Making it through 2009 was no easy feat. A number of buyout firms that began the year on solid footing came out the other end staggering from a recession that pulled no punches. Some firms, however, not only made it through the year—they excelled. These outliers generated healthy returns in a sickly market, raised lush funds in an arid environment and/or climbed league tables when so many others were in freefall. They were the nominees and winners of this year's Buyouts Deal of the Year Awards, given by peHUB sister publication Buyouts Magazine. See them after the jump...
CKX Inc. (Nasdaq: CKXE), owner of the "American Idol" TV show franchise, confirmed that it is "engaged in discussions regarding a possible transaction involving the sale of the company." The WSJ reported on Saturday that One Equity Partners was in late-stage negotiations to buy CKX for around $6 per share, which would value the company's equity at approximately $560 million.
Madison Dearborn Capital Partners has agreed to acquire BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers. The deal is valued at $20 per share, or approximately $915 million (including assumed debt). BWAY's stock closed trading Friday at $17.35 per share. Bank of America Merrill Lynch and Deutsche Bank Securities have provided debt financing.
Hostway Corp., a Chicago-based provider of web hosting and cloud hosting services, has raised $110 million in private equity and debt funding. Veronis Suhler Stevenson led the deal, and was joined by Fortress Capital, Regiment Capital and Phoenix Life. Houlihan Lokey advised Hostway on the deal.
SeaCube Container Leasing Co., a Park Ridge, N.J.-based container leasing company, has filed for a $165 million IPO. It plans to trade on the NYSE under ticker symbol SC, with Citi, J.P. Morgan, Deutsche Bank and Wells Fargo serving as co-lead underwriters. The company reports $142 million in 2009 revenue, compared to $239 million in […]
NEW YORK (Reuters) – Citigroup Inc (C.N) is set to sell off a stake worth about $234 million in Primerica Inc, which sells life insurance and financial advice, and while the deal is far from perfect, some analysts think the offering could sell well. Few other financial services companies cater to Primerica’s niche– lower-middle-class and […]
DUBAI (Reuters) – Private equity firm The Carlyle Group on Monday said it had acquired a 30 percent stake in Saudi Arabia’s General Lighting Company, the kingdom’s largest lighting fixture manufacturer. Carlyle did not provide financial details for the transaction, which closed on Monday and marks the fund’s first investment in Saudi Arabia, the largest […]
SINGAPORE (Reuters) – A private equity fund managed by Templeton Asset Management has bought a 5.3 percent stake in India’s Shiv-Vani Oil & Gas Exploration Services to help the latter expand globally, Templeton said on Monday. The Templeton Strategic Emerging Markets Fund III invested $20.6 million in Shiv-Vani in exchange for the stake, the fund […]
LONDON (Reuters) – Lord Kirkham has said DFS, the British sofa chain he founded in 1969, is not for sale, despite reports that three private equity groups submitted bids or reaffirmed interest in the chain last week. “I am categorically not interested in selling the business,” Kirkham told The Sunday Times. “I don’t need the […]
NEW YORK/AMSTERDAM (Reuters) – Dutch semiconductor company NXP [NXP.UL], owned by private equity firms, including KKR and Silver Lake, is planning an initial public offering (IPO), a source familiar with the matter said. A potential IPO, earlier reported by Bloomberg, could raise about $1 billion, the source said. A number of banks would handle the […]