Opera Software shares soared over 20% on Tuesday on talk Facebook Inc. was in discussion to buy the firm, while analysts said competition from Google and others could push the price tag of any deal over $1 billion. Shares of Oslo-listed Opera, coveted for its advanced mobile phone software technology, jumped as much as 26 […]
As you're heading to the beach this weekend, here's a slideshow of the week's top 5 private equity-backed M&A deals.
The Steinbrenner family is reportedly considering selling the Yankees. But don't expect PE to be all that interested.
Makers of toilets and taps are sizing up Finnish rival Sanitec, put on the block by private equity group EQT with a price tag of up to 1 billion euros ($1.3 billion), Reuters reported. Spanish family-owned group Roca, Japan’s JS Group Corp. and Turkey’s Eczacibasi Holding, which has joined forces with private equity firm KKR, […]
Dell Inc. is in talks to buy Quest Software Inc., which had earlier agreed to be bought by Insight Venture Partners for $2 billion, Bloomberg reported, quoting sources. Quest said earlier this month it had received multiple alternative proposals during its go-shop period following the offer from the private investment firm. (Reuters) – Dell Inc […]
Women’s apparel retailer Talbots Inc. said Sycamore Partners, with which it has been in exclusive talks for a buyout, is not prepared to execute a deal at this time. Talbots said it remains open to pursuing a transaction with Sycamore at $3.05 per share pursuant to an acceptable merger agreement, Reuters reported Friday. (Reuters) – […]
German chemicals firm Evonik is pressing ahead with plans to list in Frankfurt, despite the euro zone debt crises and the debacle over Facebook’s market debut, in what could be Europe’s largest initial public offering in more than a year, Reuters reported Friday. Evonik is owned by the RAG foundation and private equity firm CVC. […]
Lehman Brothers Holdings Inc. said it has bought the remaining 26.5% of apartment company Archstone that it doesn’t already own from Barclays Capital and Bank of America Corp., paying for $1.58 billion. The last slice of Archstone was critical to Lehman in order to block real estate investment trust Equity Residential from controlling Archstone’s fate, […]
Our final First Read before the holiday weekend includes a killer confession, an octogenarian's PE shop, and JP's risk overseers.
CapMan, a private equity firm with offices in the Nordic countries and Russia, and Tokmanni Group, a large discount retailer in Finland, have agreed to sell Tokmanni (of which CapMan owned 52%) to Nordic Capital Fund VII. PRESS RELEASE: Funds managed by CapMan and the other owners of Tokmanni Group have signed an agreement to sell 100% […]