The Motherwell-based company said it had completed a "secondary" management buyout with Arlington Capital Partners.
The firm was taken over last March in a management buyout by founder and chairman, Malcolm Walker.
He led a management buyout of the firm in 1989, only to take the company public again three years later.
Leitner, who became CEO in 1994, teamed up with a group of private equity companies including Carlyle Group to lead a management buyout in 1999.
He said the management buyout - backed by an investor syndicate - would not have gone ahead if they did not have faith in the business.
The deal is the third management buyout since it was bought from Six Continents, then known as Bass, by PPMV and Royal Bank Development Capital in 1997.
Chief executive Craig Gallagher, who led the original management buyout of the company from engineering group Motherwell Bridge in 2007, will be chief executive of the enlarged business.
"There were serious concerns at the beginning of the year that the company would cease to operate, but this management buyout should guarantee the future of the business for years to come, " he said.
NeuStar, the 1999 management buyout from Lockheed Martin that acts as a third-party administrator of 160 million North American phone numbers (so one phone can reach another), is angling to be a digital-ID custodian.
Wahlstrom says the company meets the requirements for a leveraged buyout or management buyout, chiefly positive free cash flow and low financial leverage, and says it is "more likely than not" that a buyout will happen.
Team boss Ross Brawn sealed their survival with a management buyout in early March, ensuring most employees initially stayed to help rebuild a fresh team after the under-performing Japanese outfit pulled out of the sport because of the global financial crisis.
Mr. Sokol began to weigh a management-led buyout, and broached through a go-between the idea of doing a deal with Berkshire.
Under the current buyout proposal, management and Silver Lake stand to receive all of the future upside while denying shareholders, who have paid to reposition the Company, the opportunity to reap the rewards of our investment.
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The deal had already established its roots when buyout shop Oaktree Capital Management purchased the bonds of Classic Cable, which owned small rural cable systems in places like Arkansas and was heading for bankruptcy.
Potential buyers doubted they could make money on a Dell buyout, directors lost faith in management financial projections, and PC sales fell faster than the board expected, said the people involved in the negotiations.
Acconci Trust claims in its complaint that in 2004 it purchased on the secondary market a 31.24% stake in Lincolnshire Equity Fund, a leveraged buyout investment fund set up by Lincolnshire Management in or around 1994.
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But now speculation is swirling that certain investor groups are eyeing Midas (MDS) as a buyout candidate, including a private equity capital management firm, one large hedge fund, and a major company engaged in auto-related businesses.
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The company now is recommending that its high-powered investors agree to a buyout from a group including Brookfield Asset Management Inc.
Moody's Investors Service estimates the size of his stake at 37%, versus a 60% stake held by Rizvi Traverse Management, the private equity firm that backed him in the buyout. (Playboy Chief Scott Flanders owns the remaining piece.) A Playboy spokeswoman declined to comment.
The billionaire said in his regulatory filing that he plans to speak to management about increasing shareholder value, including the possibility of a leveraged buyout.
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By changing to product segment reporting going forward, but not providing this information for the period just ended, we believe management is intentionally emphasizing declining PC sales in order to justify its inadequate buyout price.
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Stephen Feinberg's Cerberus Capital Management is walking into the union buzz saw with its Chrysler Group purchase just as the buyout business is set to become a political hot potato.
Southeastern Asset Management, known for smart, contrarian stock picking, would suffer from the cheaply priced Dell buyout.
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His 12-employee management firm, Cequel 3, which currently operates three companies, is run just like a buyout shop, with one big difference: He avoids raising cash from lots of investors.
The heads of private equity giants KKR ( KKR), Apollo Global Management ( APO) and The Blackstone Group ( BX) all earned their stripes and built buyout skills working in the investment banking units of Wall Street mainstays before breaking out to master the art of the buyout.
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