GE may sell off industrial engine unit to private equity firm Advent International

GE may sell off industrial engine unit to private equity firm Advent International

General Electric may sell a unit that manufactures industrial engines to a private equity firm, The Wall Street Journal reported on Sunday, as part of a wide ranging effort to revitalize the moribund manufacturing giant. The Journal, citing unnamed sources familiar with the matter, said GE could complete a transaction as soon as Monday that would be worth $3 billion or more. Advent International is said to have topped another firm that also bid on…

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Campbell shares soar on report Kraft is interested in buying the soup company

Campbell shares soar on report Kraft is interested in buying the soup company

Campbell Soup’s stock gained more than 9 percent Monday, following a report that Kraft Heinz is interested in buying the soup company. The story, which appeared in the New York Post, did not say whether Kraft Heinz had a hired a bank to explore such interest, a step that often precedes serious attempts at dealmaking. Campbell previously announced a strategic review in which it would leave “no sacred cows,” raising speculation the company could do…

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Former Toys R Us CEO considering a revival of the bankrupt retailer

Former Toys R Us CEO considering a revival of the bankrupt retailer

Jerry Storch, a former CEO of bankrupt Toys R Us, is reportedly considering reviving the toy retailer and has been working with investors and bankers to stitch his plan together. Bloomberg reported Monday afternoon that Storch has been working with Credit Suisse Group as a financial advisor, based on the news outlet’s conversations with people familiar with the situation. Talks have also included Fairfax Financial Holdings, the investment firm that acquired the Canadian unit of…

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Conagra Brands is nearing a deal to acquire Pinnacle Foods

Conagra Brands is nearing a deal to acquire Pinnacle Foods

Conagra Brands is in advanced talks to acquire Pinnacle Foods in a deal that could be announced as soon as this week, sources familiar with the situation told CNBC on Tuesday. A deal price could not be immediately obtained, but it will be financed partially in cash and partially in stock, the sources said. Shares of Pinnacle were up 2.51 percent on CNBC’s report, giving it a market capitalization of $8.10 billion, while shares of…

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Brightview Holdings Inc. IPO (NYSE:BV)

Brightview Holdings Inc. IPO (NYSE:BV)

Brightview Holdings Inc. Symbol: BJ Exchange: BV Share Price: 22.00-25.00 Shares Offered: 21,300,000 Offer Amount: $612,375,000.00 Expected IPO Date: 6/28/2018 Through its predecessors, BrightView commenced operations in 1939 and has grown organically and through acquisitions. BrightView Holdings, Inc. was incorporated in Delaware on November 7, 2013 as Garden Acquisition Holdings, Inc., an entity owned by KKR Sponsor and certain of its affiliates, in connection with the KKR Acquisition. On December 18, 2013, Garden Acquisition Holdings,…

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DOMO, Inc. IPO (NASDAQ:DOMO)

DOMO, Inc. IPO (NASDAQ:DOMO)

DOMO, Inc. Symbol: BJ Exchange: DOMO Share Price: 19.00-22.00 Shares Offered: 9,200,000 Offer Amount: $232,760,000 Expected IPO Date: 6/29/2018 We were incorporated in Delaware in September 2010 under the name Shacho, Inc. In December 2010, we changed our name to “Lightstorm, Inc.” and in July 2011, we changed our name to “Domo Technologies, Inc.” We changed our name to “Domo, Inc.” in December 2011. Our principal executive office is located at 772 East Utah Valley…

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BJ’s Wholesale Club Holdings, Inc. IPO (NYSE:BJ)

BJ’s Wholesale Club Holdings, Inc. IPO (NYSE:BJ)

BJ’S WHOLESALE CLUB HOLDINGS, INC. Symbol: BJ Exchange: NYSE Share Price: 15.00-17.00 Shares Offered: 37,500,000 Offer Amount: $733,125,000 Expected IPO Date: 6/28/2018 BJ’s Wholesale Club Holdings, Inc. is the issuer in this offering and changed its name from Beacon Holding Inc. on February 23, 2018. Our principal operating subsidiary is BJ’s Wholesale Club, Inc., which was previously an independent publicly traded corporation until its acquisition on September 30, 2011, by a subsidiary of Beacon Holding…

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TPG, Rise Fund Acquire Energy Efficiency firm CLEAResult

TPG, Rise Fund Acquire Energy Efficiency firm CLEAResult

The TPG investment fund and its environmental spinoff are banding together to acquire Austin, Texas-based energy efficiency firm CLEAResult for an undisclosed sum. TPG Growth and The Rise Fund are buying CLEAResult from global equity firm General Atlantic. The deal is expected to close later in 2018, pending regulatory approvals and other conditions. CLEAResult was a small firm started up in 2003 which now has hundreds of utility customers across the U.S. The firm focuses…

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AT&T in Talks to Acquire AppNexus Ad Platform

AT&T in Talks to Acquire AppNexus Ad Platform

By Alex Heath AT&T is in talks to acquire the advertising company AppNexus, Cheddar has learned. Privately-held AppNexus operates one of the largest independent ad exchanges, which facilitates the buying and selling of digital ads. The purchase by AT&T would signal the telecom giant’s ambition to challenge the dominance of Google and Facebook in online advertising. People familiar with the talks told Cheddar that the deal is close to being finalized. The price of the…

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Cisco to acquire location-services company July Systems

Cisco to acquire location-services company July Systems

Cisco Systems Inc. CSCO, -0.88% said Tuesday that it plans to acquire privately held July Systems Inc., which makes location-based software. “This acquisition also supports our journey to intent-based networking -a fundamentally new way of building and managing networks for the digital era,” Cisco said in a release. July Systems will be part of the company’s Enterprise Networking Group. Terms of the deal weren’t disclosed. Cisco shares are down 1.4% in premarket trading but up…

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