The Swiss government has approved Apax Partners’ acquisition of Orange Switzerland from France Telecom, Reuters reported Friday. Apax said in December that it would pay about 1.6 billion euros ($2.09 billion) to buy the mobile phone operator. (Reuters) – The Swiss competition authority on Friday said it approved buyout firm Apax’s purchase of Orange Switzerland […]
Today's peHUB has the tech stocks that might be in trouble, the newest Kennedy to ascend to Capitol Hill, and the classrooms of the future.
Swedish confectioners Cloetta and Leaf International have merged to create a publicly traded company with sales of $843.5 million (SEK5.7bn). The new group will operate under the brand Cloetta, and investors in Cloetta will hold 42.4% of the combined entity while Leaf shareholders — the private equity groups Nordic Capital and CVC Capital — will […]
360T Group, a Frankfurt, Germany-based multi-asset trading platform, has received an undisclosed amounting of funding from the growth-equity firm Summit Partners, headquartered in Boston. Summit is buying part of its stake in 360T from the Frankfurt-based private equity firm Brockhaus Private Equity, which remains a shareholder. 360T will remain an independent company. PRESS RELEASE: FRANKFURT AM […]
GE Antares, a unit of GE Capital, announced Thursday that it had served as administrative agent on a $142 million senior credit facility to support the acquisition of ThermaSys by Wellspring Capital Management. GE Capital Markets served as sole lead arranger and bookrunner on the deal. PRESS RELEASE GE Antares, a unit of GE Capital, […]
Apollo Global Management has completed its acquisition of Taminco Group Holdings, a producer of alkylamines and their derivatives. The deal was originally announced in December. Terms were not released. -cn PRESS RELEASE Affiliates of Apollo Global Management, LLC (NYSE: APO – News) (collectively with its subsidiaries “Apollo”) announced today that they have completed the previously […]
Bain, Advent and the Blackstone Group emerge as the most active U.S. buyout shops in Europe.
Jacob Ballas Capital, an India-focused private equity fund, has invested 1 billion rupees ($20.29 million) in engineering infrastructure firm DBM Geotechnics and Constructions Pvt Ltd, writes Reuters. Jacob Ballas currently manages about $600 million in India. Reuters – Jacob Ballas Capital, an India-focused private equity fund, has invested 1 billion rupees ($20.29 million) in engineering […]
Thoma Bravo has closed its buy of Blue Coat Systems. A Thoma Bravo-led investor group paid $25.81 a share cash, or about $1.3 billion, for the provider of Web security and WAN optimization solutions. The deal was announced in December. Ontario Teachers’ Pension Plan, through its private investor department, was also an investor. Jefferies provided financing […]
San Francisco-based private equity firm JH Partners has completed the sale of Australian skin care company Jurlique International to Pola Orbis, for an enterprise value of A$335 million ($358 million). JH Partners acquired Jurlique in mid-2006. -cn PRESS RELEASE JH Partners, a San Francisco-based private equity firm and leader in the branded consumer investment space, […]