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Advantage Partners, Bain Capital and Orix Corp. have moved into the final round of bidding for private equity-owned software developer Yayoi, Reuters reported. The deal is worth an estimated $800 million and would provide a strong exit for MBK Partners, which bought Yayoi in 2007.
Pacific Equity Partners has offered to pay $709 million for Australian services firm Spotless Group, Reuters reported. Wednesday. The company reportedly received an offer after the market closed Wednesday. (Reuters) – Australian services firm Spotless Group has received a A$698 million ($709 million) takeover offer from buyout firm Pacific Equity Partners, two sources said on […]
ORIX Leveraged Finance and Chatham Capital have provided debt financing to support the acquisition of Z Wireless by Atlantic Street Capital. ORIX announced that it had closed a combined $23.1 million facility to Z Wireless. Sioux Falls, South Dakota-based Z Wireless markets Verizon Wireless products and services.
Bain Capital Ventures is planning to sell all of the 3.71 million shares it holds in professional networking company LinkedIn Corp., according to a filing with the Securities & Exchange Commission. In total, the company’s early backers and its employees plan to sell a combined 6.7 million shares.
Middle-market buyout shop Altus Capital Partners Inc. has acquired Models & Tools, a designer and manufacturer of tooling systems for the aerospace and defense industries. The firm is making the investment out of Altus Capital Partners II L.P. Terms of the deal were not released.
Clyde Blowers, a U.K.-based buyout shop, is paying 100 million euros ($136 million) to buy Finnish wind turbine maker Moventas, Reuters wrote Tuesday. Moventas filed for bankruptcy for two of its subsidiaries earlier this year, Reuters said.
A group of Eastman Kodak debt investors have hired Blackstone Group as a financial advisor, Reuters reported. The group is seeking to influence how the company handles a restructuring, Reuters wrote, and also recently hired law firm Akin Gump Strauss Hauer & Feld.
Charlotte, N.C.-based private equity firm Falfurrias Capital Partners has invested an undisclosed amount in Dorsey Wright & Associates. Richmond, Va.-based Dorsey Wright provides technical investment research and money management services. Terms were not released.
Neuberger Berman Group has raised $720 million for its NB Crossroads 2010 Fund, which will focus on investing in private equity funds and co-investments alongside buyout shops. Neuberger Berman has offices in New York, Dallas, London and Hong Kong.
CITIC Capital Holdings Ltd. is raising a $600 million property fund to make retail investments in second- and third-tier Chinese cities, Reuters reported Tuesday. The fund, which is partly owned by China’s sovereign wealth fund, held a $225 million first close.