Golden Meditech Holdings Ltd., a Chinese healthcare device and service operator, has raised $40 million from undisclosed private equity investors.
MEXICO CITY (Reuters) – A Mexican consortium, aided by private equity firm Advent International, has stepped up to buy a controlling stake in troubled airline Mexicana after financial woes pushed the carrier to the brink of collapse. Advent helped put the deal together, but the equity firm is not participating as a shareholder in the […]
(Reuters) – Campbell Soup Co (CPB.N), the world’s largest soup maker, is considering making a 1.5 billion pound ($2.3 billion) break up bid for Britain’s United Biscuits, the Sunday Times reported. Campbell is looking to buy the biscuit-making operations, which account for about three quarters of the company, and is less interested in the snacks […]
Aerospace and defense deals may seem like a “masculine” pursuit until you speak to Tess Oxenstierna, a director at the Bank Street Group. Oxenstierna has two decades of experience in the sector, having worked at the White House, NATO, the U.S. Department of State and Energy, Raytheon Corp. and the U.S. Navy Reserves. She even holds a friggin’ Ph.D. in “War Studies” from King’s College in London where she focused on nuclear nonproliferation policy. She is currently head of the aerospace and defense group at Bank Street, a Stamford, Conn.-based investment bank that targets the middle market. Oxenstierna, who grew up on the Island of Guam, has a strong interest in the military. "I grew up loving military history," she says. "I became a naval intelligence officer after finishing graduate school."
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has agreed to sell its Heide refinery in Germany to UK private equity fund Klesch & Co for an undisclosed sum, both companies said on Friday. “Shell and Klesch today announced a binding agreement for the sale of the Heide refinery, associated chemicals, bitumen and distribution infrastructure as […]
Barclays Private Equity has acquired a majority stake in British bottle-maker Allied Glass from CBPE Capital, for £75 million. BPE invested nearly £30 million, with company management co-investing on the equity and senior debt provided by Lloyds TSB and HSBC. www.bpe.com
Sterling Financial Corp. (Nasdaq: STSA) today announced new terms of its recapitalization, including amendments to existing financing agreements from Warburg Pincus and THL Partners. The bank holding company now plans to raise a total of $730 million, including $171 million from each of the two private equity firms. THL originally agreed to invest $175 million, but then lowered that to $138 million -- in order to match a subsequent commitment from Warburg Pincus.
Tonka Bay Equity Partners and Silver Peak Partners have acquired Freshpack Produce LLC, a Denver-based distributor and repackager of fresh fruits and vegetables. No financial terms were disclosed.
TOKYO (Reuters) – Wise Partners, a Japanese private equity firm, will buy Teibow Co, a local maker of felt pen nibs, from Goldman Sachs (GS.N) for as much as 15 billion yen ($176 million), according to three sources close to the deal. Wise outbid Advantage Partners and other potential buyers looking to take control of […]
On the same day that Roger Clemens was indicted for perjury, some PE execs were wondering about a big name in the buyout world that has remained unscathed. “When will Steve Rattner be indicted?” one source wondered. “We are all amazed at how long he has managed to avoid it. It pays to be a fundraiser for the party in power.” The person is, of course, referring to the pension fund kickback scandal that has engulfed Rattner for over a year. Rattner, who co-founded the Quadrangle Group in 2000, was once a powerful buyout executive and former investment banker. In early 2009, he was appointed to head President Obama’s auto task force and aspired