Reuters News
PT MNC Skyvision, Indonesia’s largest pay TV provider, has reinitiated a plan to raise $300-$400 million via an initial public offering in June, Reuters reported Friday. The company, a unit of media group PT Global Mediacom, plans to sell a 20-30% stake to the public while several anchor investors, including U.S private equity firm Saban […]
Film producer Peter Guber has joined the bid for the Los Angeles Dodgers baseball team as part of a group led by Magic Johnson, Reuters reported, citing the Los Angeles Times. The baseball team filed for bankruptcy protection in June last year. It owner, real estate developer Frank McCourt, has been evaluating prospective bids for […]
Tour operator Thomas Cook has received at least eight bids, including private equity firms Kohlberg Kravis Roberts and Carlyle Group, for buying the company’s stake in its Indian unit, writes Reuters. The UK-based company last month said it planned to sell its 77 percent holding in Thomas Cook (India) to help bring down debt. Reuters […]
NDS, a software developer for multi-channel television networks, is mulling an acquisition by Cisco Systems for $5 billion, Israel’s Calcalist financial newspaper reported on Thursday, writes Reuters. Founded in Israel in 1988 and headquartered in London, NDS is 51 percent owned by the Permira and 49 percent by News Corp. Reuters – NDS, which develops […]
Casino operator Galaxy Entertainment Group saw its 2011 net profit rise three fold, writes Reuters. Galaxy, about 13 percent owned by European private equity firm Permira, reported a full-year net profit of HK$3.0 billion, compared with a forecast of HK$3.3 billion from Thomson Starmine. Reuters – Casino operator Galaxy Entertainment Group Ltd said on Thursday […]
Private equity firm Carlyle Group filed with US regulators to add 18 underwriters to the list of managers of its proposed initial public offering, writes Reuters. The company added Barclays Capital, Goldman Sachs, Morgan Stanley, Deutsche Bank, BoFA Merrill Lynch, UBS and 12 others to its underwriters for the IPO. Reuters – Private equity firm […]
Allison Transmission Holdings has sold more shares than expected in a $600.3 million initial public offering that priced within range on Wednesday, writes Reuters. The Indianapolis-based maker of automatic transmissions for trucks, buses and military vehicles was sold by General Motors to private equity firms Carlyle and Onex in 2007 for $5.6 billion. Reuters – […]
South Korea’s LIG Group is auctioning up to 49 percent stake in its unlisted defence unit in a deal that could raise up to $400 million, writes Reuters. The auction is being pitched to private equity firms and strategic investors, according to sources. Reuters – South Korea’s LIG Group is auctioning up to 49 percent […]
National Australia Bank has sold its entire A$86 million ($90 million) exposure in Nine Entertainment, writes Reuters. Nine’s owner, CVC Capital Partners, is fighting to retain control of the business as hedge funds led by Oaktree Capital and Apollo Global Management, circle, says Reuters. Reuters – National Australia Bank has sold its entire A$86 million […]
The healthcare space--despite lingering uncertainty over how U.S. legislation will be executed--continues to get interest from PE firms. This time, it is TPG Capital.