FRANKFURT (Reuters) – WestLB’s real estate finance unit its attracting interest from Blackstone, Apollo and Colony, the Financial Times Deutschland reported on Thursday. WestLB must sell its unit Westdeutsche Immobilienbank to meet European Commission demands for a radical restructuring in exchange for approving a bailout. WestLB has to find new owners by 2011. Sources told […]
(Reuters) – Private equity firm Bridgepoint Capital Ltd, the largest shareholder of Safestore Holdings Plc (SAFE.L), said it planned to sell up to 32 million shares, or about half its stake in the British self-storage retailer. The shares represent about a 17 percent stake in Safestore, Bridgepoint said, adding that it would continue to hold […]
Riverside Partners has acquired a majority stake in Thinklogical LLC, a Milford, Conn.-based provider of fiber optic video and KVM switching and extension products. No financial terms were disclosed.
(Reuters) – Private equity firm Apax Partners has been talking with Polycom Inc (PLCM.O) to take the U.S. video conferencing company private for more than $3 billion, the Financial Times said. The news sent Polycom shares up 12 percent to $34.14, their highest since August 2007. They were trading up 9 percent at $33.25 Wednesday […]
Skyview Capital has acquired the RAS-TRAX business unit of UTStarcom (Nasdaq: UTSI). No financial terms were disclosed. The Bensenville, Ill.-based unit will be renamed Traxcom Technologies, and provides secure transaction processing products and technologies.
(Reuters) – Harley-Davidson Inc (HOG.N) shares jumped 6 percent on Tuesday to their highest level in more than four months, lifted by speculation the motorcycle maker could be the target of a leveraged buyout. Harley refused to comment on the market talk of a looming deal, which at least one analyst dismissed as “highly unlikely.” […]
Odyssey Investment Partners has quietly acquired Peninsula Packaging Company, two people familiar with the situation said. The New York-based private equity firm won the company in an auction run by BMO Capital, paying upwards of 7x Ebitda for the company, the people said. Currently, BMO is helping the firm arrange a financing package which includes […]
Asian Genco, an Indian infrastructure company with investments in power generation assets and in engineering services businesses, has raised $425 million in private equity funding. Backers include General Atlantic, Stanley Infrastructure Partners, Goldman Sachs, Norwest Venture Partners, Everstone Capital and PTC India Financial Services. Read more…
NEW YORK (Reuters) – GMAC’s Residential Capital unit is attracting early buyer interest, including from BlackRock Inc (BLK.N) and Blackstone Group (BX.N), according to sources familiar with the matter. Others that could be interested in ResCap include investor Wilbur Ross, the sources said, declining to be named because these talks are private. A group of […]
Bowmark Capital has sponsored a £48 million management buyout and expansion funding for Leaders Ltd., a UK residential real estate listing and property management agency. The seller was RO Group.