Advertisement
 
YOU ARE HERE: LAT HomeCollectionsPrivate Equity Firm
IN THE NEWS

Private Equity Firm

FEATURED ARTICLES
BUSINESS
December 10, 2013 | By Stuart Pfeifer
Fifth & Pacific Companies Inc. has agreed to sell Lucky Brand Jeans to Los Angeles private-equity firm Leonard Green & Partners for $225 million, the companies announced Tuesday. William L. McComb, Fifth & Pacific's chief executive, said the Lucky sale is part of the company's plan to focus on its Kate Spade brand. The company recently sold its  Juicy Couture line. "It is truly an historic day at Fifth & Pacific Companies -- a return to our roots as a mono-brand company," McComb said in a statement.
ARTICLES BY DATE
BUSINESS
March 4, 2014 | By Walter Hamilton
Moelis & Co., a boutique Los Angeles investment bank, filed for an initial public offering, seeking to capitalize on the soaring stock market and a recent pickup in corporate mergers. The firm was founded in 2007 by Ken Moelis, a longtime Southern California investment banker. The Century City-based firm would trade on the New York Stock Exchange under the ticker symbol MC. The firm has advised on a host of prominent deals in recent years, including representing the Dodgers and former owner Frank McCourt in the team's sale to Guggenheim Partners.
Advertisement
BUSINESS
March 7, 2013 | By Tiffany Hsu
Brooding-teen retailer Hot Topic Inc. is about to become family with Talbots Inc., an apparel chain beloved by moms. Hot Topic, a mall staple based in City of Industry, is being sold for $600 million to Sycamore Partners, the private equity firm that this summer bought Talbots for $391 million. The $14-per-share cash price represents a 30% premium over Hot Topic's closing stock price Wednesday and was unanimously approved by the retailer's board, the company said Thursday. But the deal still requires shareholder and regulatory approval.
BUSINESS
December 17, 2013 | By Daniel Miller
Hollywood talent agency William Morris Endeavor and one of its key investors are nearing a deal to acquire sports and media agency IMG Worldwide Inc. for more than $2 billion, according to three people with knowledge of the matter. The deal, expected to be announced later this week, would be a coup for WME and private equity firm Silver Lake Partners in Menlo Park, Calif., which owns 31% of the agency. WME would have access to a trove of new clients and, perhaps most important, a formidable presence in the sports agency business.
BUSINESS
May 26, 2011 | By Sharon Bernstein, Los Angeles Times
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.
BUSINESS
August 12, 2005 | From Reuters
Michael K. Powell, the former chairman of the Federal Communications Commission, has joined private equity firm Providence Equity Partners to provide expertise in the technology and communications fields, the company said. Providence, which focuses on media, communications and information companies, said its principals managed funds with more than $9 billion in equity commitments.
BUSINESS
March 10, 2006 | Meg James, Times Staff Writer
A consortium of investors including Rhode Island-based Providence Equity Partners Inc. and Mexico's largest television broadcaster, Grupo Televisa, is considering bidding for Spanish-language media giant Univision Communications Inc., a person close to the situation said Thursday. The effort is in the early stages, the person cautioned, and might not result in a bid. However, Televisa executives have long expressed interest in expanding the company's reach into the lucrative U.S. media market.
BUSINESS
December 24, 2007 | From Times Staff and Wire Reports
News Corp. said it would sell eight of its owned-and-operated Fox network affiliated television stations to private equity investment firm Oak Hill Capital Partners for about $1.1 billion in cash. Oak Hill is the controlling shareholder of Local TV, which was run by Randy Michaels until his agreement last week to become a top executive at Tribune Co. Michaels now runs Tribune's broadcast and interactive group as part of the Sam Zell-led $8.2-billion buyout.
BUSINESS
July 17, 2007 | David Colker, Times Staff Writer
If you act now, you can buy Ronco Corp., the home of the Veg-O-Matic, Pocket Fisherman and other infomercial classics. But there's already a suitor willing to acquire the troubled company's assets for the once-unbelievably low price of $10 million The U.S. Bankruptcy Court in Woodland Hills has cleared the way for the company, founded in 1958 by legendary pitchman Ron Popeil, to be sold next month at auction.
BUSINESS
May 3, 2007 | Josh Friedman, Times Staff Writer
