Too bad they couldn’t name themselves something beginning with an “F.” Illinois and Vancouver-based private equity fund Tricor Pacific Partners will soon submit paperwork with regulators and begin fundraising for a fifth fund, peHUB has learned from multiple sources. The private equity firm’s fourth fund, a 2006 vintage $555 million vehicle, has begun seeing exits […]
Buyout shop OpenGate Capital says it’s acquiring the Waukesha, WI-based dairy processing plant and related assets from publicly traded Dean Foods Co. OpenGate will acquire the Golden Guernsey and La Vaca Bonita brands as part of the transaction. Terms of the deal were not released. OpenGate Capital is based in Los Angeles, Calif.
Google Inc. will pay $12.5 billion to buy Motorola Mobility Holdings Inc. The $40 per share offer represents a 63% premium to Motorola Mobility’s closing price Friday. The deal, Google said on its blog, will allow the company to “supercharge the entire Android ecosystem.” Google plans to operate Motorola Mobility as a separate business. The deal is expected to close by the end of 2011, or early next year.
NewWorld Capital Group has acquired Cleaire Advanced Emission Controls, a maker of particulate matter and nitrogen oxides abatement products. Investors Ingleside Investors, North Sky Capital and Spring Mountain Capital also participated in the deal. Terms were not released. Cleaire is headquartered in San Leandro, Calif. with a manufacturing facility in San Diego. The company’s products are used by on-road and off-road heavy-duty diesel-powered vehicles.
Talkin’ Smack: We’d personally like to see a @KKRelevator account on Twitter Oh, Wait… But that elevator is out of service Police State: Don’t let this happen to YOUR hometown (or is it too late?)
Bain Capital and Kohlberg Kravis Roberts & Co. have put in their final bids for Australian software maker MYOB Lt., Reuters reported Monday. The company, which is owned by Archer Capital and HarbourVest Partners, could fetch more than $1 billion. Archer and HarbourVest paid about A$450 million for the company in 2008.
Italian motorcycle maker Ducati, which is owned by Milan-based private equity investor Investindustrial, could be floated in Hong Kong next year, Reuters reported, citing the Sunday Times. Investindustrial bought Ducati in 2008, and has restored it to profitability, Reuters said.
Private equity investment in technology surged in second quarter. There were 777 tech M&A deals in second quarter valued at $52.1 billion. This is nearly double the value of the 628 deals that occurred in Q2 of last year that totaled $30.8 billion, according to Ernst & Young's "Global Technology M&A Update." PE showed a marked rise in transaction values. There were 76 PE-backed tech deals in Q2 valued at $8 billion. This is up 60% from the 51 deals in Q2 2010 that totaled $5 billion.
New York Life Capital Partners, the private equity arm of the insurance company, is halfway done raising its third mezzanine pool, a planned $1 billion fund, a person familiar with the activity told sister publication Buyouts. New York Life Mezzanine Partners III would be a step up from its predecessor, which closed in 2007 with […]
(Reuters) – Shadows that started to fall over the pitch books of European dealmakers in the second quarter are darkening, threatening to rob banks of a few billion dollars in potential M&A fees. As rumors swirled this week about a French downgrade and riots spread across British cities, bankers said European M&A would probably only […]