Olivia's Feed
Apr 15, 2014

Exclusive: Surgical device maker ConMed Corp explores sale of company – sources

By Soyoung Kim and Olivia Oran

(Reuters) – ConMed Corp, a surgical device maker that has been fighting off activist investors, is exploring a sale and has contacted large medical device companies to gauge their buyout interest, people familiar with the matter said on Tuesday.

Utica, New York-based ConMed, which has a market capitalization of just over $1.2 billion, has been under pressure since late last year from activist investors who took issue with the company’s performance and corporate governance.

Apr 15, 2014

Surgical device maker ConMed Corp explores sale of company -sources

April 15 (Reuters) – ConMed Corp, a surgical device
maker that has been fighting off activist investors, is
exploring a sale and has contacted large medical device
companies to gauge their buyout interest, people familiar with
the matter said on Tuesday.

Utica, New York-based ConMed, which has a market
capitalization of just over $1.2 billion, has been under
pressure since late last year from activist investors who took
issue with the company’s performance and corporate governance.

Apr 14, 2014

Investors support deals spree, happy to see U.S. companies buy growth

NEW YORK (Reuters) – After years of responding to shareholder calls for stock buybacks and dividends, major American companies are hearing a different demand from investors: buy growth.

In a low-growth economy in which earnings gains have trailed a run-up in share prices, investors are ready to endorse big deals if that’s what it takes to boost revenue and profits.

Apr 11, 2014

Issuers, bankers take a step back as investors get choosy

April 11 (Reuters) – Ally Financial Inc wanted the
U.S. government sell its entire 36.8 percent stake in the auto
lender on Thursday, but the IPO market wouldn’t cooperate so it
had to settle for less.

It’s the kind of calculation that many issuers and their
bankers are increasingly having to do as they watch the mood in
the market change to caution from exuberance, to selective
interest in high-quality companies from enthusiasm for just
about any hopeful entity that stumbled onto an exchange.

Apr 11, 2014

Exclusive: Michael Foods near $2.5 billion sale; in talks with Tyson, Post – sources

NEW YORK (Reuters) – Michael Foods Group Inc is in advanced talks to sell itself for close to $2.5 billion, with Tyson Foods Inc (TSN.N: Quote, Profile, Research, Stock Buzz) and Post Holdings Inc (POST.N: Quote, Profile, Research, Stock Buzz) emerging as final contenders to clinch a deal, people familiar with the matter said on Friday.

A transaction is expected to come in the next two weeks for the egg and dairy products producer, which has been put up for sale by Goldman Sachs Group Inc’s (GS.N: Quote, Profile, Research, Stock Buzz) private equity arm, the people said.

Apr 11, 2014

First Choice Emergency hires Goldman, Deutsche for IPO -sources

NEW YORK (Reuters) – First Choice Emergency Room has tapped Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) and Deutsche Bank AG (DBKGn.DE: Quote, Profile, Research, Stock Buzz) to prepare an initial public offering that could come in the second quarter of this year, people familiar with the matter said on Friday.

First Choice, the largest freestanding emergency room network in Texas and backed by private equity firm Sterling Partners, is the latest in a string of private equity-owned healthcare services companies looking to go public this year.

Apr 9, 2014

Premium pet food company Freshpet taps banks for IPO: sources

By Olivia Oran and Greg Roumeliotis

(Reuters) – Freshpet LLC, maker of a healthy variety of cat and dog food, has selected Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) and Credit Suisse Group AG (CSGN.VX: Quote, Profile, Research, Stock Buzz) to lead an initial public offering by the end of the year, two people familiar with the matter said on Wednesday.

Freshpet’s plans to go public come amid a wave of IPO and mergers and acquisitions activity in the “premium pet food” sector, driven by rising pet ownership and an increase in pet food spending.

Apr 9, 2014

El Pollo Loco picks Jefferies, Morgan Stanley for IPO: sources

By Olivia Oran and Greg Roumeliotis

(Reuters) – El Pollo Loco Inc has selected investment banks Jefferies Group LLC and Morgan Stanley to lead an initial public offering of the private equity-owned fast-food chicken chain later this year, according to people familiar with the matter.

The move makes El Pollo Loco the latest among several private equity-backed restaurant chains hoping to go public this year amid strong demand by stock market investors hungry for exposure to the fast-growing casual dining sector.

Apr 7, 2014

Home improvement retailer Floor and Decor eyes IPO: sources

By Olivia Oran and Greg Roumeliotis

(Reuters) – Floor & Decor’s private equity owners are planning an initial public offering later this year and are preparing to interview banks in the next few weeks, people familiar with the matter said on Monday.

Floor & Decor, a flooring and tile products retailer, is owned by private equity firms Ares International LLC and Freeman Spogli & Co.

Apr 2, 2014

Freeman Spogli, Investcorp to buy Totes Isotoner: sources

NEW YORK (Reuters) – Buyout firm Freeman Spogli & Co and Bahrain-based investment company Investcorp INVB.BH have agreed to acquire Totes Isotoner Corp, the world’s largest marketer of umbrellas, gloves and rainwear, people familiar with the matter said on Wednesday.

The deal values Totes Isotoner at between $500 million and $600 million, the people said. The company is being sold by private equity firm MidOcean Partners, which acquired Totes Isotoner in 2007 in a $288 million deal.