MILAN (Reuters) – An Italian private equity manager has proposed building electric cars at the Sicilian factory that Fiat (FIA.MI) plans to shut, the Financial Times reported. The newspaper on Tuesday cited Simone Cimino, Chairman of Cimino & Associates Private Equity, as saying that he needed a minimum investment of 65 million euros ($88.8 million) […]
Wall Street's Rising Stars: Ten to watch in ‘10. (Barron's) Q&A: View from the top with Tony James. (FT) New Investors Topple Masters of the Universe: Asian sovereign wealth funds and venture capitalists, rather than big firms of the past, were the most active investors last year (Wealth Bulletin) Update: The Kleen Energy plant explosion has claimed five identified casualties. The company, backed by Energy Investors Fund, won Goldman Sachs a Deal of the Year award from Project Finance. (Courant.com) Watch Your Backs Guys: Four pensioners have appeared in a German court charged with kidnapping a financial adviser they blamed for making rotten US property investments. (BBC) Tired of Complaining Customers? Ban them! That's what Tim Horton's did! (CBC News)
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. PLC Systems Inc., an OTC-traded medical device maker has hired investment advisory firm Natixis Bleichroeder to help it raise capital and examine "strategic alternatives." German cable provider Kabel Deutschland is for sale. Carlyle, BC Partners and Advent are currently in the bidding pool. Miramax is for sale, and Lionsgate is interested in it. That could change the bidding dynamics of the auction for MGM. Iteration Energy, a listed Canadian oil and gas explorer, initiated a process to explore strategic alternatives. The company engaged FirstEnergy Capital Corp and Scotia Waterous Inc as co-financial advisors to assist it in this process. Hanmi Financial Corporation's Board of Directors authorized the Company's management team to explore a broad range of strategic alternatives. Cappello Capital Corp. has been engaged as the Company's financial advisor in this process. Hanmi is parent to Hanmi Bank, which provides multi-ethnic banking services in L.A.
Duke Street has agreed to acquire a 69% stake in Payzone Group, a UK-listed payment acceptance company. The deal values Payzone at €104 million. Duke Street will invest 45 million in equity, while Payzone's seven lenders will become shareholders -- as part of a restructuring that will cut the company's senior secured debt from approximately €300 million to €77 million.
LONDON/FRANKFURT (Reuters) – A trio of private equity firms, Advent, BC Partners and Carlyle, are set to submit bids for German cable provider Kabel Deutschland, four people familiar with the matter said. Buyouts are finding favour while market volatility undermines plans for public share sales. The business could sell for up to 5 billion euros […]
SFW Capital Partners has acquired Agdata, a provider of data and analytics to agricultural and animal health manufacturers, from Carousel Capital and its founder Verl Purdy. Purdy and Carousel owned equal stakes in the company. No pricing terms were disclosed for the deal, byt SFW Capital purchased a majority ownership with management and Purdy retaining significant minority stakes. Carousel retains a lesser minority stake. Golub Capital provided leveraged financing.
American Tire Distributors Holdings Inc., a Huntersville, N.C.-based replacement tire distributor, has filed for a $230 million IPO. It plans to trade on the NYSE under ticker symbol ATD, with BoA Merrill Lynch and Deutsche Bank Sercurities serving as co-lead underwriters. The company reports around $1.65 billion in revenue for the nine months ending Oct. […]
LONDON/PARIS (Reuters) – French care home group Medica’s 275 million euros ($375.7 million) initial public offering was finally covered after it offered investors a 19 percent price cut, sources close to the deal said. Citing the recent deterioration in market conditions, Medica announced before the share market opened on Monday that it would price the […]
LONDON (Reuters) – Private equity house Montagu has hired Morgan Stanley to plan a flotation of BSN Medical, which could value the German maker of bandages at as much as 2 billion euros ($2.7 billion), two people familiar with the matter said. Montagu had put BSN up for sale 18 months ago, but was forced […]
LONDON (Reuters) – Lloyds Banking Group (LLOY.L) is in talks with private equity firms interested in buying a controlling stake in its Integrated Finance unit, according to the Mail on Sunday. Lloyds has been widely expected to sell off the troubled unit, headed by Peter Cummings and which was part of HBOS (now part of […]