Marwyn European Transport, a subsidiary of Marwyn Management Partners, will acquire German bus operator Axel Tucks for 3.75 million euros ($5.38 million), the company announced Friday. Axel Trucks operates more than 100 buses within the Rhine-Ruhr region of South West Germany. Marwyn European Transport was launched in February 2011.
Private equity firm Paine & Partners has made a strategic investment in Australia’s Costa Group, which is a grower and marketer of fresh produce. Terms of the deal, which is expected to close later this year, were not disclosed. Paine & Partners focuses on investments in the food and agribusiness industries.
Apollo Residential Mortgage, a specialty finance company controlled by buyout shop Apollo Global Management, priced its initial public offering Thursday at $20 per share, Reuters reported. Apollo Residential sold 10 million shares in the offering, raising $200 million, Reuters wrote. Morgan Stanley, Credit Suisse and J.P Morgan were the underwriters on the offering.
Australian firm CHAMP Private Equity is looking for a buyer for its International Energy Services business, a fuel transport company, Reuters reported Friday. The firm is looking for up to A$375 million ($405 million, and has seen some interest from logistics companies, Reuters wrote. Indicative offers are due in early August.
DOUBLE RAINBOW!!!! It’s Friday! The NFL lockout will end soon!!! All the way!! Seven Paragraphs!? Yes, not content to lose in the courtroom to Mark Zuckerberg, the Winklevi responded to Larry Summers’ comments about them in Colorado by writing a letter to Harvard President Faust decrying his “betrayal of the unique relationship between teacher and student.” Crybabies… Now, go try a media internship. Really sucks when you don't even get paid.
(Reuters) – Groupon Inc’s privacy and data-collection policies came under congressional scrutiny on Thursday, the latest sign of regulatory pressure on the largest online daily deals company. Representatives Joe Barton (R-Texas) and Edward Markey (D-Mass.), co-chairmen of the House Bi-Partisan Privacy Caucus, said they sent a letter on Thursday to Groupon Chief Executive Andrew Mason […]
It would have rocked the basketball world were the phrase even uttered in the late 80s: Magic Johnson is heading to Detroit. But the Hall of Fame NBA star and entrepreneur isn’t on the hardwood anymore, he’s joining Detroit Venture Partners, where he will work alongside Josh Linkner, Founder & Chairman of ePrize; Dan Gilbert, Founder & Chairman of Quicken Loans and Majority Owner of the NBA's Cleveland Cavaliers; and Brian Hermelin, Founder & Chairman of the private equity firm Rockbridge Growth Equity.
Aktien Medical Ventures has acquired a 4.9% interest in Apollo Medical Holdings, a provider of integrated medical management services that is traded on the over-the-counter Bulletin Board. Aktien is based in Dallas, and has offices in Los Angeles and Buenos Aires.
Buyout shop BC Partners will pay 17 billion crowns ($2.6 billion) to buy Swedish cable company Com Hem, Reuters reported. BC Partners apparently beat out rival bidder Cinven. Com Hem is currently owned by private equity investors Carlyle Group and Providence Equity Partners.
Yer Doin’ It Wrong: Early Reddit employee, Harvard fellow busted in alleged hack What About the One on Canal St.? They’re not just ripping off Apple products in China—they’re making entire fake stores! Falling Knives: Can Greece escape disaster? Dealing: Just because PE can’t do a $10B deal, doesn’t mean strategics can’t do one three times that size