LONDON (Reuters) – Travel service company Travelport Inc on Monday announced a price range for its $1.78 billion London listing, valuing the company’s equity at between $3.05 billion and $3.45 billion. The mid-point of the equity valuation is above the entry level of Government of Singapore Investment Corp. (GIC), which has agreed to buy $225 […]
Marlin Equity Partners has acquired the assets of CompassLearning Inc., an Austin, Texas-based educational technology company that provides supplemental curriculum software to educators and students in grades K-12. No financial terms were disclosed. The seller was The Readers Digest Association, via a bankruptcy auction. www.compasslearning.com
LONDON (Reuters) – British buyout firm Permira has teamed up with retail executive John Lovering to launch a bid for furniture retailer DFS, the Sunday Times reported without citing sources. Permira and Lovering have appointed bankers at Nomura to advise on an offer for DFS, which is valued at more than 500 million pounds ($813.4 […]
Aricent, a communications equipment maker, has raised an undisclosed amount of equity funding from Delta Partners. The company was acquired last September for $255 million from Flextronics, by KKR, Sequoia Capital, The Family Office and The Canadian Pension Plan Investment Board.
NEW YORK (Reuters) – Douglas Dynamics Inc, which makes snow plows and salt spreaders for light trucks, filed for an initial public offering of up to $150 million on Friday. The Milwaukee, Wisconsin-based company also sells hopper and tailgate-mounted sand and salt spreaders in the United States and Canadian markets, according to a filing with […]
Given the expectations that hospital operator HCA would file an S-1 to go public any day now, it’s a surprising development that PE owners KKR, Bain Capital and Merril Lynch Private Equity today took a $1.75 billion dividend on the company. Why add leverage to a company before shopping it to the public market? KKR […]
Hospital operator HCA today reported $7.61 billion in Q4 revenue, up 4.7% from $7.27 billion of revenue in the fourth quarter of 2008. It also announced a $1.75 billion dividend for its shareholders. The company was taken private in 2006 for around $31 billion, by Bain Capital, KKR and Merrill Lynch Private Equity.
DAVOS, Switzerland (Reuters) – Emerging markets are destined to make up a bigger share of private equity deals as buyout firms seek a larger slice of their growth, the chief executive of leading private equity investor Alpinvest said. Private equity dealmaking is starting to re-emerge after a torrid year in 2009, when falling sales and […]
Generac Holdings Inc., a Waukesha, Wis.-based maker of standby and portable generators, has set its IPO terms to 20.31 million shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $1.14 billion, were it to price at the top of its range. The company plans to […]
MILAN (Reuters) – Italy’s Amplifon (AMPF.MI) has been contacted by several private equity funds for a possible tie-up with the hearing-aid unit of Siemens (SIEGn.DE) and Germany’s Geers, a person close to the talks said. “These funds are very interested in such an operation, which would combine Siemens Audiology, which is a manufacturer, with someone […]