SPACs sound arcane, but make buckets of money for Indy investors
A nontraditional way to take companies public is booming on Wall Street, leading to an unprecedented explosion of deals.
Deals
Articles
Lilly to help Dutch biotech develop cancer therapies in deal worth up to $1.6B
Merus N.V. specializes is so-called CD3 engaging T-cell therapies, a growing area of cancer research, based on immunotherapy, or using the immune system’s T cells to find and shrink tumors
Carmel-based Delta Faucet to acquire New York-based maker of kitchen, bathroom fixtures
Like Delta, Kraus USA makes sinks, faucets and other accessories for kitchens and bathrooms. Delta also was attracted by Kraus’ strong online retail presence.
Current, former owners of Moe & Johnny’s embroiled in dueling lawsuits
The longtime Meridian-Kessler sports bar and restaurant that announced last month it was closing “until further notice” is at the center of an ongoing legal dispute between the original owner and the new owner, who now wants out of the deal to buy the business.
Simon, partners plan to shake up merchandise mix at J.C. Penney
Simon Property Group, which is expected to acquire J.C. Penney out of bankruptcy with partners in an agreement approved Monday, reported third-quarter results that fell short of Wall Street expectations.
First Merchants to acquire Indianapolis-based Hoosier Trust Co.
Muncie-based First Merchants plans to acquire Hoosier Trust for $3.2 million in a deal that is expected to close early next year.
Indianapolis-based IMH Products acquires Brownsburg manufacturer
IMH said it plans to move Mainstay’s equipment and its 38 employees to its Indianapolis facilities by year’s end. Both companies are in the metal fabrication business.
Software firm Emarsys acquired by German firm
Emarsys, a marketing software company based in Austria, has its North American headquarters in Indianapolis.
Indianapolis personal care products manufacturer Mansfield-King acquired
Founded in 2005 by Charles Haywood, Mansfield-King develops and manufactures products that are sold under its customers’ brand names. The east-side company has 154 employees.
Plainfield-based MD Logistics acquired by Japan-based Nippon Express
MD Logistics says it will keep operating under the same name and does not expect any layoffs or consolidations as a result of the acquisition.
Westgate car dealership to be sold to Hoosier dealer group
The Plainfield business is bucking the trend of local dealerships getting scooped up by large national conglomerates.
Indianapolis-area Popeyes restaurants under new ownership
The new franchisee for the 16 Popeyes locations is Cincinnati-based Gilligan Co., which operates convenience stores and quick-service restaurants including Subway and Dunkin Donuts.
Former Celadon affiliate 19th Capital sold in deal that should save dozens of jobs
Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
Ex-Brightpoint execs plan IPO to raise $100M for new tech firm
Novus Capital Corp. formed last month and is seeking to acquire companies “that are at the forefront of high technology.”
McCammon’s Irish Market acquires Brownsburg garden center
Greg and Lisa Frazee, who opened Frazee Gardens in 2008, will continue to own and operate Brownsburg Landscape Co., which they founded in 1987.
400-unit apartment property in Castleton sells for $36.5M
The sale of the 37-year-old complex near Interstate 69 and 82nd Street gives Muesing Management 19 properties in the Indianapolis area.
Celadon selling Andy Warhol prints as part of bankruptcy
The Warhol screen prints, four brightly colored pieces depicting tractor trailer trucks, hung in the trucking company’s corporate offices.
Tennessee company seeks to buy 20-acre Celadon site
If other bidders emerge for the property, an auction will be held Jan. 22 at the New York City office of Celadon’s bankruptcy counsel, DLA Piper LLP.
Calumet Specialty Products sells San Antonio refinery for $63 million
The San Antonio facility has a throughput capacity of 21,000 barrels a day and produces diesel, jet fuel, gasoline and other jet fuel products.
Wise says restaurant chain’s failure led to personal bankruptcy
Former Scotty’s Brewhouse owner Scott Wise and his wife, Amy, filed for Chapter 13 bankruptcy protection last week in U.S. Bankruptcy Court for the Southern District of Indiana.