(Reuters) – Private equity firms Carlyle, Apax Partners and Kohlberg Kravis Roberts (KKR.AS) are interested in buying India’s ICICI Group’s 27 percent stake in IT firm 3i Infotech (TIIN.BO), the Economic Times reported on Tuesday. The acquisition will require the buyer to launch a mandatory open offer for a further 20 percent from other shareholders, […]
(Reuters) – Investment adviser Oakley Capital Investments Ltd (OCL.L) said on Monday its unit had acquired a 51 percent stake in Verivox Holdings Ltd, an independent online consumer price comparison business for energy and telecom services. Oakley said its Oakley Capital Private Equity LP unit, which invests in mid-market UK and European businesses, had bought […]
Cameron Holdings and Bush O'Donnell Capital Partners have acquired Henderson Enterprises Inc., a maker of heavy-duty truck equipment used chiefly by municipal customers for snow removal and ice control. No financial terms were disclosed.
TORONTO (Reuters) – Cosmos Capital Inc, a Canadian private equity group, said late on Monday it withdrew from a bidding war for the nation’s largest domestic advertiser, Cossette Inc, four months after its first bid was rejected. “Essentially Cosmos is not going to be submitting a superior bid and it has withdrawn its current offer,” […]
NEW YORK (Reuters) – A U.S. judge said on Monday Six Flags Inc (SIXFQ.OB) can keep its exclusive right to file its bankruptcy reorganization plan, overruling objections from a group of noteholders that sought to offer their own plan. The ruling allows the world’s largest regional theme park operator to begin soliciting votes from creditors […]
Buyers Protection Group Inc., an Atlanta-based real estate services firm, has completed its purchase of two businesses from LandAmerica Financial Group Inc. No financial terms were disclosed for the deal, which included equity participation from The Stephens Group. PRESS RELEASE Buyers Protection Group, Inc. (“BPG”), an Atlanta-based real estate services firm, has completed its acquisition […]
NEW YORK (Reuters) – West Hollywood-based motion picture finance and production company Film Department Holdings Inc hopes to go public in an initial public offering that would raise $85 million to $100 million. Film Department produces commercial films with net budgets between $10 million and $45 million, including “Law Abiding Citizen” with Gerard Butler and […]
Sverica International has acquired Career Quest Learning Centers Inc., a post-secondary education company with campuses in Lansing and Jackson, Michigan. No financial terms were disclosed.
LONDON (Reuters) – Dutch specialist coatings firm Stahl International has secured 100 percent support from senior, second lien and mezzanine lenders over its debt-for-equity restructuring proposal, a source familiar with the situation said on Monday. The proposal will lead to an almost 40 percent reduction of Stahl’s debt to less than 200 million euros ($297.6 […]
LONDON (Reuters) – The initial public offering of fund manager Gartmore is fully covered, a source close to the firm said, raising the prospect of Europe’s first successful private equity-backed IPO since the credit crunch. The flotation of Gartmore, 58 percent owned by San Francisco-based Hellman & Friedman (H&F), could raise around 400 million pounds […]