Permira on Wednesday offered to buy Genesys from Alcatel-Lucent in a deal valued at $1.5 billion. Technology Crossover Ventures, and certain co-investors of the Permira funds, are also taking part in the deal. The transaction, subject to review by Committee of Foreign Investment in the U.S., is expected to close by the end of 2011 or the beginning of 2012. Daly City, Calif.-based Genesys supplies enterprise software and services.
ICV Partners said Wednesday that it has completed a $95.5 million dividend recap of Marshall Retail Group. Proceeds of the transaction will be used to refinance existing debt and to pay a one-time dividend to shareholders. Not all of the $95.5 million went to ICV, a source says. Golub Capital led the financing.
(Reuters) – At least five private equity firms are set to submit first-round non-binding offers for a 77 percent stake in British frozen food retailer Iceland Foods by Wednesday’s deadline, four people familiar with the matter said. Iceland Foods’ CEO and key investor Malcolm Walker is thinking about bidding for the company later in the […]
Advent International has agreed to invest in American Heart of Poland, which operates cardiovascular treatment units in that country. Financial terms weren't announced.
Kevin Michielsen was named Senior VP of information and research solutions of ALM, which is backed by Wasserstein & Co. Michielsen was also named chief strategy officer for ALM.
glendonTodd Capital said Wednesday that it has invested in Enterra Solutions. Financial terms weren't disclosed. Reston, Va.-based Enterra is an information technology firm.
At least five private equity shops are planning to submit first-round bids for British frozen food retailer Iceland Foods, Reuters reported Wednesday. Names of the buyout shops were not released. Supermarket groups Asda, owned by retail giant Wal-Mart and Wm Morrison are also expected to bid for the 77% stake.
(Reuters) – Groupon Inc is pushing ahead with plans to go public in the face of a volatile equity market, a recent executive departure and questions about its accounting and financial disclosures, sources said on Tuesday. Groupon, the largest daily deal company, is planning to launch a roadshow for its initial public offering next week, […]
Groupon Inc. plans to launch a roadshow for its initial public offering next week, on Monday or Tuesday, Reuters reported Tuesday. An IPO for the daily deal company is expected to value Chicago-based Groupon at more than $10 billion. Groupon filed for an IPO in June. Underwriters are being led by Morgan Stanley, Goldman Sachs & Co and Credit Suisse. The news of Groupon’s roadshow was reported earlier on Tuesday by the AllThingsD blog.
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