Imperial Parking Corporation (“Impark”), one of North America’s leading parking operators, today announced it has completed the acquisition of City Center Parking, a parking management company based in Portland, Oregon. City Center Parking operates 198 parking facilities in Portland and Salem, Oregon, and Vancouver, Washington. The terms of the transaction were not disclosed. Continue reading
CITY OF INDUSTRY, Calif. and AZUSA, Calif., Dec. 12, 2012 (GLOBE NEWSWIRE) — Markwins International Corporation (“Markwins” or the “Company”) announced today that it has acquired all of the outstanding securities of Physicians Formula Holdings, Inc. (Nasdaq:FACE) (“Physicians Formula”) for $75.0 million or $4.90 per share in cash. Physicians Formula stockholders also received a special 3 1/2 cent per share dividend as part of the transaction. The $4.90 per share price represents a premium of approximately 33% to Physicians Formula’s closing stock price on August 14, 2012 (the trading day prior to the announcement that Physicians Formula entered into a merger agreement with affiliates of Swander Pace Capital) and a premium of approximately 40% to Physicians Formula’s one-month volume-weighted average price as of that same date. Continue reading
Buffalo, N.Y. – Rich Products Corporation has announced three important additions to its portfolio, acquiring two food companies – Goglanian Bakeries Inc. and f’real® foods LLC; and entering into a joint venture – Twin Star Bakery, with business partner The Stolbun Group.
“The acquisitions of Goglanian Bakeries and f’real foods, and establishment of our Twin Star joint venture, are consistent with our ongoing commitment to shape and reshape our diverse portfolio to keep Rich’s focused on a path of long term growth,” said Bill Gisel, Rich’s President and Chief Executive Officer. Continue reading
Digital advertising firm RGM Group on Wednesday announced closing $21 million in funding from Riordan, Lewis & Haden Equity Partners. The Los Angeles-based company plans to use the new investment capital to ramp up its national sales force and technology development efforts.
In connection with the funding, RGM named former FastClick CEO Kurt Johnson as its new chief executive, succeeding founder Kamran Razavi. Razavi will assume the newly created role of chief strategy officer at RGM. Continue reading
Torrance, CA – On behalf of the employees, management team and ownership of Edelbrock LLC and its affiliates, Edelbrock is pleased to announce that Industrial Opportunity Partners (“IOP”), a Chicago-based private equity firm, has made an investment in Edelbrock.
“This new partnership comes at a time in the automotive industry that puts Edelbrock in a prime position to capitalize on the ever-strengthening economy”, stated Edelbrock Chairman, Vic Edelbrock. “We’ve weathered the economic storm and constraints of the fragile banking system over the past eighteen months, never losing sight of our commitment to innovation and quality for our customers. The investment from IOP will allow us to continue to expand this focus on developing new and exciting products, such as our supercharger line, across a wide range of applications.” Continue reading