Eamon

An affiliate of Hellman & Friedman Capital Partners VI LP agreed to acquire Internet Brands Inc. in a transaction valued at about $640 million. Internet Brands’ shareholders will receive $13.35 in cash per share. This bid represents a premium of about 46.5 percent compared with the Internet media company’s closing price on Sept. 17, 2010.

(Reuters) – Two of Tribune Co’s (TRBCQ.PK: Quote, Profile, Research, Stock Buzz) major creditors joined forces to propose an alternative reorganization plan for the troubled newspaper publisher on Friday, saying it could speed up its exit from bankruptcy by putting aside some legal claims for now. The proposal from Oaktree Capital Management LP and Angelo, […]

(Reuters) – Indian conglomerate Sahara India Pariwar is in discussions about buying the debt of struggling film studio Metro-Goldwyn-Mayer for $1.5 billion to $2 billion, according to two people familiar with the matter. The sources did not elaborate on Sahara India Pariwar’s plans for MGM, which has about $4 billion in debt, and stressed that […]

(Reuters) – Danish jewellery maker Pandora on Monday launched an up to $2.16 billion initial public offering of stock, consisting mainly of a big selloff by private owners and marking a further recovery of the Danish IPO market. The offering offers a partial exit to its majority owner, private equity investment firm Axcel, and family […]

(Reuters) – Microchip tester United Test and Assembly Center (UTAC), which was taken over by buyout firms TPG and Affinity Equity Partners in 2007, is seeking to relist in Singapore in an IPO worth as much as $600 million, sources said. Merrill Lynch and UBS are handling the deal and the listing is likely to […]

An investor group led by Gores Group LLC of Los Angeles acquired the Cosmopolis high purity cellulose mill from Weyerhaeuser Co. Financial terms of the transaction were not disclosed. The group includes Dermot Smurfit, a paper and packaging industry veteran.

Catterton Partners sold a controlling stake in its portfolio company Heartland Recreational Vehicles LLC to Thor Industries Inc. for more than $200 million in cash and stock. Heartland will continue to operate under the same name and will maintain its current brand portfolio.

K-Sea Transportation Partners LP completed its agreement with KA First Reserve LLC. K-Sea Transportation sold 2.8 million more convertible preferred units for $15 million. The transactions raised $100 million in exchange for a total of 18.4 million convertible preferred units. KA First Reserve is a partnership between First Reserve and Kayne Anderson Capital Advisors that previously agreed to invest $100 million in K-Sea Transportation Partners L.P. in exchange for the 18.4 million units.

Standard & Poor's assigned its 'A' senior unsecured debt rating to Blackstone Holdings Finance Co. LLC's senior unsecured debt due March 15, 2021. The notes are fully and unconditionally guaranteed by Blackstone Group L.P. and Blackstone Partnerships. S&P said the rating is based on the pure asset-manager business model, stable recurring revenue streams, diverse businesses, a strong balance sheet, and a high level of transparency in the guarantor partnerships.

(Reuters) – Private equity firm Carlyle Group CYL.UL may buy a stake in a hedge fund manager and is looking at raising two new debt funds as well as a $1 billion pool to buy small companies, Bloomberg said. One of the firms Carlyle is talking to has as much as $5 billion in assets, […]