PE Firm General Atlantic Sells Its Stake in SnapAV

BREAKING NEWS SnapAV announced today that General Atlantic, its private equity partner, has sold its ownership interest in the company to San Francisco-based Hellman and Friedman, another private equity group. The move, while unexpected, is not unusual in the world … Continue reading

Toshiba Machine Buys Its Independence from Toshiba

You know things aren’t going well when divisions of your own company want to break the chains of their association with you. That is essentially what happened when Toshiba Machine “bought” its independence by buying out the shares of its … Continue reading

Toshiba Announces ‘Substantial Doubt’ on Ability to Continue

An Industry Giant Stumbles, Then Falls; Can It Get Back Up? Toshiba, once the embodiement of Japanese industrial might offering everything from rice cookers to nuclear reactors, has released financial results for the first three quarters of the current fiscal year … Continue reading

As We Suspected, The Deal is Off Between LeEco & Vizio

Less than a week after we questioned whether Chinese manufacturer LeEco would be able to actually complete its proposed $2 billion acquisition of Vizio, we received a note from a Vizio-connected official, saying that “the merger agreement to acquire Vizio … Continue reading

After 28 Years, Tribeman is Out at Atlantic Technology

BREAKING NEWS We have confirmed that Peter Tribeman, one of the founding partners and long time President of Atlantic Technology International, will leave the company at the end of this month. It is the end of a 28-year career there and, … Continue reading

Radio Shack’s 2nd Bankruptcy in 2 Years; The Era of The Gadget is Over

In yet another clear sign that the era of the gadget is over, once prodigious gadget-seller Radio Shack files for bankruptcy on Wednesday…again. This is the second bankruptcy filing for the company in just two years. A strategy of partnering with … Continue reading

Nortek Parent Melrose Reports Higher Margins & Sales

Melrose Industries PLC, an engineering turnaround company that recently acquired Nortek, Inc. (parent company of Core Brands) announced last week that it sees margins improving at Nortek already, even though it only acquired the company just last year. Not only … Continue reading

Gibson Brands Successfully Refinances Significant Debt

B. Riley & Co., a full service investment bank, announced the closing of a series of refinancing transactions that have completely restructured the outstanding significant debt of Gibson Brands, Inc. Gibson, as we have reported on regularly, entered the consumer … Continue reading