Private Equity Deals that Closed plus update Investor Network


RED HOOK CAPITAL NEWS:

We are happy to offer members at Investor Network a PDF of deals pitched on Investor Network Nights!

Join us Monday January 20th, 2014 at 6pm Pacific for Investor Network Nights: http://redhookcapital.me/investor-network/

DEALS THAT CLOSED:

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Frontier Spinning Mills DEAL: American Securities, the New York-based private equity firm announced it was acquiring Frontier Spinning Mills Holding, a Sanford, North Carolina-based producer of cotton yarn for the knitting and weaving industries, from an affiliate of Sun Capital Partners.  Financial terms of the transaction were not disclosed. Kaye Scholer served as legal counsel to American Securities, and Kirkland & Ellis served as legal counsel to Frontier with respect to the transaction.  Wells Fargo acted as financial advisor to Frontier and the seller with respect to the transaction. www.frontierspinning.com

LGS Innovations DEAL: Madison Dearborn Partners and Covant have teamed up to buy LGS Innovations, an Alcatel-Lucent company, for up to $200 million. LGS is a provider of secure networking and satellite for the US military-industrial complex and other professional organizations. It is an interesting deal – with half the money being paid at closing and the rest to be paid based on how well LGS performs in 2014.www.lgsinnovations.com

PharMEDium DEAL: PharMEDium, a provider of hospital pharmacy sterile compounding services, said this morning that Clayton, Dubilier & Rice (CD&R) will invest in the company, replacing Oak Investment Partners and Baird Capital, which will both exit as part of the transaction. JVC Management, an investment firm controlled by David N. Jonas, the chief executive of PharMEDium, will retain an investment in the company. Terms of the transaction were not disclosed. www.pharmedium.com

Responsys, Inc. DEAL: Oracle (NYSE: ORCL) said late this morning that it was acquiring Responsys, Inc. (NASDAQ: MKTG), the provider of cloud-based ecommerce marketing solutions for e-tailors, for $27.00 per share in cash or approximately $1.5 billion, net of Responsys’ cash. That represents an impressive 38% premium to the stock’s closing price on Thursday.  Responsys is used by some of the largest e-tailors to orchestrate marketing campaigns across email, mobile, social, and the web. www.responsys.com

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Happy Investing and Networking,

JD Morris

JD Morris

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

INVESTOR SOCIAL NETWORKING:

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OTHER WEBSITES:

The Morris Team URL: http://www.themorristeam.com/

The Morris Team

Author: JDM

Learn more about JDM Biography on LinkedIn: http://www.linkedin.com/in/jdmorris

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