SINGAPORE (Reuters) – Private equity firm AIF Capital will buy a 10 percent stake in a Chinese university owned by Singapore-listed Raffles Education (RLSE.SI).The Hong Kong-based AIF will pay 350 million yuan ($51.28 million) for the stake in Oriental University City, which is located in China’s Hebei province and caters to around 36,000 students. The […]
TharpeRobbins Company Inc., a developer of employee attraction and retention programs, has raised an undisclosed amount of private equity funding from Gridiron Capital. The deal also included one-stop debt and equity co-investment from Maranon Capital.
MADRID (Reuters) – Travel reservations firm Amadeus (AMA.MC) returned to the Spanish stock exchange on Thursday, defying the country’s recent debt downgrade to become Europe’s largest flotation this year. Amadeus raised over 1.3 billion euros ($1.73 billion) in the listing, giving it a market capitalisation of some 4.9 billion euros, similar to Spanish blue chips […]
BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers, said that its "go-shop" period has expired without any rival offers to an existing $20 per share takeover agreement with Madison Dearborn Capital Partners. The deal values BWAY at approximately $915 million (including assumed debt). Bank of America Merrill Lynch and Deutsche Bank Securities will provide leveraged financing.
NEW YORK(Reuters) – Chipmaker Alpha and Omega Semiconductor Ltd (AOSL.O) said on Wednesday it priced shares in its initial public offering within the expected range. Alpha and Omega sold a total 5.09 million shares for $18 each, raising about $91.6 million, with 3.4 million shares coming from the company and a further 1.69 million from […]
NEW YORK (Reuters) – U.S. investment firm Aurora Capital Group agreed on Wednesday to acquire four steel service center facilities from Northern Steel Group, a unit of Russia’s Severstal OAO (CHMF.MM), for undisclosed terms. Patrick Murley, chief executive of Northern Steel, will be CEO of a new company comprised by Northern’s Miami Valley Steel Service, […]
LONDON (Reuters) – Canadian pension fund Ontario Municipal Employees Retirement System (OMERS) has emerged as favourite to buy port and shipping agent Inchcape Shipping Services (ISS), the FT reported in its Thursday edition. OMERS’ bid to buy ISS comes as a string of other Canadian pension funds move into the buyout business, looking to carve […]
MUMBAI (Reuters) – Tata Group and private equity firm Actis aim to bid for $2 billion of road projects in India over the next five years as the country makes a major push to build highways, a senior Actis official said on Thursday. “We are quite optimistic and will be bidding for 5-6 new construction […]
FRANKFURT (Reuters) – European buyout firm Triton has won more time to negotiate a deal to buy insolvent German department store chain Karstadt after asking for further concessions from workers and landlords. The creditor committee of Karstadt has agreed to extend the deadline for the sale to May 28, having initially aimed to close the […]
LONDON (Reuters) – U.S Private Equity Group Kohlberg Kravis Roberts & Co (KKR) said on Wednesday it had entered into a partnership with Investindustrial to take a minority stake in helicopter firm Grupo Inaer. The transaction, which was handled by JPMorgan and Credit Suisse, follows a series of so-called “secondary buyouts” in Europe, where private […]