China Auto Rental, a company boasting of a fleet of more than 10,000 in China’s fast-growing car rental market, has postponed plans for a U.S. IPO, citing “capital market conditions,” without elaborating further yesterday. The company, backed by Beijing-based Legend Holdings (parent of Hony Capital), had hoped to raise $137.5 million. REUTERS NEWS: China Auto […]
Globeleq, a London-based emerging markets power company owned by CDC Group (managed by the emerging market investor Actis), has acquired the 44 MW Eolo wind project in Nicaragua, which is in the final stages of its submission as a Clean Development Mechanism (CDM) under the Kyoto Protocol; the title will enable it to earn carbon […]
Walt Disney, Comcast Corp. and News Corp are buying Providence Equity's 10% stake in Hulu, according to a report.
Arsenal Capital generated 4x its invested capital with the sale Novalyte. That should bolster the firm's effort to raise a third fund.
Cleveland-based lithium batteries component maker Novolyte Technologies has been acquired by BASF, providing New York-based private equity firm Arsenal Capital Partners an exit. The company carved Novolyte out of Ferro Corp. in 2008; specifics of the deal were not publicized. PRESS RELEASE: NEW YORK, April 26, 2012 – Arsenal Capital Partners, a leading New York-based […]
AMETEK, the listed, Pennsylvania-based electronic instrument manufacturer, will buy acquire the parent company of Dunkermotoren GmbH from European PE firm Triton. Specifics of the deal were not publicized but Dunkermotoren, based in Germany, has anticipated 2012 sales of about $200 million. PRESS RELEASE: BERWYN, Pa., April 26, 2012 AMETEK, Inc. (NYSE: AME) today announced that […]
Boeing, the listed, Seattle-based technology and defense firm, is buying Inmedius, a provider of software applications and services for content sharing. Specifics of the transaction and Inmedius backers were not immediately available. PRESS RELEASE: SEATTLE, April 26, 2012 — Boeing [NYSE: BA] today announced that it has signed an agreement to acquire Inmedius, a provider […]
PLC Holding of France bought Wisconsin Oven Corp., a maker of industrial ovens for aerospace, automotive and other industries. Specifics of the deal have not been disclosed. PLC Holding holdings now stretch into India, China, France, Romania, Germany and the US. PRESS RELEASE: PLC Holding of France has acquired Wisconsin Oven Corporation, a leading American […]
UK mid-market private equity firm Graphite Capital is investing £21 million ($34 million) in Rex Restaurant Associates. The London-based Rex chain was set up in 2003. PRESS RELEASE Graphite Capital, the UK mid-market private equity specialist, is investing £21 million ($34 million) in Rex Restaurant Associates Limited (Rex), the company owned by Chris Corbin and […]
Carlyle has ramped up efforts to market its shares to investors with its founders trying to differentiate the private equity giant from rivals such as Blackstone and KKR, writes Reuters. Carlyle is looking to raise $701.5 million to $762.5 million as it goes public, valuing the company at as much as $7.61 billion. Pricing for […]