South Korea’s SK hynix dropped out of the race to buy Elpida Memory Inc., dimming the prospects for a deal that the ailing Japanese chipmaker was counting on to sustain operations and repay creditors. Elpida filed for bankruptcy protection in late February with 448 billion yen ($5.6 billion) in liabilities. SK hynix decided to pull […]
Our Friday morning link-fest includes some Jessica Alba details, personnel news and a QLabs feature.
Nordic Capital, DLJ Merchant Banking Partners and Avista Capital Partners are selling Fougera Pharmaceuticals Inc. to Sandoz, the generics division of Novartis, the firms announced. The deal is valued at $1.5 billion on a debt and cash free basis, the firms said in a statement. Fougera, headquartered in Melville, New York, is a manufacturer of […]
Private equity firm TPG Capital Management has agreed to take a 43% stake in Parkway Properties Inc., which will use the cash infusion to buy the Hearst Tower in Charlotte, North Carolina, from Bank of America Corp. The bank, in turn, has agreed to rent back space in a 10-year lease. The Florida-based real estate […]
Partners Group, the Zug, Switzerland-based investment firm, has acquired Trimco International Holdings on behalf of its clients, for an undisclosed sum. Trimco, founded in 1979, is an Asia-based global provider of a full range of garment labels, tags and trimming products to blue chip global apparel companies. PRESS RELEASE: Partners Group, the global private markets investment […]
French investment firm Sagard has partnered with the president of the French, discount retailer Stokomani and his management team, to acquire Stokomani from the global buyout firm Advent International. The deal — whose terms were not disclosed — is expected to close next month Stokomani, through a network of 37 stores, offers a “large range […]
Swedish private equity firm Altor is acquiring Bure Equity’s stakes in Carnegie Holding, Max Matthiessen and Carnegie Asset Management subject to customary closing conditions, including regulatory approvals. Bure Equity is also a Swedish investment company. PRESS RELEASE: Altor (Altor Fund III GP Limited) has entered into a binding agreement to acquire Bure Equity’s stakes in […]
Carlyle's IPO, in its first day of trade, barely stays above its $22 offer price.
AssuredPartners, which is backed by GTCR, has acquired Insurance Systems Inc. and Insurance Systems of West Virginia. Financial terms weren’t announced. PRESS RELEASE AssuredPartners, Inc., has acquired substantially all of the assets of Insurance Systems, Inc. and Insurance Systems of West Virginia, Inc., based in Ona, West Virginia. Insurance Systems, Inc. is a full service […]
The $237 billion California Public Employees’ Retirement System has reaped a 2.9x gain from its 4.2 percent stake in The Carlyle Group upon the firm’s initial public offering on Thursday, according to an exclusive analysis by Buyouts, peHUB's sister magazine, based on a California Public Records Act request.