Kellogg Co. will pay a whopping $2.7 billion in cash to buy the Pringles potato chip brand from Procter & Gamble Co., the company announced Wednesday. The deal will include $2 billion in debt, and Kellog said it would limit its share repurchase program for approximately two years. -cn PRESS RELEASE Kellogg Company (NYSE: K) […]
Talks between Yahoo and China’s Alibaba Group over Yahoo’s Asian assets have come to a stand-still, throwing plans for a $17 billion tax-free asset swap into question, writes Reuters. The hitch in negotiations came on the same day activist investor Daniel Loeb, of hedge fund ThirdPoint, sought to install his own directors on Yahoo’s board, […]
Building Industry Partners, a Fort Worth, Texas-based PE firm focused on the U.S. building products industry, has teamed up with kitchen and bath cabinet industry veterans Terry Dickey and Michael Arnaud to form a new company: United Cabinet Holdings, based in Greensboro, N.C. Dickey has already been appointed CEO; Arnaud is the new entity’s executive […]
Arena Group, an events services business based in Cambridgeshire, England, has raised £16.5 from the London-based private equity group MML Capital Partners and Sports Investment Partners, also of London. Arena plans to use the funding to expand globally, according to its CEO, Greg Lawless. PRESS RELEASE: The Arena Group, the leading international event services company today […]
Audax Group, the Massachusetts-based private equity firm, completed its acquisition of Temro Industries, the Minnesota-based maker of heating and cooling products for engines. Goldman Sachs advised the seller; Kirkland & Ellis LLP served as advisor to the buyer. Debt was provided for the deal by GE Antares and Chase Capital. PRESS RELEASE Audax Group announced […]
Fidelity Growth Partners, the private equity arm of Fidelity Worldwide Investment, along with existing investors have invested 2 billion rupees ($40.6 million) in India’s Aptuit Laurus Pvt Ltd., Reuters reported Tuesday. Aptuit Laurus is a manufacturer of active pharmaceutical ingredients for anti-retroviral, oncological and nutraceutical products. (Reuters) – Fidelity Growth Partners, the private equity arm […]
The Carlyle Group is selling Talaris, a maker of cash-counting equipment, to Glory Ltd. for 650 million pounds ($1 billion), twice the value of its original investment, Reuters reported Tuesday. Glory is a Japan-based maker of money handling machines. The price includes debt held by Talaris, Reuters wrote. Carlyle bought the company, then known as […]
Private equity firm IK Investment is planning a sale of the German industrial weighing specialist Schenck Process, and has enlisted Morgan Stanley to screen the market for potential buyers, Reuters reported. Schenck was acquired by IK from private equity investor HgCapital in 2007 — outbidding rival Capvest — and has been strengthened by three bolt-on […]
Caisse de Dépôt et Placement du Québec and the Government of Singapore Investment Corp. are in the "pole position" to jointly buy AXA Private Equity, according to a report
Accel-KKR has begun raising its next fund, expected to reach $700 million, according to a placement source and an SEC filing.