bankruptcy

New On The Block Siemens Healthineers is chatting with major private equity firms about a potential sale of its diagnostics business. According to Bloomberg, Blackstone, CVC, KKR, and Montagu are interested. The segment is valued at over €6 billion ($7 billion). The company’s imaging and...

New On The Block Safran (PARIS:SAF) has a few assets on the auction block. First, the French aerospace and defense group is considering a divestiture of its aircraft interiors business. The Financial Times expects the deal could fetch €1.5 billion. Separately, the company is seeking a sale of its...

Spirit Airlines has filed for bankruptcy protection for the second time in less than a year, underscoring the company's continued financial The ultra-low-cost carrier said deeper restructuring measures are now unavoidable. Spirit's return to bankruptcy court reflects ongoing challenges tied to high...

Spirit Aviation Holdings, Inc. (AMEX:FLYY) shares plummeted in Friday’s after-hours session following a report that Spirit Airlines is getting ready to file for bankruptcy again. FLYY stock plummets. See the real-time price action here. Bankruptcy #2 The bankruptcy filing comes less than...

New On The Block Bain Capital's Chindata China data center business boasts a valuation of about 30 billion yuan ($4.2 billion). Bloomberg reports that the potential buyers include Range Intelligent Computing, ByteDance, Guangdong HEC, Youzu Interactive, Beijing Capital and Inesa Group. Discussions...

New On The Block OpenAI isn’t for sale. However, a $97.4 billion offer is hard to ignore. That’s the number Elon Musk asked fellow billionaire Mark Zuckerberg to help him reach to buy the parent company of ChatGPT. Neither Zuckerberg nor Meta Platforms, Inc. (NASDAQ:META) ultimately...

New On The Block Francisco Partners is reportedly testing the waters for a multibillion-dollar sale of BeyondTrust Software. This Georgia-based cybersecurity firm has about $500 million in annual recurring revenue and could command a price anywhere from five to 20 times sales. The sale process is...

New On The Block Performance Food Group (NYSE:PFGC) is typically the buyer in deal talks, having recently inked the $1.8 billion acquisition of Cheney Brothers, a move aimed at expanding its distribution reach. Recently, it’s been a target. US Foods (NYSE:USFD) made a takeover approach,...

New On The Block MEG Energy is officially on the auction block, and the oil sands drama is heating up like a rig in August. According to the Financial Post, the $6.8 billion company has set a Monday deadline for bids. Cenovus Energy is in the lead, despite still lugging around an immense amount of...

New On The Block Tylenol and Listerine maker Kenvue Inc. (NYSE:KVUE) just named board member Kirk Perry as interim CEO, replacing Thibaut Mongon, as part of a strategic review to boost shareholder value. The company, once a part of Johnson & Johnson (NYSE:JNJ) and now a top-five favorite in...

New On The Block Abry Partners hired JPMorgan Chase to find a buyer for physician social network Sermo, Axios reports. Bids are expected to be between $600 million and $800 million. Boston-based Abry first invested in Sermo in 2019. Verint Systems Inc. (NASDAQ:VRNT), a provider of call center...

Del Monte Foods, a 138-year-old titan in canned fruits and vegetables, filed for Chapter 11 bankruptcy on July 1 in the U.S. Bankruptcy Court for the District of New Jersey, aiming to restructure its finances and pursue a sale of its assets. What Happened: The company, known for brands like Del...

New On The Block Bahama Breeze may soon be gone with the wind. Darden Restaurants (NYSE:DRI) is considering selling the Caribbean-inspired chain or repurposing all its locations. The decision comes after Darden closed 15 Bahama Breeze restaurants in May, leaving just 28. Guru Focus reported that...

New On The Block Spanish La Liga club Getafe is considering a sale, per The Telegraph. On the buyside is Fenway Sports Group (FSG), the Boston-based firm led by billionaire John W. Henry. FSG already owns Liverpool FC, the Boston Red Sox and Pittsburgh Penguins. Ángel Torres, Getafe's current...

New On The Block Bankers say these biscuits are worth billions. The $1.5 billion asking price for Bojangles, the fried chicken and biscuit fast-food chain, is about triple what private equity firms Durational Capital Management and TJC paid in 2019—just four years after the chain went public....