PE-backed M&A deal value dropped by 26% in second quarter while dry power falls to $365.7 billion.
British drinks can maker Rexam said on Tuesday it had agreed to sell its underperforming personal care business in two parts for $709 million in cash and return about $580.5 million of the proceeds to investors. Private equity firm Sun Capital Partners had agreed to buy the cosmetics, toiletries and household care division for $459 […]
Private equity group Hellman & Friedman said it will take a majority stake in energy analysis group Wood Mackenzie in a deal that would value the company at 1.1 billion pounds ($1.7 billion), Reuters wrote Tuesday. Vendor Charterhouse will retain a 13 percent interest in the company it acquired in 2009 for 550 million pounds. […]
Atlanta-based Roark Capital Group has acquired QualaWash Holdings, a provider of truck tank and container washing services. Terms of the deal were not released. QualaWash is based in Tampa, Fla. PRESS RELEASE Roark Capital Group, an Atlanta-based private equity firm that invests in environmental services companies, announced today that its affiliate has acquired QualaWash […]
Shareholders selling a controlling stake in Hi-mart Co. refused to extend exclusive negotiations with preferred bidder MBK Partners on Monday, sources with direct knowledge of the matter said on Tuesday, Reuters wrote. Hi-mart said in a regulatory filing on June 25 its major shareholders had picked local private equity fund MBK Partners as the preferred […]
Investec has provided a 27.5 million pounds ($43.1 million) debt structure for Gresham-backed MBO of IESA. The UK-based company is manages maintenance, repair and operating goods expenditure, through integrated supply solutions. PRESS RELEASE Investec provides £27.5m debt structure for Gresham-backed MBO of IESA Investec Growth & Acquisition Finance today announces that it has provided a […]
Private equity can't get any love right now in Washington, D.C.--but LBO pros can still find some LPs willing to chip in for the right team.
The Carlyle Group announced today that it and Sunoco Inc. have agreed to form a joint venture to revamp a major oil refinery in Philadelphia—the oldest and largest on the East Coast—saving some 850 jobs while laying the groundwork for potentially hundreds more, Buyouts reported earlier. The Washington, D.C.-based firm is funding the venture […]
HarbourVest Partners has agreed to buy the private equity portfolio held by Conversus Capital for $1.4 billion, or $22.11 per Conversus unit as of April 30. The deal is expected to hold an initial close during Q4 with subsequent closings occurring throughout 2013. In February, Conversus announced a review of strategic alternatives, including a possible […]
Kennet Partners is looking to raise $350 million with its latest fund.