Advertisement
HomeCollectionsPrivate Equity Firm
IN THE NEWS

Private Equity Firm

FEATURED ARTICLES
BUSINESS
By Steve Kilar, The Baltimore Sun | January 2, 2013
Calvert School, the private, pre-kindergarten through eighth grade day school in North Baltimore, announced Wednesday that it has sold its more than 100-year-old distance learning business to a private equity firm. The terms of the sale of Calvert Education Services to an investment group led by the Baltimore-based Camden Partners Holdings LLC were not disclosed. "It has a wonderful reputation as a real leader in both home schooling and online education," said David Warnock, Camden Partners' chairman.
ARTICLES BY DATE
BUSINESS
By Natalie Sherman and The Baltimore Sun | September 22, 2014
A group of investors plans to buy commercial real estate services firm Cassidy Turley and combine it with DTZ, creating a global real estate network, Cassidy Turley said Monday. Terms of the deal, expected to close at the end of the year, were not disclosed. The combined firm, which will use the DTZ brand, represents some $2.9 billion in revenue and more than 28,200 total employees, Cassidy Turley said in a statement. The Cassidy Turley brand launched in 2010, roughly two years after four groups, including former Baltimore-based Colliers Pinkard, joined to create a larger real estate network.
Advertisement
NEWS
May 25, 2012
Your editorial on Mitt Romney's relationship to the private equity firm Bain Capital was not bad ("The Bain of Romney's candidacy," May 23). But while reviewing Mr. Romney's record, let's also look at President Obama's school record (including how his education was paid for and his grades), his leadership and management experiences and his employment history. Not to mention his voting record as a senator (like voting to not increase the debt). Come on, let's be fair. Lyle Rescott, Marriottsville
HEALTH
By Andrea K. Walker, The Baltimore Sun | May 13, 2014
Home-grown Katzen Eye Group has been acquired by a large private equity investment firm based in Los Angeles in a deal the eye care company hopes will help it to expand into a regional — and eventually national — brand. Varsity Healthcare Partners announced Monday it had acquired Katzen, founded as a one-doctor operation in 1968, and will form a new eye doctor group called EyeCare Services Partners Holdings LLC. EyeCare Services Partners will serve as the umbrella organization and Katzen will retain its name locally.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 13, 2010
TeleCommunication Systems Inc. of Annapolis, which specializes in secure mobile communications for military and commercial clients, said Monday it plans to buy Trident Space & Defense LLC, of Torrance, Calif. Trident specializes in engineering and electronics solutions for global space and defense markets. The amount of the deal was not disclosed but TCS said it involved a mix of cash and three million shares of Class A common stock. Trident, which projects revenue of about $40 million for next year, is owned by Admiralty Partners Inc., a private equity firm.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | August 19, 2013
Panda Power Funds, a private equity firm based in Dallas, said Monday that it plans to build and operate a power plant in Brandywine. The natural gas-fueled generating station will be able to supply power to about 859,000 homes in the Maryland-Washington area, the company said. Panda Power said the area's economy is expected to get a $1.2 billion shot in the arm during the construction and first decade of the 859-megawatt plant's operation. Gwen S. McCall, president and CEO of Prince George's County Economic Development Corp., said in a statement that the plant is expected to create up to 800 union construction jobs, 25 jobs to run the plant and 32 indirect jobs related to supporting the facility.
BUSINESS
By Hanah Cho, The Baltimore Sun | December 13, 2010
Baltimore money manager Legg Mason announced Monday the hiring of Peter "Pete" H. Nachtwey as its new chief financial officer. Nachtwey joins the company from private equity firm The Carlyle Group, where he also served as its chief financial officer. Nachtwey replaces C.J. Daley, a 22-year veteran of Legg who left in July for a senior position at a privately held asset manager on the West Coast. Nachtwey also will be a member of Legg's executive committee and will report to Chairman and Chief Executive Officer Mark R. Fetting.
BUSINESS
By Hanah Cho | October 14, 2009
In an effort to raise money to comply with the requirements of intense federal supervision, Baltimore's 1st Mariner Bank said Tuesday it sold 95 percent of its consumer finance unit to a private equity firm for $10.5 million. The sale was the bank's "first and major step" in increasing its capital, Chairman and CEO Edwin F. Hale Sr. said in a statement. But the sale's proceeds are only about half of what the company has said it needs between now and July to meet targets established by regulators.
BUSINESS
By Natalie Sherman and The Baltimore Sun | September 22, 2014
A group of investors plans to buy commercial real estate services firm Cassidy Turley and combine it with DTZ, creating a global real estate network, Cassidy Turley said Monday. Terms of the deal, expected to close at the end of the year, were not disclosed. The combined firm, which will use the DTZ brand, represents some $2.9 billion in revenue and more than 28,200 total employees, Cassidy Turley said in a statement. The Cassidy Turley brand launched in 2010, roughly two years after four groups, including former Baltimore-based Colliers Pinkard, joined to create a larger real estate network.
