The Carlyle Group has agreed to buy an 85% stake of Telecable de Asturias S.A.U. The seller, Liberbank, is retaining a minority stake. The deal values Telecable at €400 million (U.S.$549.4 million). Telecable is a Spanish cable operator.
Morgan Stanley Credit Partners said Tuesday that it provided a $43 million mezz loan to support Parthenon Capital's and Lovell Minnick's buy of H.D. Vest Financial Services. Morgan Stanley Credit Partnes also co-invested in the deal. Earlier this month, Parthenon and Lovell completed their buy of H.D. Vest.
Pan-Asia buyouts fund Affinity Equity Partners has acquired a majority stake in Australian meat products firm Primo Smallgoods in a deal that values the company at A$740 million ($758 million), Reuters reports. Affinity will take 70 percent of the firm, with the Lederer family that founded Primo retaining 30 percent, said Reuters.
Sprott Resource Corp said on Tuesday it was exploring a sale of Waseca Energy Inc, a 81 percent owned oil subsidiary that has tripled the value of its oil and gas properties since the end of 2010, Reuters reports.
(Reuters) – Global private equity fund Kohlberg Kravis Roberts & Co LP and Asian buyout fund MBK Partners are among bidders for a majority stake in Samsung Group’s procurement arm iMarketKorea Inc, two sources told Reuters on Tuesday. Samsung Group said in August that it planned to sell a combined 58.7 percent stake in the […]
Global private equity fund Kohlberg Kravis Roberts and Asian buyout fund MBK Partners are among bidders for a majority stake in Samsung Group procurement arm iMarketKorea Inc , in a rare divestment by the South Korean conglomerate, two sources told Reuters on Tuesday.
CIVC Partners, a Chicago-based private investment firm, has acquired Honor Finance in a management buyout. Honor Finance also announced that a new line of credit has been secured from Wells Fargo Preferred Capital.
Mattel Inc. is in talks to buy Hit Entertainment, the British owner of Thomas the Tank Engine, for a little over 500 million pounds ($788.9 million), Reuters reported, citing the Wall Street Journal. Apax Partners is selling Hit Entertainment.
SideTour, which just emerged from stealth mode after being founded this summer, has raised $1.5 million from VCs including Foundry Group and RRE Ventures. Founders include Vipin Goyal, CEO, Aaron Foss, Minesh Mistry and Mark Webster. Unlike most daily deal sites, SideTour seeks to provide its client base with off-the-beaten-path, more unique retail and dining experiences. SideTour is part of the TechStars incubator program.
BB&T Capital Partners, the lower middle market private equity firm, raised its second mezzanine fund and beat its target, reeling in $227 million. The PE firm will invest via subordinated debt and equity in middle market companies. The fund will also be structured as an SBIC.