Date
Target NameTarget SectorSynopsis
4-Jun-13Actuant Corp. - Electrical DivisionManufacturingActuant Corp., a Menomonee Falls, Wisc.-based manufacturer of tools, equipment, and consumables, announced that it was seeking a buyer for its electrical segment. Actuant has retained Robert W. Baird & Co. to run the sale process
5-Jun-13Custom Building Products Inc.ManufacturingKelso & Co. is rumored to be seeking a buyer for portfolio company Custom Building Products Inc, a Seal Beach, Calif.-based manufacturer and wholesaler of ceramic and stone tiles. Barclays plc is running the auction. Kelso made its original investment in Custom in April 2005.
5-Jun-13DaKine Hawaii Inc.Consumer Goods & RetailBillabong International Ltd, is rumored to be seeking a buyer for its DaKine Hawaii Inc uint, a Hood River-based manufacturer, wholesaler and retailer of windsurfing. Billabong bought DaKine in 2008, 29 years after it was founded in Hawaii, for $100 million. For more coverage on Billabong see "Retail Reckoning" and "Once High-Flying Billabong Mulls Sycamore’s $300M Offer After Losses."
5-Jun-13MakerBot Industries LLCManufacturingMakerBot Industries LLC, a Brooklyn, N.Y. manufacturer and wholesaler of 3D printers, was recently exploring options for raising a new round of venture capital valued at $300 million. This reportedly led to suitors expressing interest in buying the company.
4-Jun-13Morgans Hotel Group Co.Real EstateMorgans Hotel Group Co, a New York- based owner and operator of boutique hotels, announced that it was seeking a buyer for the company.
5-Jun-13RVCAConsumer Goods & RetailBillabong is also looking to sell the RVCA unit, a Costa Mesa-based retailer of sports apparel and equipment. Billabong bought RVCA in 2010 for an undisclosed amount. Reports indicate the target is valued at roughly $48 million.
4-Jun-13West49Consumer Goods & RetailBllabong is selling a third unit, West49. The troubled retailer hired investment bank Financo to find buyers. BIllabong is currently in discussions with multiple bidders, including Sycamore Partners Management and Altamont Capital Partners. The company is attempting to sell assets as a means to repay a $350 million syndicated debt facility.
Source: Thomson Reuters