LONDON (Reuters) – Montagu Private Equity agreed to sell French medical diagnostics business Sebia to rival Cinven, the latest in a series of buyouts focused in niche areas of healthcare. The deal announced on Monday values Sebia at about 800 million euros including debt, 12.5 times its 2009 earnings, sources familiar with the situation said. […]
ONCAP Management Partners, the mid-market private equity unit of Onex Corp., has agreed to acquire Sport Supply Group Inc. (Nasdaq: RBI), a maker and distributor of sporting goods and branded team uniforms to the institutional and team sports market. The deal is valued at approximately $169 million, or $13.55 per share in cash.
Denham Capital has agreed to sell the assets of Excel Telecommunications to Matrix Telecom Inc., a portfolio company of Platinum Equity. No financial terms were disclosed. Excel is an Irving, Texas-based provider of integrated voice and data communications products and services to residential, commercial and carrier customers.
LONDON (Reuters) – British fashion group French Connection (FCCN.L) is selling its loss-making Nicole Farhi brand and closing most of its U.S. stores, completing a restructuring aimed at returning it to profitability. The group, which has previously exited businesses in Japan and Northern Europe, said on Monday its after tax losses widened to 24.9 million […]
SS&C Technologies Inc., a Windsor, Conn.-basedfinancial management software company backed by The Carlyle Group, has set its IPO terms to 10.73 million shares being offered at between $13 and $15 per share. This is a reduction in the company’s plans, as it originally filed last December to raise $300 million. It had previously filed for, […]
LONDON (Reuters) – Private equity firm KKR and Warner Music Group (WMG.N) are in talks to launch a break-up bid for Warner’s indebted British rival EMI, the Sunday Times newspaper said. The paper said KKR is interested in acquiring the music publishing arm of EMI, which it says bankers value at around 1.2 billion pounds […]
CAIRO (Reuters) – Egyptian private equity firm Citadel Capital (CCAP.CA) has invested 1 billion Egyptian pounds ($183 million) in three Nile river ports and wants to invest in two more in the country, the daily al-Mal reported on Sunday. The firm is also eyeing investments in Sudanese river ports, and plans to link its port […]
Private equity firm Kohlberg Kravis Roberts & Co KKR.UL has filed to list its shares on the New York Stock Exchange, moving forward with its two-year effort to become a publicly traded company.
Mubadala Development Company has agreed to acquire a 9 percent equity stake in The Raine Group LLC, a firm which they seeks to capitalize on emerging investment opportunities in the media, entertainment and sports sectors around the world. Mubadala Development Company and William Morris Agency will be investors in Raine alongside private equity pioneer Ted Forstmann. Raine, a boutique merchant bank, was founded by Joe Ravitch, former senior partner and global head of media at Goldman Sachs, and Jeff Sine, former Vice-Chairman and global head of Technology, Media & Telecom at UBS.
Willbros Group, Inc. agreed to acquire InfrastruX Group, Inc., a utilities services company backed by Tenaska Capital Management, for $480 million in cash and stock. The company had previously filed to undergo a $290 million IPO. Tenaska acquired InfrastruX from Puget Energy Inc for $275 million in 2006.