NEW YORK (Reuters) – At least four interested parties appear to have submitted bids for Newsweek, the magazine that The Washington Post Co (WPO.N) put up for sale on May 5. Newsmax Media and Thane Ritchie, chief executive of Ritchie Capital Management, said they submitted bids. Private equity firm OpenGate Capital and Sidney Harman, the […]
(Reuters) – Royal Bank of Scotland (RBS.L) is reviewing six second-round bids for its $4 billion payment-processing arm, and will soon pick two or three suitors for a final round of bidding, people familiar with the matter said. RBS could pick the shortlist as early as next week and aims to agree the sale of […]
Vector Capital has agreed to acquire UK-based vehicle tracking company Trafficmaster PLC, The deal is valued at approximately £73.27 million, with TrafficMaster stockholders to receive 47 pence per share. www.vectorcapital.com
(Reuters) – Nielsen Holdings B.V. plans to raise up to $1.75 billion in an initial public offering, becoming the latest private-equity backed company to sell shares into a fragile market.Nielsen is best known for its viewership ratings, which often determine the fate of TV shows. Its top 10 clients — who account for about 23 […]
(Reuters) – Higher One Holdings Inc registered its initial public offering of 14.3 million shares at an estimated price of $15 to $17 per share. In an amended filing with the U.S. Securities and Exchange Commission, the company said it plans to sell 3.1 million shares, while stockholders will sell an additional 11.1 million shares. […]
COPENHAGEN (Reuters) – Danish food ingredients group Chr. Hansen (CHRH.CO) said it saw strong demand for its initial public offering of stock priced at the low end of the expected range, marking a thaw in the Danish IPO market after years of inactivity. It priced the IPO at 90 crowns per share, valuing the company […]
NEW YORK (Reuters) – SonicWALL Inc (SNWL.O) agreed on Wednesday to be bought by an investor group led by private equity firm Thoma Bravo in a deal the IT security company valued at about $717 million. SonicWALL shareholders will receive $11.50 per share in cash, a 28 percent premium over the Wednesday’s close. SonicWALL said […]
NorthgateArinso, a KKR portfolio company that provides HR software and services, has completed its previously-announced acquisition of the HR management unit of Convergys (NYSE: CVG). The deal is valued at $100 million in cash, including an $85 million up-front payment.
Authentic Brands Group has formed with a $250 million equity funding commitment from Leonard Green & Partners, Knight's Bridge Capital Partners (unit of Counsel Corp.) and ABG chairman and CEO James Salter. The New York-based company will "acquire, manage and build long-term value in prominent consumer brands."
Caballo Energy LLC has secured a private equity commitment from EnCap Investments. No financial terms were disclosed. Caballo is a Tulsa-based company formed acquire, develop and manage natural gas gathering, compression, treating, processing and marketing assets.