Australia’s David Jones said a little known UK-based private equity fund had pulled a A$1.65 billion ($1.7 billion) takeover approach for the department store chain, sending its shares plunging and prompting calls for a probe by regulators, Reuters reported Monday. Shares in Australia’s second-biggest department store chain dived as much as 14 percent when they […]
NBGI Private Equity has acquired Horizon Care, a specialist child care provider based in the Midlands in the UK and has committed further funds for expansion. NBGIPE has backed a newly appointed senior management team comprising Thelma Turner as CEO, David Burton as financial director and Stephen Lambert as chairman to join Horizon Care and […]
Energy-focused private equity firm ArcLight Capital Partners is to acquire Blackwater Midstream, a company that specializes in the development and management of third party petroleum, chemical and agricultural bulk liquid storage terminals, with operations in Louisiana, Maryland and Georgia. The business is being sold for approximately $44.1 million. PRESS RELEASE Blackwater Midstream Corp. BWMS +15.09% […]
CVC Capital Partners has acquired majority ownership of global business advisory firm AlixPartners from Hellman & Friedman and Jay Alix. AlixPartners’ 125 managing directors have maintained a considerable stake in the firm, and Jay Alix, who founded the firm in 1981, has maintained a substantial minority stake. Terms of the transaction were not disclosed. PRESS […]
Corinthian Capital Group, a New York-based private equity firm, bought Hamilton Group, a consulting and engineering firm focused on the international oil and gas industry. Terms were not released. Hamilton Group was a portfolio company of ShoreView Industries. D.A. Davidson & Co. advised Hamilton Group on the deal. PRESS RELEASE D.A. Davidson & Co. […]
The mystery UK private equity company behind a takeover approach for Australia’s No.2 department store chain David Jones has said its bid is real, Australian media reported on Monday, Reuters wrote over the weekend. David Jones said on Friday it had received an unsolicited bid from a consortium led by EB Private Equity, a firm […]
360T Group raised an undisclosed amount from Summit Partners, the company announced Friday. 360T Group is a provider of a multi-bank, multi-asset trading platform. Summit Partners acquired a majority stake in the company from shareholders including Brockhaus Private Equity, a German firm. Brockhaus retains a small position and 360T’s management will be the second largest […]
Beauty company Coty Inc. on Friday filed with U.S. regulators to raise as much as $700 million in an initial public offering of common stock, more than a month after it pulled a $10.7 billion unsolicited offer to buy Avon Products Inc., Reuters wrote. Coty is majority owned by German conglomerate Joh. A. Benckiser. Warren […]
Chinese wire maker Fushi Copperweld Inc said it has agreed to be taken private by a group led by its co-chief executive, in a deal valuing the company at about $364 million, Reuters wrote. Co-CEO Li Fu and private equity firm Abax Global Capital will pay Fushi shareholders $9.50 per share in cash, a 21 […]
Consumer-focused growth equity firm Raptor Consumer Partners has made a minority investment in clothing company Nic + Zoe, which sells its women’s apparent in Nordstrom and other specialty retail stores. Terms of the investment were not disclosed. As a result of the financing, John Burns, Managing Director at RCP, will join the company’s board. […]