Reuters News
Blackstone has agreed to buy 69 warehouses in the United States valued at around A$800 million ($820.4 million) from Australia’s Dexus Property Group, Reuters reported Thursday, citing a Bloomberg report. Private equity firm Blackstone owns more than 45 million sq feet of industrial real estate through a Chicago-based company called IndCor Properties Inc, it said. […]
Australian buyout fund Pacific Equity Partners is considering raising its A$711 million ($729 million) offer for services company Spotless Group after securing the bulk of its funding, Reuters reported Thursday. Spotless has been a target for buyout firms for nearly a year. Last May it rejected a A$657 million offer from Blackstone. (Reuters) – Australian […]
Dubai Holding said its private equity arm has reached an agreement with creditors to restructure $2.5 billion of debt, ending nearly two years of talks, writes Reuters. Dubai International Capital, has stakes in British-based budget hotel chain Travelodge and German alumina products maker Almatis. It will extend $2.15 billion of outstanding bank loans by five […]
US healthcare products and medical device maker Covidien is to buy Israel-based Oridion Systems for about $300 million in cash, writes Reuters. Covidien will pay $23 per Oridion share. Reuters – U.S. healthcare products and medical device maker Covidien (COV.N) said it would buy Israel-based Oridion Systems (ORIDN.S) for about $300 million in cash. As […]
Private equity firm Carlyle Group is looking to sell part of its aerospace and defense portfolio company Arinc Inc., more than a year after efforts to sell the company as a whole failed, according to people familiar with the matter. The Annapolis, Maryland-based company consults with the military and designs systems that help airline pilots […]
Reliance Steel & Aluminum Co. has acquired National Specialty Alloys, a specialty alloy processor and distributor of premium stainless steel and nickel alloy bars and shapes, Reuters reported Wednesday. National Specialty Alloys was sold by a consortium of investors including Post Oak Energy Capital, Chesapeake Investments, Solar Capital, CarVal Investors and LRC Speciality. Terms of […]
Swiss technology firm Buehler AG has bought vacuum technology specialist Leybold Optics, from EQT, the private equity firm backed by Sweden’s Wallenberg family, Reuters reported Wednesday. The value of the transaction was not disclosed. (Reuters) – Swiss technology firm Buehler AG has bought vacuum technology specialist Leybold Optics, from EQT, the private equity firm backed […]
Hamburger chain Burger King plans go public through a deal with a London-listed investment firm, less than two years after it agreed to be taken private by private equity group 3G Capital Management. 3G Capital will retain a 71% stake in the company, while Justice Holdings, a shell company that went public in February 2011 […]
Henry Kravis joined Thomson Reuters at PartnerConnect 2012 and called for a tax code overhaul--perhaps not the kind the 99% had in mind, however.
The Facebook-Yahoo! battle drags on, this time with the social network filing a suit alleging its patents were subject to infringement from the Web pioneer.