AnaCap Financial Partners has agreed to acquire Banco Popolare Ceská Republika, the Czech subsidiary of Italy's Banco Popolare. No financial terms were disclosed.
Gulf Marine Maintenance and Offshore Service Co. (GMMOS), a UAE-based provider of marine services to the offshore oil & gas industry, has secured a $100 million term loan facility from Standard Chartered Bank, Abu Dhabi Commercial Bank, Credit Suisse and Deutsche Bank. The facility will be used to refinance existing debt and fund acquisitions. GMMOS is backed by Abraaj Capital and Waha Capital.
BEIJING/MUMBAI (Reuters) – India’s Reliance Communications (RLCM.BO) is looking to sell its undersea fiber optic network and U.S. network businesses, hoping to raise around $3 billion in cash, three sources with direct knowledge of the matter said. Reliance acquired the FLAG network, which lies at the heart of its global operations, in 2003 for $207 […]
Co-founder of BluePoint Venture Marketing dies at the age of 60
Hercules Technology Growth Capital has agreed to acquire Spa Chakra Inc., a global luxury spa network. No financial terms were disclosed for the deal, which would be part of a prepackaged Chapter 11 bankruptcy.
Apax Partners has agreed to acquire a majority stake in Israeli asset management firm Psagot from York Capital Management. No financial terms were disclosed. Psagot has nearly $32 billion in assets under management.
NEW YORK (Reuters) – Standard & Poor’s on Friday raised its ratings on Clear Channel Communications and gave it a positive outlook, indicating further upgrades could be on the cards, citing the planned debt sale at its advertising unit. A unit of Clear Channel Outdoor Holdings Inc (CCO.N) plans to sell $750 million in new […]
NEW YORK (Reuters) – Two companies’ shares struggled in their debuts on the New York Stock Exchange on Friday, capping a week of poor performance for initial public offerings as investors grow choosier at year-end. Chinese radiotherapy and medical imaging company Concord Medical Services Holdings Ltd (CCM.N), closed 13.6 percent below its IPO price, and […]
FRANKFURT (Reuters) – Private equity company BC Partners has hired four investment banks to supervise an initial public offering for chemicals distributor Brenntag, several sources familiar with the matter told Reuters on Friday. BC Partners has picked Deutsche Bank, Goldman Sachs, JP Morgan and Merrill Lynch to manage the offering planned for the first half […]
LONDON (Reuters) – Three buyout firms have made it on to the final lap of the race for Montagu Private Equity’s British Car Auctions (BCA), sources familiar with the situation said on Friday. Cinven, Bridgepoint and Clayton Dubilier & Rice all submitted second-round bids for the business, which sells some 12,000 cars a week via […]