The No-Spin Zone: Gawker runs it, now, Mr. O’Reilly And Will Gawker’s allegations drag FOX News into the already-messy hacking probe? Dad Reaches Out: Steve Jobs’ biological father looks to meet his son for the first time Oh, And Also FOX hits back
Clayton, Dubilier & Rice (CD&R) and its partners AXA Private Equity and Caisse de dépôt et placement du Québec today announced the closing of the acquisition of French based multi-technical services company, SPIE, from PAI partners for €2.1 billion. CD&R-managed funds, including co-investment vehicles, invested approximately €510 million; AXA Private Equity and Caisse de depot et placement […]
Private equity will likely be very, very interested in CoreLogic, the data-and-analytics company. Yesterday, CoreLogic said it had hired Greenhill to help it explore a possible sale or merger. News of the announcement cause CoreLogic shares to rise nearly 26% to $11.05 in afternoon trading Tuesday. The company currently has a $1.2 billion market cap. I'm hearing that that the larger buyout shops, and the list includes KKR, TPG, the Blackstone Group, TA Associates, Advent, Bain as well as Hellman and Friedman, will likely be looking at CoreLogic, according to a PE source. Among strategics, Fidelity National Information Systems is a possible bidder. CoreLogic, unless it’s damaged goods, could possibly sell for a "low to mid teens multiple," the source says.
(Reuters) – Barnes & Noble Inc reported a narrower quarterly loss as strong sales of the largest bookstore chain’s Nook e-reader helped mitigate declining book sales. The retailer forecast sales of Nook and its e-books would more than double this fiscal year to $1.8 billion, sending shares up 17 percent to $13.33 on Tuesday morning. […]
Insight Pharmaceuticals, a portfolio company of Swander Pace Capital, has acquired the Monistat North American brand portfolio from McNEIL-PPC Inc. Financial terms of the deal were not released. In connection with the transaction, Ontario Teachers' Pension Plan, through its private equity group Teachers' Private Capital, has joined Swander Pace Capital as an equity investor in Insight. HT Capital Advisors acted as exclusive financial advisor to Insight and Swander Pace Capital.
Axa Private Equity and LGT Capital Partners have acquired a 620 million euro ($901 million) private equity portfolio from HSH Nordbank, Reuters reported Tuesday. Terms of the deal were not released. The deal is the latest in a string of purchases by Axa. The firm recently bought a $740 million portfolio from Barclays and a $1.7 billion portfolio from Citigroup. The HSH portfolio includes interests in 47 European private equity funds, Reuters wrote.
The Gores Group has entered into a "stalking horse" asset purchase agreement to buy body armor maker Point Blank Solutions Inc. Subject to bankruptcy court approval, the Gores Group plans to close the acquisition of Point Blank’s assets by November.
Australia and New Zealand Banking Group is in talks to buy a 50% stake in Japan's Aozora Bank, Reuters reported. The stake, currently owned by buyout shop Cerberus Capital, is valued at about $4.2 billion. Aozora has 20 branches and overseas representative branches with total assets of 4.85 trillion yen ($63 billion), Reuters wrote.
Buyout shop Audax Group has completed its acquisition of Versailles, Indiana-based Elgin Fastener Group. Elgin makes short-run, high-quality specialty fasteners for a range of niche industrial markets. Terms of the deal were not released. Audax manages more than $4.8 billion and is based in Boston and New York.
Publicly traded digital media technology company DG is paying $66 million to buy EyeWonder, the video and rich-media advertising unit of Limelight Networks. DG says that the deal will expand its position as a provider of of interactive digital advertising products and services. Bank of America Merrill Lynch acted as financial advisor to DG.