The deal is expected to close in the third quarter of...
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Uber-Saudi Arabia Deal Is the Latest Sign the Tech Bubble Could Be Popping
Saudi Arabia's Public Investment Fund is plunging $3.5 billion into Uber, cementing a value for the ride-sharing company of $62.5 billion. But Uber isn't the first American-owned private company to...
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This Big Investor Is Headed To Prison
Fred Buenrostro once was CEO of the California Public Employees’ Retirement System, the nation’s largest public pension and one of its most influential institutional investors. Now he’s heading to...
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Bain Wants To Take Cybersecurity Firm Public Despite Weak IPO Market
Bain Capital is looking for a quick turnaround on its $2.4 billion, year old acquisition of cybersecurity firm Blue Coat by taking it public despite a nearly moribund market for tech IPOs. Blue Coat...
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Ousted CEO Laplanche Studies Lending Club Takeover
Ousted Lending Club CEO and co-founder Renaud Laplanche has been speaking to private equity firms and banks about financing a potential buyout of the online lender, according to people familiar with...
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Yahoo ‘Core’ Fetching $5 Billion Bids, Report Says
The latest round of bids for Yahoo’s “Core” business are in--and they’re about what we expected. Yahoo YHOO has received several bids for its core business, which includes search, advertising, and...
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Dell Valuation Ruling Shouldn’t Spook Private Equity
There has been some speculation that the recent Dell valuation ruling will put a chill on public-to-private buyouts, particularly ones that include members of company management on the buy-side. Sorry,...
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Blue Coat Abandons IPO Plans, Sells To Symantec for $4.65 Billion
Just two weeks after filing for an initial public offering, cybersecurity company Blue Coat has agreed to be acquired for approximately $4.65 billion by Symantec Inc. SYMC . As part of the deal, Blue...
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