NAIROBI, March 19 (Reuters) – Satya Capital, a London-based private equity fund owned by Sudanese Mo Ibrahim, plans to invest some $200 million in Africa this year, Ibrahim said late on Thursday. Known for making a fortune from the mobile phone business and funding a major prize in support of leadership, Ibrahim said the continent […]
LONDON (Reuters) – The race to buy the British national lottery operator Camelot has narrowed to two contenders and a decision on the preferred bidder could come as early as next week, the Financial Times reported on Friday. Private equity firms CVC and Ontario Teachers’ Pension Plan remain as bidders in the auction, which is […]
Swander Pace Capital has acquired Incase Designs Corp., a brand of cases and bags for consumer electronic products like laptops and mobile phones. No financial terms were disclosed. Incase has offices in Los Angeles and San Francisco. www.spcap.com
The Telx Group Inc., a New York-based interconnection and colocation data center operator, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol TELX, with Goldman Sachs and Deutsche Bank Securities serving as co-lead underwriters. The company reports $98 million in 2009 revenue, compared to $70 million in […]
(Reuters) – Mesa Global, an investment banking firm co-founded by former Creative Artists Agency executive Mark Patricof, has emerged as a potential bidder for Walt Disney Co’s Miramax film unit ahead of an offer deadline on Friday, said sources familiar with the matter. Representatives for Mesa and Disney declined to comment, but various industry sources […]
LONDON (Reuters) – Second-round bids for offshore mono-pile maker SIF Group, being sold by Dutch private equity firm Egeria, are due early to mid-April, two banking sources said on Thursday. Apax Partners, BC Partners, Investcorp and First Reserve are through to the next round, as is one undisclosed trade buyer, the sources added. The business […]
NVM Private Equity has sponsored a £3 million management buyout of Lanner Group, a UK-based provider of business simulation software. ICON Corporate Finance provided financing for the deal. www.lanner.com
Starwood Capital Group, TPG Capital and Five Mile Capital Partners have agreed to invest up to $905 million in Extended Stay Hotels Inc. The investment would be part of a recapitalization that would allow the hotel chain to emerge from bankruptcy at a $3.9 billion valuation.
KSL Capital Partners has acquired Carlsbad, Calif.-based La Costa Resort and Spa. No financial terms were disclosed.
OpenGate Capital has acquired Philips Business Communications, a provider of telecom and data solutions in Brazil, from Philips. No financial terms were disclosed for the deal, which represents Los angeles-based OpenGate's first transaction in South America.