Asian Genco, an Indian infrastructure company with investments in power generation assets and in engineering services businesses, has raised $425 million in private equity funding. Backers include General Atlantic, Stanley Infrastructure Partners, Goldman Sachs, Norwest Venture Partners, Everstone Capital and PTC India Financial Services. Read more…
NEW YORK (Reuters) – GMAC’s Residential Capital unit is attracting early buyer interest, including from BlackRock Inc (BLK.N) and Blackstone Group (BX.N), according to sources familiar with the matter. Others that could be interested in ResCap include investor Wilbur Ross, the sources said, declining to be named because these talks are private. A group of […]
Bowmark Capital has sponsored a £48 million management buyout and expansion funding for Leaders Ltd., a UK residential real estate listing and property management agency. The seller was RO Group.
HONG KONG/SHANGHAI (Reuters) – A consortium led by Blackstone Group (BX.N) has agreed to invest about $600 million in a Chinese agricultural company ahead of its planned Hong Kong listing, sources with knowledge of the deal said on Wednesday. China Shouguang Agricultural Product Logistic Park, one of the country’s largest agricultural market operators, will sell […]
Flexing: Calpers is looking to flex its power, by removing the limit on the number of shareholder proposals it can issue to companies in its portfolio. (NY Times) What Happens When You Do The Right Thing? You get fired. That's what happened to the Lehman whistleblower at least. (WSJ) Recipe: I have to agree with Tom Davenport's list of Six Ingredients for a Good Online Comment. I'd venture to say any comment that has even two of these six ingredients is a vast improvement over the majority of comments on the internet. (But not peHUB's civilized, intelligent commenters!) (Harvard Business Review) Stay By Stay Home: Out of the maelstrom that is SxSW coverage, I link to a single post: GigaOm's commentary on entrepreneurial stereotypes. (GigaOm) Twitter Royalty: Most Re-tweeted twitters. Way to Go: How the Fed Slept Through Lehman. (Felix Salmon)
(Reuters) – Japanese-style restaurant chain Benihana Inc (BNHN.O) (BNHNA.O) got a takeover offer from RDG Capital that values the company at around $150 million including debt, a source familiar with the situation said. The offer of $7 a share values the Miami, Florida-based company at more than $100 million. Including debt and preferred shares, that […]
Atlantic Street Capital Management is in talks to sell Orlando-based delivery services company Fleetgistics to St. Louis-based buyout shop Harbour Group, according to a regulatory filing. Fleetgistics has three divisions: Medifleet, which provides same-day delivery services to hospitals, laboratories and other medical-related institutions; Partsfleet, which delivers automotive parts and other supplies; and Scriptfleet, which provides delivery services for long-term care pharmacies.
Brazos Private Equity Partners has made two acquisitions in the electronic security distribution space: Woodbury, N.Y.-based Tri-Ed Distribution, a provider of security systems and low-voltage products; and Rocklin, Calif.-based Northern Video Systems Inc., a wholesale distributor of security, surveillance and network infrastructure products. The two companies will be combined. No financial terms were disclosed.
Applus, a Barcelona-based provider of inspection, certification, testing and technology services, has acquired two companies in the inspection and non-destructive testing space: New York-based Quality Inspection Services (QISI) and Ontario-based Staveley. No financial terms were disclosed. The Carlyle Group and Caixa Catalunya acquired Applus in 2007 for €1.48 billion.
LONDON/NEW YORK (Reuters) – EMI’s efforts to put in place a new business plan by mid-June could be overtaken by rival bidders contemplating bids although suitors must negotiate a complicated legal spat around the British music company. Two people familiar with the situation told Reuters on Monday that Warner Music Group (WMG.N) executives were talking […]