NEW YORK (Reuters) – Investment firm Carlyle Group on Thursday said it will acquire $5.1 billion of credit assets from Stanfield Capital Partners, a New York-based fixed income money manager, the first of many such deals in a consolidating corner of the market. Carlyle, one of the world’s largest private equity investors, agreed to purchase […]
PARIS (Reuters) – One of the leading shareholders of Sperian Protection (SPEP.PA) is challenging an offer made by investment fund Cinven for the French protective equipment maker, Les Echos said on Friday.Investment fund Governance for Owners (GO), which holds about 10 percent of Sperian, has “serious doubts about the fairness of the offer and the […]
BRUSSELS, April 30 (Reuters) – Private equity firm CVC Capital Partners is hoping to get 500 million to 700 million euros ($666 million to $932 million) from floating a 25 percent stake in the Belgian postal service later this year, Belgian business daily De Tijd said on Friday.CVC owns 50 percent minus one share in […]
SINGAPORE (Reuters) – Private equity firm AIF Capital will buy a 10 percent stake in a Chinese university owned by Singapore-listed Raffles Education (RLSE.SI).The Hong Kong-based AIF will pay 350 million yuan ($51.28 million) for the stake in Oriental University City, which is located in China’s Hebei province and caters to around 36,000 students. The […]
TharpeRobbins Company Inc., a developer of employee attraction and retention programs, has raised an undisclosed amount of private equity funding from Gridiron Capital. The deal also included one-stop debt and equity co-investment from Maranon Capital.
MADRID (Reuters) – Travel reservations firm Amadeus (AMA.MC) returned to the Spanish stock exchange on Thursday, defying the country’s recent debt downgrade to become Europe’s largest flotation this year. Amadeus raised over 1.3 billion euros ($1.73 billion) in the listing, giving it a market capitalisation of some 4.9 billion euros, similar to Spanish blue chips […]
BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers, said that its "go-shop" period has expired without any rival offers to an existing $20 per share takeover agreement with Madison Dearborn Capital Partners. The deal values BWAY at approximately $915 million (including assumed debt). Bank of America Merrill Lynch and Deutsche Bank Securities will provide leveraged financing.
NEW YORK(Reuters) – Chipmaker Alpha and Omega Semiconductor Ltd (AOSL.O) said on Wednesday it priced shares in its initial public offering within the expected range. Alpha and Omega sold a total 5.09 million shares for $18 each, raising about $91.6 million, with 3.4 million shares coming from the company and a further 1.69 million from […]
NEW YORK (Reuters) – U.S. investment firm Aurora Capital Group agreed on Wednesday to acquire four steel service center facilities from Northern Steel Group, a unit of Russia’s Severstal OAO (CHMF.MM), for undisclosed terms. Patrick Murley, chief executive of Northern Steel, will be CEO of a new company comprised by Northern’s Miami Valley Steel Service, […]
LONDON (Reuters) – Canadian pension fund Ontario Municipal Employees Retirement System (OMERS) has emerged as favourite to buy port and shipping agent Inchcape Shipping Services (ISS), the FT reported in its Thursday edition. OMERS’ bid to buy ISS comes as a string of other Canadian pension funds move into the buyout business, looking to carve […]