As Hollywood gears up for an expected blockbuster summer season, two of the biggest movie theater chains are offering a rare double feature: themselves. In an initial public offering last week, exhibitor Cinemark Holdings Inc. sold shares worth $532 million. AMC Entertainment Inc. plans to launch an even bigger IPO this week, estimated at as much as $789 million.
BUSINESS
December 11, 2013 | By Stuart Pfeifer
Lucky Brand Jeans is coming home again. Los Angeles private-equity firm Leonard Green & Partners has agreed to pay $225 million to acquire Lucky from New York fashion company Fifth & Pacific Cos. The acquisition means that Lucky, founded in Vernon in 1990 and moved last year to a 1940s Art Deco building in downtown Los Angeles, will be locally owned once again. Denim veterans and Lucky co-founders Gene Montesano and Barry Perlman used clever marketing - including the "Lucky You" label stitched into the fly - to create one of the country's most popular mid-level denim jeans.
BUSINESS
December 2, 2013 | By Shan Li
Hilton Worldwide Holdings said it plans to raise as much as $2.4 billion in an initial public offering, in what would be the biggest IPO ever for a hotel company. The McLean, Va.-based company and its shareholders plan to sell 112.8 million shares for $18 to $21 a piece later this month, according to a regulatory filing. The sale could more than double the investment of the Blackstone Group, the private equity firm that sunk in about $26 billion to take Hilton private in 2007.
BUSINESS
November 19, 2013 | By Tiffany Hsu
Carpinteria-based CKE Inc., known for the raunchy commercials and juicy burgers from its Carl's Jr. chain, will be sold to the owner of decidedly G-rated brands Cinnabon and Auntie Anne's. CKE, currently controlled by affiliates of New York private equity firm Apollo Global Management, will change hands to an affiliate of Roark Capital Group, a private equity firm in Atlanta. Roark's portfolio is stuffed with popular food brands such as Wingstop, Corner Bakery Cafe, Seattle's Best Coffee and Arby's.
BUSINESS
November 16, 2013 | By Jim Puzzanghera
WASHINGTON -- Former Secretary of the Treasury Timothy F. Geithner is becoming a financial industry executive, taking a high-level job with the private-equity firm Warburg Pincus, the firm announced Saturday. Geithner, who was a major player in the federal government's response to the 2008 financial crisis and the Obama administration's formulation of economic policy, will become a managing director of the company and a member of its executive management group, Warburg Pincus said.
BUSINESS
September 24, 2013 | By Tiffany Hsu
Popular stationery company Paper Source has changed hands, from Southern California private equity firm Brentwood Associates to investment management firm Investcorp. The financial terms of the deal were not disclosed. The Chicago-based chain, which sells paper goods, gifts and crafting supplies across 23 states and the District of Columbia, was founded in 1983. Brentwood contributed capital in 2007. Since then, Paper Source's store count has increased to 73 units from 21. Now, there are nearly 20 stores in California alone.
BUSINESS
August 12, 2013 | By Tiffany Hsu
Pianos seem to be popular on Wall Street, as two financial firms face off in their quests to acquire Steinway Musical Instruments Inc. The Waltham, Mass. company - which in addition to its namesake pianos also makes Bach Stradivarius trumpets, Selmer Paris saxophones, Leblanc clarinets and more - said it has received a superior takeover bid to the deal announced in June with private equity firm Kohlberg & Co. The new bidder, an unnamed affiliate of a mysterious investment firm only described as managing $15 billion, is offering $38 a share for Steinway.
BUSINESS
January 6, 2006 | From Reuters
A report that a private equity firm and Hewlett-Packard Co. were considering a joint bid for Computer Sciences Corp. lifted the information technology company's shares 7.9% on Thursday. The report marks the second time in the last three months that takeover speculation has surrounded the El Segundo company, whose shares have climbed about 25% in that time.
BUSINESS
August 12, 2013 | By Ricardo Lopez
Rockwell Collins Inc. announced over the weekend it is buying ARINC, a flight systems company, for $1.39 billion, from private equity firm the Carlyle Group. The deal will bolster Cedar Rapids, Iowa-based Rockwell Collins' flight systems business. "Strategically, this acquisition is a natural fit for Rockwell Collins,” Kelly Ortberg, Rockwell Collins' chief executive, said in a statement. “It accelerates our strategy to develop comprehensive information management solutions by building on our existing information-enabled products and systems and ARINC's ground - based networks and services to further expand our opportunities beyond the aircraft.
Los Angeles Times Articles
|