TITLE

Black Diamond Chases PTC Assets

AUTHOR(S)
Davis, Avram
PUB. DATE
October 2009
SOURCE
Mergers & Acquisitions Report;10/12/2009, Vol. 22 Issue 41, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports on the selection of Black Diamond Capital Management LLC as the preferred bidder for auto parts manufacturer PTC Alliance in the U.S. in 2009. According to Stephen H. Deckoff, a managing principal at the private equity firm, they will establish a company with a stronger balance sheet and lower cost structure. Black Diamond will provide a loan to PTC to continue to fund its operating expenses.
ACCESSION #
44679280

 

Related Articles

  • Black Diamond Closer to PTC Alliance Buy. Marino, Jonathan // Mergers & Acquisitions Report;11/23/2009, Vol. 22 Issue 47, p4 

    The article reports that private equity (PE) firm Black Diamond Capital Management is close to buying steel product maker PTC Alliance. It reports that the bid by Black Diamond came closer to fruition following the approval of its 3 million U.S. dollar debtor-in-possession (DIP) loan. As part of...

  • Metal Industry News: BRIEFS.  // Metal Center News;Sep2010, Vol. 50 Issue 10, p50 

    The article offers U.S. news briefs related to the metal trade. The Nichols Wire facility has been acquired by Kaiser Aluminum Corp. Black Diamond Capital Management LLC has purchased assets of PTC Alliance Corp. Two proprietary alloys have been added by MAC Metals Inc. to its collection of...

  • Insight Imaging HQ Bound for Minnesota. Reed, Vita // Orange County Business Journal;6/25/2012, Vol. 35 Issue 26, p1 

    The article reports on Minnesota-based Black Diamond Capital Management LLC's purchase of Orange County, California-based Insight Imaging following the latter's two bankruptcy reorganizations which is expected to be completed in July 2013.

  • Thomson Financial Worldwide Mergers & Acquisitions.  // Mergers & Acquisitions Report;1/5/2009, Vol. 22 Issue 1, p5 

    The article presents a summary of worldwide mergers and acquisitions, including U.S. public merger activity greater than $50 million, private targets greater than $50 million, divestitures greater than $50 million and withdrawal deals greater than $50 million. They include the plan of Black...

  • Bayou Steel to Merge with Black Diamond.  // Metal Center News;Jun2006, Vol. 46 Issue 7, p90 

    The article reports on the merger of Bayou Steel Corp. and Black Diamond Capital Management LLC in LaPlace, Louisiana. Bayou Steel has manufactured merchant and structural bar products and has operated stocking locations in Pittsburgh, Chicago and Tulsa, Oklahoma. While, Black Diamond has an...

  • FOAMEX BECOMES FXI AS EQUITY GROUPS TAKE OVER.  // Urethanes Technology International;Jun/Jul2009, Vol. 26 Issue 3, p3 

    The article reports on the takeover of Foamex International Inc. by MatlinPatterson Global Opportunities Partners III LP and Black Diamond Capital Management LLC. A new company named FXI Foamex Innovations was formed after the takeover on June 16, 2009. It is reported that, Foamex had been in...

  • Foamex revives with new owners, name. McNulty, Mike // Rubber & Plastics News;6/29/2009, Vol. 38 Issue 24, p3 

    The article reports that Foamex International Inc. has emerged from Chapter 11 protection as a privately held company with new owners, Matlin Patterson Global Opportunities Partners III LP and Black Diamond Capital Management LLC and a new name, FXI-Foamex Innovations. MatlinPatterson and Black...

  • BRIEFS.  // Metal Center News;Aug2006, Vol. 46 Issue 9, p50 

    The article offers news briefs related to the steel industry and trade in the U.S. PTCAlliance Corp., manufacturer of welded and cold-drawn mechanical steel tubing and tubular shapes, has emerged from Chapter 11 bankruptcy protection. Metalico Inc., has agreed to acquire the operating assets of...

  • Ligand Pharmaceuticals Reports 1st Qtr Results.  // Biomedical Market Newsletter;5/15/2011, p198 

    The article focuses on Ligand Pharmaceuticals Inc.'s financial results for the first quarter of 2011 and the company's program updates and operating forecast. Ligand Pharmaceuticals president John Higgins says that the company has had a wonderful start to 2011, which was highlighted by its...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics