IPC completes sale of OTC, a leading technical distributor of highly engineered motion control, pump and air compressor products
IPC completes sale of Pet Supplies Plus, the third largest pet specialty chain in the U.S. with 448 franchised and company operated stores across 33 states
IPC completes sale of Caribbean Financial Group, a leading branch-based consumer installment lender in Panama and the Caribbean
CFG announced the completion of its inaugural securitization, an issuance of $207 million of two-year revolving, asset-backed bonds secured by a pool of its unsecured consumer installment loans.
CHICAGO – Mountain View Regional Hospital (MVRH) in Casper, Wyoming, a joint venture between local physicians and National Surgical Healthcare, an owner and operator of surgical hospitals and surgery centers, today announced that MVRH has moved to unify its campus by acquiring the Central Wyoming Neurosurgery group (CWN), the largest and most experienced neuroscience and […]
NSH announced that it has agreed to acquire a majority interest in Optim Healthcare, a fast-growing, integrated, orthopedic-focused health system.
Fosun to purchase 20% of Ironshore’s ordinary shares, facilitating partial realization of IPC’s investment.
National Surgical Hospitals acquires an interest in a surgery center in Fairfield, Connecticut
David Knoch participated on the opening panel at PEI’s 2013 Operating Partners Forum in New York City.
Irving Place Capital, a middle-market private equity firm, announced today that it has appointed Michael Howe as a Senior Advisor for the firm’s healthcare practice. Mr. Howe will work closely with Irving Place Capital to identify, evaluate, and pursue new investments in the consumer-facing healthcare space. In particular, Mr. Howe will focus on opportunities that […]
Irving Place Capital, a middle-market private equity firm, announced today that it has appointed Michael Feiner as Senior Advisor of Human Capital. Mr. Feiner has extensive experience helping some of the world’s leading corporations develop and optimize their leadership and talent as a corporate executive, management consultant, author and professor. Mr. Feiner’s corporate experience includes […]
Irving Place Capital (“IPC”), a leading middle-market private equity firm, announced today that it has signed agreements to recapitalize, in partnership with senior management, National Surgical Hospitals (“NSH”), an owner, operator, and developer of surgical facilities in partnership with local physicians. The terms of the transaction were not disclosed. Founded in 1999, NSH currently owns […]
MC Shipping Inc., an expanding international shipping company focused on the transportation of liquefied petroleum gas (“LPG”) and a portfolio company of BSMB, announced that it has acquired the Keswick, an LPG vessel, from a subsidiary of Vitol SA. The vessel, built in 2003, is a pressurized LPG tanker with 11,028 cubic meters of capacity. […]
Ironshore Inc. announced today that it has signed a sale and purchase agreement with Chaucer Holdings PLC and the management of Pembroke for the £17 million cash purchase of Pembroke Managing Agency Limited, which manages Lloyd’s Syndicate 4000. The transaction is subject to approval from Lloyd’s and the UK’s Financial Services Authority. Mark Wheeler serves […]
Bear Stearns Merchant Banking (BSMB), a leading private equity firm focused on middle-market investments, today announced that it soon will become an unaffiliated independent company. The Bear Stearns Companies Inc., a subsidiary of JPMorgan Chase & Co., will retain a passive interest in certain affiliates of BSMB and will continue to be responsible for co-investment […]
MC Shipping Inc., an international shipping company focused on the transportation of liquefied petroleum gas (“LPG”) and a portfolio company of BSMB, announced that it acquired the BW Munin, an LPG vessel from BW Gas. The vessel, built in 1989, is a fully refrigerated LPG tanker with 28,000 cubic meters capacity. The vessel was delivered […]
Bear Stearns Merchant Banking (“BSMB”), a leading private equity firm focusing on middle-market investments, today announced that it has completed its acquisition of MC Shipping Inc. MC Shipping is an international shipping company focused on the transportation of liquefied petroleum gas (LPG). The agreement between the two firms was previously announced on July 30, 2007. […]