NEWS
By Hanah Cho, The Baltimore Sun | March 22, 2012
The founder of a payment processing firm in Rockville has filed a $300 million lawsuit against Baltimore-based private equity firm Sterling Partners, alleging that he was fraudulently induced into selling SecureNet Payment Systems. The lawsuit, filed last week in Baltimore City Circuit Court, alleges that SecureNet's founder and chief executive, Marc Potash, was duped into selling a 52 percent interest of his company to Sterling Partners for $56 million in September 2010. The lawsuit says the deal stipulated that Potash was to remain CEO and have day-to-day control but was wrongly fired a year later and was unable to collect millions in installment payments.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | August 19, 2013
Panda Power Funds, a private equity firm based in Dallas, said Monday that it plans to build and operate a power plant in Brandywine. The natural gas-fueled generating station will be able to supply power to about 859,000 homes in the Maryland-Washington area, the company said. Panda Power said the area's economy is expected to get a $1.2 billion shot in the arm during the construction and first decade of the 859-megawatt plant's operation. Gwen S. McCall, president and CEO of Prince George's County Economic Development Corp., said in a statement that the plant is expected to create up to 800 union construction jobs, 25 jobs to run the plant and 32 indirect jobs related to supporting the facility.
BUSINESS
By Steve Kilar, The Baltimore Sun | January 2, 2013
Calvert School, the private, pre-kindergarten through eighth grade day school in North Baltimore, announced Wednesday that it has sold its more than 100-year-old distance learning business to a private equity firm. The terms of the sale of Calvert Education Services to an investment group led by the Baltimore-based Camden Partners Holdings LLC were not disclosed. "It has a wonderful reputation as a real leader in both home schooling and online education," said David Warnock, Camden Partners' chairman.
NEWS
December 19, 2012
Paging Mr. Fezziwig. One might get the notion that Charles Dickens' good-hearted fictional employer was back in business after the announcement this week by a private equity firm, Cerberus Capital Management, that it intends to sell Freedom Group Inc., the company that manufactured the Bushmaster rifle used in the Sandy Hook Elementary School massacre. Was this a sudden case of moral conviction? Meanwhile, Dick's Sporting Goods has suspended sales of semiautomatic rifles at its stores.
NEWS
May 25, 2012
Your editorial on Mitt Romney's relationship to the private equity firm Bain Capital was not bad ("The Bain of Romney's candidacy," May 23). But while reviewing Mr. Romney's record, let's also look at President Obama's school record (including how his education was paid for and his grades), his leadership and management experiences and his employment history. Not to mention his voting record as a senator (like voting to not increase the debt). Come on, let's be fair. Lyle Rescott, Marriottsville
NEWS
By Hanah Cho, The Baltimore Sun | March 22, 2012
The founder of a payment processing firm in Rockville has filed a $300 million lawsuit against Baltimore-based private equity firm Sterling Partners, alleging that he was fraudulently induced into selling SecureNet Payment Systems. The lawsuit, filed last week in Baltimore City Circuit Court, alleges that SecureNet's founder and chief executive, Marc Potash, was duped into selling a 52 percent interest of his company to Sterling Partners for $56 million in September 2010. The lawsuit says the deal stipulated that Potash was to remain CEO and have day-to-day control but was wrongly fired a year later and was unable to collect millions in installment payments.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 13, 2010
TeleCommunication Systems Inc. of Annapolis, which specializes in secure mobile communications for military and commercial clients, said Monday it plans to buy Trident Space & Defense LLC, of Torrance, Calif. Trident specializes in engineering and electronics solutions for global space and defense markets. The amount of the deal was not disclosed but TCS said it involved a mix of cash and three million shares of Class A common stock. Trident, which projects revenue of about $40 million for next year, is owned by Admiralty Partners Inc., a private equity firm.
BUSINESS
By Hanah Cho, The Baltimore Sun | November 15, 2010
Columbia-based Ann's House of Nuts has been acquired by Gryphon Investors, the San Francisco private equity firm announced Monday. Terms of the deal were not disclosed. Ann's House of Nuts is the largest manufacturer and marketer of trail mixes in North America. The company's snacks are sold under the Ann's House, Ann's House of Nuts and Nature's Harvest brands in supermarkets, wholesale clubs and mass retailers, among others. Hanah.cho@baltsun.com
HEALTH
By Andrea K. Walker, The Baltimore Sun | May 13, 2014
Home-grown Katzen Eye Group has been acquired by a large private equity investment firm based in Los Angeles in a deal the eye care company hopes will help it to expand into a regional — and eventually national — brand. Varsity Healthcare Partners announced Monday it had acquired Katzen, founded as a one-doctor operation in 1968, and will form a new eye doctor group called EyeCare Services Partners Holdings LLC. EyeCare Services Partners will serve as the umbrella organization and Katzen will retain its name locally.
BUSINESS
By Hanah Cho, The Baltimore Sun | December 13, 2010
Baltimore money manager Legg Mason announced Monday the hiring of Peter "Pete" H. Nachtwey as its new chief financial officer. Nachtwey joins the company from private equity firm The Carlyle Group, where he also served as its chief financial officer. Nachtwey replaces C.J. Daley, a 22-year veteran of Legg who left in July for a senior position at a privately held asset manager on the West Coast. Nachtwey also will be a member of Legg's executive committee and will report to Chairman and Chief Executive Officer Mark R. Fetting.
BUSINESS
By Hanah Cho, The Baltimore Sun | November 15, 2010
Columbia-based Ann's House of Nuts has been acquired by Gryphon Investors, the San Francisco private equity firm announced Monday. Terms of the deal were not disclosed. Ann's House of Nuts is the largest manufacturer and marketer of trail mixes in North America. The company's snacks are sold under the Ann's House, Ann's House of Nuts and Nature's Harvest brands in supermarkets, wholesale clubs and mass retailers, among others. Hanah.cho@baltsun.com
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.