The Carlyle Group announced that it has invested a total of more than $140 million into four Asian growth equity deals: ATMU Inc., a Chinese ATM deployer; Tirumala Milk Products, an Indian dairy; HKucar Global Co., a Korean used car dealership network; and EO Technics Co., a Korean laser engineering company.
Logan’s Roadhouse, a Nashville, Tenn.-based chain of casual restaurants, has filed for a $200 million IPO. It plans to trade on the Nasdaq under ticker symbol LGNS, with Credit Suisse serving as lead underwriter. Shareholders include Bruckmann, Rosser, Sherrill & Co., Black Canyon Capital and Performance Equity Management. www.logansroadhouse.com
Harrah's Entertainment Inc. has agreed to swap a 15.6% equity stake for around $1.12 billion in outstanding bonds. The participating creditors are Paulson & Co. (9.9% equity stake), Apollo Management and TPG Capital. Apollo and TPG are Harrah's majority equity stockholders who acquired the bonds via secondary market purchases.
(Reuters) – French software group Atos Origin (ATOS.PA) has pulled out of a bidding race for Royal Bank of Scotland’s (RBS.L) WorldPay payment-processing arm, French newspaper La Tribune reported on its website on Sunday. La Tribune did not cite any sources for its report and officials at Atos Origin could not be immediately reached for […]
MADRID (Reuters) – Spain’s Grifols (GRLS.MC) has agreed to buy Talecris Biotherapeutics (TLCR.O), which produces plasma-based protein therapies, for $3.4 billion in a bold move to expand its business in blood products. Grifols said on Monday it expected about $230 million annual synergies from the deal, which has been unanimously approved by both companies’ boards […]
(Reuters) – Private equity firm the Carlyle Group said it had made a fully-financed bid for Giannoni, the French maker of heat exchangers for energy efficient boilers. The deal values the business at 490 million euros ($585.1 million), the Financial Times reported earlier on Monday, and will see Carlyle take a 65 percent stake in […]
GTCR has completed its previously-announced acquisition of Protection One Inc. (Nasdaq: PONE), a Lawrence, Kansas-based provider of electronic security services to the residential, commercial and wholesale markets. Sellers include Quadrangle Group and Monarch Capital Partners. The deal was valued at $828 million, including the refinancing of debt. Protection One stockholders received $15.50 per share, while bebt financing was provided by JP Morgan Chase Bank, Barclays Capital and TCW/Crescent Mezzanine.
NEW YORK (Reuters) – Private equity-backed LPL Investment Holdings, parent of one of the largest U.S. brokerage companies, filed on Friday for a long-awaited initial public stock offering worth up to $600 million. LPL Financial, which is the fifth largest broker dealer by number of licensed financial advisers, supports more than 12,000 independent financial advisers […]
(Reuters) – Private equity firm Starwood Capital has bought a 49.9 percent stake in privately held Hersha Hospitality Management to form a partnership to tap into management opportunities in the lodging space. Starwood Capital, led by Barry Sternlicht — founder of Starwood Hotels and Resorts (HOT.N) — will contribute capital and deal-flow to the partnership. […]
(Reuters) – A former Time Inc executive backed by investment firm Great Hill Partners has purchased technology publisher Ziff Davis, the company said on Friday. Ziff Davis, which is based in New York and publishes technology reviews online, including PCMag.com, did not disclose financial terms of the deal. Since Ziff Davis emerged from bankruptcy in […]