FRANKFURT, (Reuters) – Permira will hold on to its investments in fashion house Hugo Boss (BOSG_p.DE) and broadcaster ProSiebenSat1 (PSMG_p.DE), the head of the buyout firm’s German business told a magazine. “We will certainly not divest Hugo Boss. We have just invested 250 million euros in the company,” Permira executive Joerg Rockenhaeuser was quoted as […]
WILMINGTON, Del. (Reuters) – Aleris International Inc, a maker of rolled aluminum products, proposed a reorganization plan on Friday that would leave the company in the hands of the investment funds that financed its bankruptcy, according to court documents. The funds, affiliates of Oaktree Capital Management, Apollo Management and Sankaty Advisors, would backstop a sale […]
LONDON (Reuters) – Private equity firm Bridgepoint has bought forensics and scientific testing company LGC for 257 million pounds ($404 million), as private equity dealmaking comes back to life after a year in the doldrums. LGC’s forensics division works with the police and other authorities, offering toxicology, drug and paternity testing and providing scientists to […]
International Mining Machinery Holdings Ltd., a Chinese maker of coal-mining equipment, has raised HK$2.54 billion ($327 million) in a Hong Kong IPO. The stock is scheduled to begin trading on February 10. IMM was formed in 2006 by The Jordan Co., in order to acquire Jixi Coal Mining Machinery Co. and Jiamusi Coal Mining Machinery Co.
Tregaron Capital has acquired Economic Modeling Specialists Inc., an Idaho-based provider of labor statistics and economic impact studies. No financial terms were disclosed. EMSI was represented on the sale by Woodbridge Group.
LONDON (Reuters) – Private equity firm Cinven is teaming up with retail executive Rob Templeman to consider a 500 million pound ($793.8 million) bid for UK furniture retailer DFS, the Daily Telegraph reported on Friday without citing sources. A spokesman for Cinven could not be reached for comment. Templeman is chief executive of retailer Debenhams […]
LONDON (Reuters) – U.S. private equity group Blackstone (BX.N) and British buy-out firm Resolution (RSL.L) are in the running to join National Australia Bank in a possible bid for more than 300 branches of Royal Bank of Scotland, the Financial Times reported on Friday. A spokesman for Resolution declined comment. Blackstone could not be reached […]
(Reuters) – Marlin Equity Partners said it acquired certain segments of information technology company Unisys Corp (UIS.N) and subsequently formed a new company, Burroughs Payment Systems Inc. Shares of Blue Bell, Pennsylvania-based Unisys, which rose as much as 12 percent to $35.08 Thursday morning on the New York Stock Exchange, were trading up 11 percent […]
LONDON (Reuters) – Optics specialist Carl Zeiss AG is poised to prop up its eyeglass lens maker Carl Zeiss Vision with a second equity injection which will dilute the shareholding of private equity firm EQT, two sources said on Thursday. Carl Zeiss Vision, which was formed by the merger of Sola International with the eyeglass […]
Taiwan's economic minister said the National Development Fund has decided not to inject funds into a newly established PC chip company, which will instead seek funding from the private sector.