Starwood Capital Group, TPG Capital and Five Mile Capital Partners have reached an agreement to invest up to USD905m in Extended Stay Hotels as part of a recapitalisation plan that would allow the hotel chain to emerge from bankruptcy. The proposal, which was filed with the US Bankruptcy Court, Southern

Parafin and a private equity firm have both signed a term sheet whereby the private equity firm, based out of Wilmington, Delaware, will commit to purchase up to USD6m of shares of common stock of Parafin. The investor is a private equity firm that invests capital into companies in the

Arsenal Capital Partners, a New York-based private equity firm, has entered into a definitive agreement with Eastman Chemical to sell its portfolio company Genovique Specialties, a provider of benzoate plasticizers. Genovique Specialties is a producer of benzoic acid, sodium benzoate and specialty plasticizers that are performance based solutions for the

Hercules Technology Growth Capital, a finance company providing venture debt and equity to venture capital and private equity-backed technology and life science companies, has acquired all of the assets of Spa Chakra via its newly formed entity Spa Chakra Acquisition. Spa Chakra is a provider of health and wellness care

General Atlantic, a growth equity firm, has taken a significant equity position in Asian Genco, an infrastructure company which has investments in power generation assets in India and in engineering services businesses. GA has made its investment as part of a USD425m investment by a consortium of investors, which also

Private equity firm Bowmark Capital is backing the GBP48m management buy-out of Leaders, a UK residential lettings and property management agency, from property investment and development business RO Group.  The buyout team is led by Leaders’ managing director Paul Weller (pictured right), who has been with the company for 17

Trivest Partners has completed the recapitalisation of Endeavor Telecom, a provider of turnkey installation services to businesses throughout North America. Endeavor’s management team, led by Justin R. McLain (pictured) and Andrew Schroer, will continue as owners in the business and lead Endeavor’s daily operations. Endeavor manages the installation of IT/communications

Investment bank Tully & Holland has sold Linen Source, a direct marketer of bedding and home furnishings, to Golden Gate Capital’s portfolio company Orchard Brands. The terms of the transaction were not disclosed.   Orchard Brands, a USD1.1bn multi-channel marketer of apparel and home products, acquired Linen Source to broaden

Business owners and private equity managers who want businesses valued correctly should buck conventional wisdom and take a more comprehensive approach to valuation. This is the advice of a specialist on valuations who believes that private equity firms and bankers who think mainly in terms of transactions can overlook elements