HONG KONG (Reuters) – Asia-focused private equity firm Unitas Capital received nine bids for South Korean retailer Buy The Way, most in excess of $260 million, a source familiar with the situation said on Tuesday. Unitas, formerly known as CCMP Capital Asia, acquired South Korea’s fourth-largest convenience store chain in July 2006 in a leveraged […]
LONDON (Reuters) – British media company Informa (INF.L) said it was in talks to buy Springer Science and Business Media, reigniting hope among Springer’s private equity owners they can finally offload the debt-ridden business. Private equity firms Candover (CDI.L) and Cinven have been peddling the German academic publisher since early this year, initially giving it […]
A new study from GF Data Resources indicates that third quarter deal multiples for middle market M&A were at their lowest levels in six years. The study attributes this to the bifurcated market, bringing strong multiples for top-quality deals with "moderate quality" (ahem, crappy) deals have seen a steeper discounts. Get more details below:
Brynwood Partners has acquired the Balance Bar Co. from Kraft Foods, for an undisclosed amount.
COPENHAGEN (Reuters) – Danish telecom operator TDC (TDC.CO), which has been widely tipped as a candidate for a big stock offering, said on Monday its main owner had begun reviewing “strategic alternatives” for the company. Sources told Reuters earlier in November that Nordic Telephone Company (NTC), a partnership of private equity firms that holds nearly […]
HONG KONG (Reuters) – U.S. billionaire investor Wilbur Ross plans to buy shares of China Longyuan Power Group, Asia’s largest wind power generator, which aims to raise up to $2.2 billion from its Hong Kong initial public offering, according to a preliminary prospectus. Longyuan has landed four cornerstone investors for a combined $330 million worth […]
NEW YORK/HELSINKI (Reuters) – Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction. The deal will more than double Ciena’s turnover, prompting the market to focus on how the U.S. network equipment maker will […]
Intermedix Corp., provider of billing services to emergency medical service providers in Texas, has acquired the assets of Texas ER Medical Billing Inc., a provider of revenue cycle management services for hospital-based emergency physicians. No financial terms were disclosed. Intermedix is a portfolio company of Parthenon Capital.
Grey Mountain Partners has acquired a majority equity stake in Bolttech Mannings LLC, a New Versailles, Penn.-based provider of technical bolting and heat treating services for industrial applications. No financial terms were disclosed.
Crimson Exploration Inc., a Houston, Texas-based natural gas and crude oil company, has filed for a $100 million stock offering. The company currently trades on the OTC bulliten board, but plans to list on the Nasdaq. Barclays Capital is serving as lead underwriter. Crimson is majority-owned by Oaktree Capital Management. www.crimsonexploration.com