June 10, 1987
Research Cottrell Inc., a Somerville, N.J., pollution control, engineering and construction company, has agreed to a $293-million leveraged buyout by a group of investors that will include some members of management. The $44-a-share offer by R-C Acquisition Inc. was one of several bids for the company, a spokesman said. R-C Acquisition is made up of Odyssey Partners, the founders of Oppenheimer & Co., the investment banking firm Allen & Co. and First Chicago Venture Capital.
November 10, 2000
Virtual CEO Inc., a San Juan Capistrano provider of advanced performance management and assessment tools, said it has received $2 million in funding from a consortium of Odyssey Strategic Partners, GenStar and private investors. The company said the infusion will allow it to hire additional management as well as expand its technology and product offerings.
August 13, 1988
Irvine-based American Stores Co. said Friday that it has agreed to sell its 95-store Kash n' Karry supermarket chain for $305 million to the investment firm of Gibbons, Green, van Amerongen. Kash n' Karry, headquartered in Tampa, Fla., is part of American Stores' wholly owned subsidiary, Lucky Stores. The agreement, expected to close in late September, is subject to Gibbons Green obtaining financing and to governmental approvals.
July 24, 1990 |
In the fall of 1988, when Odyssey Partners led a highly leveraged $334-million buyout of Micom Communications, the plan, predictably enough, was to pare down the Simi Valley high-technology company, selling off divisions to pay back creditors, and making the remaining businesses profitable again. Less than two years later the company, renamed Black Box, looks like a leveraged buyout that hasn't worked according to plan. One problem is that Black Box suffers from a crushing load of debt.
May 1, 1990
Black Box Inc. of Simi Valley has started a program to refinance some of its debt, according to documents filed with the Securities and Exchange Commission. Black Box is the parent company of Micom Communications of Simi Valley, which makes devices that allow computers to "talk" to each other, and Black Box Corp., a Lawrence, Pa., mail-order business for data communications products. Black Box Inc.
July 17, 1990
Black Box Inc. in Simi Valley said it plans to raise about $98 million with an initial public offering of 4.5 million common shares and an offering of $35 million in subordinated debentures, a type of debt security. Black Box is the parent company of Micom Communications, which makes devices that enable computers to share information, and Black Box Corp., a mail-order business for data communications products. Black Box Inc.
May 28, 1996 |
Canada's Northern Telecom Ltd. said it plans to buy Micom Communications Corp. of Simi Valley for $153 million, including the assumption of debt, to boost its multimedia networking business. Northern Telecom, which has accumulated profits from its high-speed phone lines and call-routing technology, said it will pay $12 a share for each of Micom's 11.45 million shares.