RedPrairie Holding Inc. has withdrawn its registration for a $172.5 million IPO, following its acquisition by New Mountain Capital. The company previously had been owned by Francisco Partners. RedPrairie is a a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems. It had approximately $194 million in revenue for the first nine months of 2009, […]
The first quarter doesn’t officially close until the clock strikes Thursday, but that doesn’t mean we can’t take a peek at preliminary deal volume data. My colleagues at Thomson Reuters sent over the following tidbits: * Global M&A deal volume for Q1 is at nearly $550 billion for 8,737 deals, compared to $617 billion for 10,860 deals in Q4 2009. The prior first quarter had just $476 billion for 8,908 deals. * Global PE-sponsored deal volume for Q1 is at just over $31 billion for 625 deals, compared to $55 billion for 761 deals in Q4 2009. The prior first quarter had just $17 billion for 639 deals.
Private equity’s percentage of the total M&A pot is 5.7% in Q1 2010, which is the lowest total since Q2 of last year (3.2%).
BERLIN (Reuters) – AXA Private Equity is preparing to make an offer for Endesa’s (ELE.MC) gas assets in Spain together with Italian investment fund F2i, the head of AXA’s infrastructure fund said on Tuesday. “We have teamed up with F2i again, they are a very strong partner who we have worked with before on Italian […]
Shackleton Equity Partners has acquired Excel Meridian Data, a Carrollton, Texas-based provider of computer data storage equipment for the education, gaming, government and video surveillance industries. No financial terms were disclosed.
LONDON (Reuters) – Private equity firm Cinven is raising a new leveraged loan to refinance its 800 million euro ($1.1 billion) all-equity purchase of French healthcare diagnostics group Sebia International, bankers close to the deal said. Banks are offering relatively high leverage of up to six times earnings before interest, tax, depreciation and amortisation (EBITDA) […]
Jackson Square Aviation has formed with a $500 million equity commitment from Oaktree Capital Management. The company is led by former Pegasus Aviation and Sky Holding executives, and will provide lease capital to passenger and cargo airlines.
HgCapital has agreed to acquire the talent management software unit of StepStone ASA. The deal is valued at €110 million, and is expected to close next month.
ILPA SHOWDOWN OF DEATH: Check out the guest list at this special meeting of the Buyout Baron Gods to throw down on terms with investors. It took place today at an unnamed New York hotel. Everyone from Glenn Hutchins to David Rubenstein to Jim Coulter was there. It's like a meeting of the five (three?) fathers (Come on, you know they do that secret society crap.) Even the Journal is calling them "The Big Guns." And on the investor side we have Joe Dear, John Breen, and Ahmed Gubash. (WSJ) Total Domination: Wall Street is taking over the world. First Carl Jr.'s, now, American Idol may now be controlled by JPMorgan's private equity arm. (DealBook)(Dealbreaker, of course, has thoughts on this.) Further Proof: Here's what else is in American Idol's parent company's stable. (Times Online) Too Big To Not Fail? Paulson's fund is out of control big. (BusinessWeek) Against Conventional Wisdom: When should a VC-backed company shop a term sheet? (Dividends and Preferences) Tom Geithner: "Just one of the girls." (Dealbreaker)
NEW YORK/LONDON (Reuters) – Private equity firms Kohlberg Kravis Roberts & Co (KKR.AS) and CVC have teamed up to bid for Interactive Data Corp (IDC.N), yet another private equity team formed in recent weeks as an auction for the financial market data provider progresses, two sources familiar with the matter said. Interactive Data said in […]
Making it through 2009 was no easy feat. A number of buyout firms that began the year on solid footing came out the other end staggering from a recession that pulled no punches. Some firms, however, not only made it through the year—they excelled. These outliers generated healthy returns in a sickly market, raised lush funds in an arid environment and/or climbed league tables when so many others were in freefall. They were the nominees and winners of this year's Buyouts Deal of the Year Awards, given by peHUB sister publication Buyouts Magazine. See them after the jump...