Malaysian's state-linked investor fund Khazanah Nasional and its healthcare unit, Integrated Healthcare Holdings, will acquire Turkish hospital group Acibadem, Reuters wrote Friday. The deal values Acibadem at $1.68 billion. Integrated Healthcare Holdings will acquire 60% of the company; Khazanah, via its special purpose vehicle Bagan Lalang Ventures, will co-invest with IHH to acquire a 15% direct stake, Reuters wrote. The Aydinlar family will own the remaining 25% of Acibadem.
Swedish buyout shop Ratos has hired Navigo Partners to advise it on the sale of pest control firm Anticimex, Reuters reported Friday. A deal for Anticimex could be worth as much as 2.5 billion Swedish crowns ($364 million). Ratos bought its 85% stake in Anticimex from Nordic Capital in 2005 in a deal that valued the company at 1.6 billion crowns.
Boulder, Colo.-based investment firm Revelry Brands has acquired Berkeley-based PACT Apparel Inc. The terms of the deal were not released. Revelry Brands focuses on growth-stage investments in the natural foods and consumer products sectors.
Here’s to the Two Percent! Congress helps out the 99% with a payroll tax reduction extension Here’s Some Happy holiday caroling The Holiday Ode to startups The Horror… The Horror… Hedge funds’ 2011 Why Entitlements are becoming more like “necessities” Ron Paul’s investment portfolio: “a half-step away from a cellar-full of canned goods and nine-millimeter rounds” (‘least the man puts his money where his mouth is)
Buyout shop Lone Star has acquired Lloyds Banking Group's Project Royal portfolio of debt, worth more than 900 million pounds ($1.4 billion), Reuters reported Thursday. The deal was signed Thursday morning. Lone Star’s bid was backed by senior debt from Royal Bank of Canada and Citigroup.
Williams Partners LP said it will buy a pipeline system serving the gas producing Marcellus Shale in north-east United States fromDelphi Midstream Partners, paying $750 million, Reuters wrote Thursday. Williams Partners is based in Tulsa, Oklahoma.
Akamai Technologies Inc. is paying $268 million to acquire venture-backed competitor Cotendo. Web and mobile acceleration services provider Cotendo was founded in 2008, and is based in Sunnyvale, Calif.-based, with a technology center in Israel. Cotendo has raised venture financing from investors including Sequoia Capital, Benchmark Capital and Tenaya Capital.
China's sovereign wealth fund has taken a 25% in South Africa's unlisted Shanduka Group, Reuters reported. CIC reportedly paid 2 billion rand ($240 million) for the stake. CIC acquired its shares primarily from exiting shareholders, Old Mutual Private Equity and South African investment bank and asset manager Investec.
eBay Inc. has acquired BillSAFE, a German provider of purchase-on-invoice technology. Terms of the deal were not announced, though eBay says it plans to combine BillSAFE with its PayPal service. eBay previously took a minority stake in BillSAFE in 2010, and now owns 100% of the outstanding shares.
Guest columnist Coco Kee looks at China’s new rules around PE fund registration, operations and information disclosure in Circular 2864.