Rimrock Energy, LLC (“Rimrock” or the “Company”), a private oil and gas company headquartered in Denver, Colorado, today announced equity commitments of $250 million from Bear Stearns Merchant Banking (“BSMB”) and Natural Gas Partners (“NGP”). Rimrock is a newly-formed natural gas exploration and production company focused on onshore unconventional resources in North America, including shale […]
MC Shipping Inc. (AMEX: MCX) and Bear Stearns Merchant Banking (“BSMB”) announced today the signing of a merger agreement providing for the Company to be acquired by a newly-formed entity controlled by BSMB. Under the terms of the merger agreement, MC Shipping shareholders will receive $14.25 per share in cash, representing a total transaction value […]
Doral Financial Corporation (NYSE:DRL) (“Doral” or the “Company”) announced today that it had closed the sale of 968,263,968 shares of its common stock, $0.01 par value per share, to Doral Holdings Delaware, LLC (“Doral Holdings”), a newly formed entity in which Bear Stearns Merchant Banking and other investors, including funds managed by Marathon Asset Management, […]
Universal Hospital Services, Inc. (“UHS”), a leading provider of medical equipment lifecycle services to the healthcare industry, announced today that it has completed the transactions to transfer ownership and recapitalize its balance sheet. UHS is now owned by Bear Stearns Merchant Banking (“BSMB”), the private equity affiliate of The Bear Stearns Companies Inc. (NYSE: BSC), […]
Doral Financial Corporation (DRL) (“Doral” or the “Company”) announced today that it has entered into a definitive stock purchase agreement, providing for the sale by the Company of $610 million of Doral common stock for $0.63 per share to a newly-formed entity (“Doral Holdings” or “Holdings”), in which Bear Stearns Merchant Banking (“BSMB”) and other […]
Universal Hospital Services, Inc., (“UHS”) a leading provider of medical equipment lifecycle services, announced today that it has entered into a definitive agreement to be acquired by Bear Stearns Merchant Banking (“BSMB”), the private equity affiliate of The Bear Stearns Companies, Inc. (NYSE: BSC), for total consideration of approximately $712 million. The Company is currently […]
Bear Stearns Merchant Banking (“BSMB”), a leading private equity firm, today announced that it has completed its acquisition of a controlling interest in Alter Moneta (“Alter Moneta”), an equipment finance innovator headquartered in Montréal, Québec with over $1 billion in assets. Founded in 1998, Alter Moneta provides traditional equipment financing in the provinces of Québec […]
Ironshore Inc. announced today that it has raised more than $1 billion through a private placement of its equity securities, and it will begin underwriting specialty lines of insurance immediately through its Bermuda-based insurance subsidiary, Ironshore Insurance Ltd. This newly formed global insurance company was created in response to the crisis conditions in the U.S. […]
Bear Stearns Merchant Banking (“BSMB”) today announced that it has formed an alliance with Daniel W. Porter, an experienced executive in the financial services industry. In this newly formed partnership, Mr. Porter will work together with BSMB in pursuing investment opportunities in the financial services arena, with a particular emphasis on consumer finance opportunities. With […]
Bear Stearns Merchant Banking, the private equity affiliate of Bear, Stearns & Co. Inc., has acquired a significant minority equity stake in debt-buying firm Cavalry Investments LLC, which acquires and then collects distressed consumer loan portfolios. Terms of the transaction were not disclosed. Bear Stearns Merchant Banking has acquired a significant minority interest in Cavalry, […]
Reddy Ice Group, Inc., announced today that its wholly owned subsidiary, Reddy Ice Corporation, has completed the acquisition of Triangle Ice Co., Inc. Triangle Ice is headquartered in Lumberton, North Carolina and operates primarily in North and South Carolina. With annual revenues of approximately $30 million, Triangle Ice has eight manufacturing facilities and one distribution […]