May 1, 2012
The owner of the shoe store chains Payless and Stride Rite is being acquired for about $1.32 billion by a group that includes the owner of Hush Puppies. Collective Brands Inc., which has been looking for a buyer, has agreed to an offer from a group including Hush Puppies owner Wolverine Worldwide Inc. and two private investment firms. The buyer, which also includes Blum Capital Partners and Golden Gate Capital, will pay $21.75 for each Collective Brands share. That is a 5 percent premium to Collective Brands' closing price of $20.77 on Monday.
January 26, 2012 |
Some investments listed in Mitt and Ann Romney's 2010 tax returns - including a now-closed Swiss bank account and other funds located overseas - were not explicitly disclosed in the personal financial statement the GOP presidential hopeful filed in August as part of his White House bid. The Romney campaign described the discrepancies as “trivial” but acknowledged Thursday afternoon that they are undergoing an internal review of how the...
June 29, 2011 |
Orange County advertising network Specific Media and Bay Area private equity firm Golden Gate Capital are finalists in the bidding for struggling social network Myspace, people familiar with the matter confirmed. News Corp. had hoped the once-dominant Myspace would fetch as much as $100 million, but bidding is in the range of $20 million to $30 million in cash and stock, said the people, who declined to be identified because talks are confidential. The media giant, which is controlled by Rupert Murdoch and paid $580 million for Myspace in July 2005, would retain a minority stake in the site, a person familiar with the matter has said.
May 26, 2011 |
After more than a year of searching for a buyer, California Pizza Kitchen said Wednesday that it would be acquired by the private equity firm Golden Gate Capital for $470 million. If the deal is approved by CPK's shareholders, San Francisco-based Golden Gate will begin to buy out the restaurant chain's shares next month. Golden Gate has also purchased stakes in On the Border Mexican Grill and Romano's Macaroni Grill. It owns a number of retail chains, including Eddie Bauer, Express and J.Jill.
August 6, 2010 |
As California Pizza Kitchen Inc. announced that its second-quarter earnings weren't quite as grim as expected, rumors bubbled over a reportedly dead deal between the casual dining chain and its would-be buyer, private-equity firm American Securities Capital Partners. The Los Angeles-based company declined Thursday to comment on talk about whether a deal was quashed, as was reported this week in the New York Post. The company, which offers unusual items such as Korean barbecue steak tacos and pear and gorgonzola pizza, reported net income of $4.2 million, or 17 cents a share, for the quarter ended July 4. That's a drop of just over 31% from $6.1 million, or 25 cents, a year earlier.
July 18, 2009 |
San Francisco investment firm Golden Gate Capital has won the bankruptcy auction for the Eddie Bauer chain with a $286-million offer, besting several liquidators with a plan to keep open most of the outdoor-clothing retailer's 370 stores in the U.S. and Canada. Eddie Bauer Holdings Inc., based in Bellevue, Wash., attracted several bidders, including liquidators Great American Group, Hilco Consumer Capital and Gordon Bros. Group, as well as Iconix Brand Group Inc., which owns Rocawear clothing.