Henry Kravis, co-chairman and co-CEO of KKR, was interviewed at Thomson Reuters’ PartnerConnect 2012 conference on April 3 by Stephen Adler, editor in chief of Reuters News. Here is a video of the 38-minute interview, followed by some snippets of what Kravis had to say about a host of topics. Humble Beginnings When KKR started […]
Private equity headlines dominated the news at peHUB this week, with revelations about big fundraisings, returns data and soup deals occupying your time. Check out this week’s Top 10 posts from peHUB.com.
TSG Consumer Partners said late Thursday that it has agreed to sell Yard House USA to Darden Restaurants. The deal is valued at $585 million. Irvine, Calif.-based Yard House is a bar and grill operator with more than 39 restaurants spread across 13 states, according to press reports. Darden owns the Olive Garden and Red […]
As an add-on to existing portfolio company Pareto, the Riverside Company has acquired The Promotional Specialists, a supplier of promotional products. Terms of the deal were not released. Both Pareto and Promotional Specialists are based in Toronto. PRESS RELEASE The Riverside Company has acquired The Promotional Specialists (TPS), a supplier of promotional products for a […]
An infrastructure fund manager that has severed ties with bailed-out insurer American International Group is in advanced discussions to buy Veolia Environment SA‘s U.S. waste management business, in a deal that could be valued at as much as $2 billion, Reuters reported Friday. Highstar Capital, owner of waste management businesses in the U.S. Northeast and […]
Debt-laden Chinese shipping and oil storage firm Titan Petrochemicals Group Ltd., facing a lawsuit seeking its liquidation from Warburg Pincus, is in “active discussions” to sell a controlling stake. Warburg Pincus, which holds a stake of around 10%, filed a petition in a Bermuda court earlier this month seeking a winding up of Titan, whose […]
One of Canada’s largest pension funds has agreed to buy a majority stake in Norwegian outdoor clothing brand Helly Hansen from Nordic private equity firm Altor. The Ontario Teachers’ Pension Plan — better known simply as Teachers’ — said on Friday it was buying roughly 75 percent of the Nordic company, which designs and markets […]
U.S. private equity firm Bain Capital is in advanced talks with the Government of Singapore Investment Corp. to make a joint bid for a 40 percent stake in IT outsourcing company Genpact for $1.5 billion to $2 billion, three sources with direct knowledge of the matter said. Private equity firm Apax Partners is also competing […]
The Friday First Read has Barclays' Diamond looking for help, Penn State needing some serious legal advice, and where Harvard is lagging its Ivy competitors.
H.I.G. Capital, the private equity investment firm, has announced that its Connorsville, Indiana-based portfolio company, Stant, maker of highly engineered vapor and fluid control components, has acquired a majority interest in the Seoul, South Korea-based company Pyongsan-FT, which will be renamed Stant Korea Corporation. Pyongsan supplies HVAC equipment to the global automotive market. Terms of the […]