Camelot Information Systems Inc., a Beijing-based provider of enterprise application services and financial industry IT services in China, has set its IPO terms to 13.33 million American depository shares being offered at between $11 and $13 per share. The company plans to trade on the NYSE under ticker symbol CIS, with Barclays Capital and Goldman […]
Buyout deal volume just concluded its strongest quarter in two years, according to data released today by market research firm Preqin. Globally, Preqin reports 411 private equity-backed transactions in second quarter, raising $43.3 billion. This is up from the same period in 2009 when 295 deals were valued at $14.6 billion. The totals are also the best for buyouts since third quarter 2008 when 483 deals raised $45.1 billion. North America produced much of the deal value. There were 175 deals in North America, valued at $26.7 billion. By comparison, Europe had 169 deals in second quarter, raising a total of $11 billion. Asia, and the rest of the world, produced 67 deals, valued at $5.6 billion.
(Reuters) – The parent of the Uno Chicago Grill pizza chain has won court approval for its bankruptcy reorganization plan, less than six months after it sought protection from creditors. Judge Martin Glenn approved the Chapter 11 plan for Uno Restaurant Holdings Corp at a hearing on Tuesday in the U.S. bankruptcy court in Manhattan. […]
(Reuters) – SonicWall Inc (SNWL.O) said the third-party bidder that offered to acquire the IT security company for $12 a share in cash no longer intended to pursue the deal. Shares of SonicWall, which provides secure Internet access to both wired and wireless broadband customers, fell 3 percent in trading before the bell Tuesday. In […]
ShoreView Industries has sponsored a recapitalization of Abrasive Products & Equipment LLC, a Deer Park, Texas-based distributor of portable air blast and related equipment for the Gulf Coast Region. No financial terms were disclosed, except that Amalgamated Capital provided a senior secured credit facility.
The Riverside Company has sold Veritext Holding Co., a provider of deposition and litigation support services to law firms, to Investcorp. No financial terms were disclosed.
HONG KONG/MANILA (Reuters) – Private equity firms Carlyle Group and CVC are among the bidders in the sale of Philippine conglomerate San Miguel Corp’s (SMC.PS) Pure Foods (PF.PS) unit, sources familiar with the situation told Reuters. Domestic food maker Universal Robina Corp (URC.PS) is also bidding, according to the sources, who put the total value […]
(Reuters) – Investors led by Blackstone (BX.N) are taking a “substantial” stake in China Animal Healthcare (CAHC.SI), a Singapore-listed maker drugs for livestock that is hoping to boost its animal vaccine business. Blackstone will invest about $45 million in China Animal by buying new shares and convertible bonds, sources familiar with the matter told Reuters […]
4Refuel Canada LP, a Canadian fuel management company, has raised an undisclosed amount of private equity funding from TorQuest Partners.
Segulah has agreed to acquire a majority stake in online travel agent European Travel Interactive AB from Norvestor. No financial terms were disclosed.