Tag: TriMark USA LLC

Gary Busey vs. Warren Buffett – Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years!

For a  simple quote here is Gary Busey on the subject of “buy low and sell high!” And yes he is not “high” in the video:

QUOTE OF THE WEEK

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” – Warren Buffett

This is a great quote for private equity firms!  And now for deals that private equity firms hope are not 10 year holds!

DEALS THAT CLOSED

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Rueters, and other sources.  Please check company website for best information.

  • General Atlantic has agreed to acquire a 22.8% stake in London-based insurance intermediaryHyperion Insurance Group from 3i Group for an equity value of £250 million.www.hyperioninsurancegroup.com
  • GenNx360 Capital Partners has acquired Horsburgh & Scott Co., a Cleveland–based custom gearing manufacturer. No financial terms were disclosed. Sellers include The Edgewater Funds and Bolder Capital. www.horsburgh-scott.com 
  • Kohlberg Kravis Roberts & Co. has entered into exclusive talks to acquire French fashion brands Maje,Sandro and ClaudiePierlot, according to Reuters. The brands are currently controlled by L Capital Partners and the family of Bernard Arnault, and could be valued at more than €650 million.www.kkr.com
  • Med Opportunity Partners has agreed to acquire Pfanstiehl Laboratories, a provider of specialized products and services for niche pharma and biotech applications, from Ferro Corp. (NYSE: FOE) for up to $24.9 million, including a $16.9 million cash payment. www.medopportunity.com
  • Sequential Brands Group (OTC BB: SQBG) has acquired the IP company that owns consumer lifestyle brands Ellen Tracy and Caribbean Joe. The deal is valued at around $82 million, including $62.3 million in cash and around 2.8 million shares of Sequential common stock. Sequential Brands shareholders include Tengram Capital Partners and Siguler Guff & Co. www.sequentialbrands.com
  • TriMark USA LLC, a portfolio company of Audax Group, has acquired Strategic Equipment and Supply Corp. from Brazos Equity Partners. No financial terms were disclosed. SESC is a Coppell, Texas-based provider of foodservice equipment, supply, and design solutions. www.trimarkusa.com

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Rueters, and other sources.  Please check company website for best information.

Happy Investing and Networking,

JD Morris

JD Morris

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