LONDON (Reuters) – China-focused private equity firm Origo Partners (OPP.L) will spend up to $6.65 million buying a stake in a Chinese recycling company, making its third investment in the region since raising $30 million to fund such deals. London-listed Origo said on Friday it would spend $3 million acquiring a 10.5 percent stake in […]
Banks, even the problem ones, provide a chance for buyout shops to buy cheap deposits that can be grown and loaned out for decent returns. But buyout shops appear to be staying away. There have been 140 M&A transactions involving U.S. banks so far this year, raising about $2.8 billion. This is down from last […]
MELBOURNE (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co [KKR.UL] said on Friday that CVC Asia-Pacific has decided not to join KKR’s $1.5 billion bid for Healthscope (HSP.AX), which is Australia’s biggest private equity bid since 2008. CVC had been in discussions with KKR about joining the offer for Healthscope, Australia’s second-largest hospital […]
Smart Technologies Inc., an Alberta, Canada-based maker of interactive technology productsfor learning and collaboration, has filed for a $730.71 million IPO. It plans to trade on both the Nasdaq and the TSX, with Morgan Stanley, Deutsche Bank and RBC Capital Markets serving as co-lead underwriters. The company reports $648 million in revenue for the fiscal […]
Catterton Partners announced a deal to acquire a majority stake in Uppy's, a Chester, Va.-based convenience store chain. No financial terms were disclosed. peHUB first reported on the news in April.
(Reuters) – Private equity firm CVC said it has bought a 28 percent stake in Merlin Entertainments in a deal that values the owner of the London Eye and amusement parks operator at 2.25 billion pounds ($3.37 billion). Under Thursday’s deal, which values CVC’s stake at 630 million pounds, rival buyout firm Blackstone (BX.N) will […]
Today's big buyout news is that Providence Equity Partners approached Hasbro about a buyout, and that Hasbro said no. Maybe the talks are really dead, or maybe we're simply watching some pre-deal posturing. Or maybe a bit of both, and other LBO firms will soon fill the breach (given Hasbro's $6.1b market cap, no one firm is likely to do it alone anyway). But why media-focused Providence in the first place? After all, isn't Hasbro known for Transformers and GI Joe? (peHUB also is intrigued and alarmed by Hasbro’s Baby Alive real surprises doll that pees and poops.)
RoundTable Healthcare Partners has acquired a control position in Aqua Pharmaceuticals LLC, a West Chester, Penn.-based specialty dermatology pharma company. No financial terms were disclosed.
ZelnickMedia has agreed to acquire Alloy Inc. (Nasdaq: ALOY), an entertainment and media brand for the millennial generation, for $126.5 million. Alloy stockholders would receive $9.80 per share.
Neoelectra Management, a biomass platform sponsored by ArcLight Capital Partners, has acquired Fuente de Piedra Gestion and Biomasa Fuente de Piedra from Spain's Grupo Aldesa. No financial terms were disclosed.