Indian conglomerate Sahara India Pariwar Ltd made an unsolicited $600 million offer to acquire the landmark Plaza Hotel in New York, Reuters reported, citing news in the Wall Street Journal. The deal would need the approval of Israeli-owned El Ad U.S. Holding Inc and their partner in the hotel, Kingdom Holding Co, controlled by Saudi […]
Ferrovial-owned BAA will extend the bid deadline for its sale of Edinburgh Airport beyond the end of this week to give one of the bidders more time, according to Reuters. Global Infrastructure Partners – an investment fund founded by Credit Suisse and General Electric, which owns London’s Gatwick and City airports – and a JP […]
CVC Capital Partners has set a Friday deadline for banks hoping to play a role in Formula One‘s Singapore IPO, sources told Reuters on Tuesday, in a sign that the process for the roughly $1.5 billion IPO is formally under way, with plans for a July listing. CVC, which owns 63.4% of F1, is looking […]
What? You didn't hear? Facebook just acquired the photo-sharing app Instagram for, like, a billion dollars. The Empire State's IPO set-up has some of its investors feeling rankled. And Manhattan's tallest residences!
There’s been some pretty grim data on global M&A released in recent weeks. Thomson Reuters, the publisher of peHUB, for example, reported on March 21 that buyside financial sponsor M&A was down 60 percent from the fourth quarter. But a more tailored look at control-stake acquisitions by U.S. sponsors of global targets (as opposed to […]
Sun Capital Partners has acquired CornerStone Research & Development Inc., a manufacturer of vitamins and dietary supplements, from Mitsui & Co. Terms of the deal were not disclosed. CornerStone is based in Ogden, Utah. PRESS RELEASE Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading […]
Cerberus Capital Management is buying a 53% stake in AT&T’s Yellow Pages business. The private equity firm will pay AT&T $750 million in cash and take on $200 million in debt, Reuters reported Monday. (Reuters) – AT&T Inc (T.N) said on Monday it would sell a 53 percent stake in its Yellow Pages business to […]
Buyout firm Nautic Partners has acquired Superior Vision Holdings Inc., a Rancho Cordova, Calif.-based provider of vision insurance coverage. Terms of the deal were not released. Superior Vision was formed in 1993. PRESS RELEASE Nautic Partners LLC, a private equity firm with more than $2.5 billion of capital under management, and Superior Vision Holdings, Inc. […]
Bloomin Brands, which runs the Outback Steakhouse restaurant chain, filed with regulators to raise up to $300 million in an initial public offering of its common stock, Reuters reported Friday. The Tampa, Fla.-based company said BofA Merrill Lynch, Morgan Stanley, JPMorgan, Deutsche Bank Securities and Goldman Sachs were underwriting the IPO. Bloomin Brands is majority […]
Tumi Holdings, which makes luxury baggage and travel goods, said it expects its initial public offering of 18.8 million shares to be priced between $15 to $17 each, Reuters reported. The company, based in South Plainfield, New Jersey, is backed by European private equity group Doughty Hanson. Goldman Sachs, Credit Suisse and J.P.Morgan are lead […]