Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below. Bachrach Acquisition LLC, a New York-based men's clothing company, was seeking a buyer for the company. The company is being advised by Clear Thinking Group LLC. L-1 Identity Solutions, Inc., a Stamford, Conn.-based supplier of identity solutions and services, retained Goldman Sachs & Co. and Stone Key Partners LLC as financial advisors to explore strategic alternatives.
First Uranium, a Canadian mining company, continues to review strategic alternatives, and "has been engaged in negotiations with several potential strategic investors who have been invited to submit investment proposals," none of which has been acceptable so far, the company said. Liberty Media is evaluating strategic alternatives for Overture Films, a division of Liberty Starz.
Intrawest Corp. of Canada, a unit of Fortress Investment Group LLC, was seeking a buyer for its Sandestin Golf and Beach Resort.
The new Tommy Hilfiger store on 5th Ave. will close at 6pm tonight, in order to get ready for a private party being hosted by private equity firm Apax Partners. Maybe I'm just bored, but the news got my mind raicing. Could this party be related to a Women's Wear Daily about how Apax is looking to either sell Hilfiger or take it public? WWD wrote, in part:
At the moment, the lead candidate to acquire Hilfiger is said to be $2.4 billion Phillips-Van Heusen Corp., which has been openly on the prowl for acquisitions and proved with its 2002 purchase of Calvin Klein that it can successfully incorporate a large global brand into its business... But buying Hilfiger could be a bit of a stretch for PVH, which has about $480 million in cash on hand. Sources said one option for PVH could be to structure a deal that resembled its acquisition of Calvin
The Carlyle Group is among several firms to invest a total of $550 million of new equity into Butterfield, a Bermuda-based community bank and provider of specialised international financial services. Other participants include Canadian Imperial Bank of Commerce, the Wellcome Trust, The Bermuda Government Pension Funds, Julian Robertson and Goshen Investments.
Lime Rock Resources has made two acquisitions: The Potato Hills natural gas field in southeast Oklahoma, and interests in wellbores in the Texas Gulf Coast region adjoining its existing New Years Ridge property. The combined deals were worth $113 million.
GTCR is in talks to acquire Athletic & Therapeutic Institute, an Illinois-based operator of 44 outpatient physical therapy centers, peHUB has learned. Sellers would include KRG Capital Partners and Norwest Mezzanine Partners. Jefferies is managing the process. Both KRG and GTCR declined comment. www.atipt.com
COPENHAGEN (Reuters) – Denmark may see four to five initial public offerings of shares in companies now owned by private equity funds in the next 18 to 24 months, the head of a Danish funds lobby group said, suggesting a new-found confidence in valuations. “Valuations have risen to levels that people are beginning to take […]
MUMBAI (Reuters) – LyondellBasell has rejected Reliance Industries’ (RELI.BO) offer that values the bankrupt U.S. petrochemicals group at $14.5 billion, Bloomberg said on Tuesday, a decision that could leave the Indian energy group having to look elsewhere for takeover targets. Reliance, controlled by India’s richest man, Mukesh Ambani, has said his company plans an aggressive […]
FRANKFURT/MUNICH (Reuters) – German industrial group Siemens (SIEGn.DE) is considering alternatives to disposal for its hearing aid unit because of low bids and may look at a tie-up or even growing it on its own. Board member Hermann Requardt told a general staff meeting on Tuesday Siemens was ready to explore distribution partnerships with retailers, […]
Hammond, Kennedy, Whitney & Co. has sponsored a recapitalization of NaturMed Inc., a Camp Verde, Ariz.-based developer and distributor of nutritional and health supplements. No financial terms were disclosed.
Berlin Packaging, a portfolio company of Investcorp, has completed its acquisition of All-Pak, a Pittsburgh-based packaging supplier. No financial terms were disclosed. The combined company is expected to have annual revenue of nearly $500 million.