Leading Ridge Capital Partners has acquired Damage Recovery Systems Inc., a provider of returned goods management services and supply chain analysis for food and consumer packaged goods manufacturers. No financial terms were disclosed.
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. Carlyle Group hired Goldman Sachs to explore exit options for Arinc Inc., a defense and aviation company, Bloomberg reported. Card Factory, a UK greeting card company, is for sale and has garnered bids from Permira, Cinven and Summit Partners. (Reuters) Marsh & McLennan Cos Inc is selling its security consulting business, Kroll, $1.3 billion, according to the FT. (Reuters) Forsys Metals Corp, which was looking for strategic options, said it has completed its review and invited a select group of interested parties to submit proposals on funding of its key uranium project. (Reuters)
QuadraMed Corp. (Nasdaq: QDHC) shareholders have approved a $126 million take-private offer from Francisco Partners. The deal was first announced last December, and is now expected to close next week. Wells Fargo Foothill and Silicon Valley Bank had committed debt financing, although the deal does not include a financing condition. QuadraMed is a Reston, Va.-based provider of healthcare IT services.
FRANKFURT (Reuters) – German cable TV operator Kabel Deutschland (KDG) reduced the number of shares it will offer and set a price range for the shares for an initial public offering that could raise up to about 800 million euros. The company said in a statement on Wednesday that it planned to offer up to […]
(Reuters) – U.S. private equity firm Apollo Management LP has agreed to buy Citigroup’s (C.N) real estate investment division, Bloomberg said, citing a person with knowledge of the deal. The inclusion of Citi Property Investors to Apollo’s portfolio will more than triple the private equity firm’s real estate assets, the agency said. City Property Investors’ […]
NEW YORK (Reuters) – Private equity firm Carlyle has hired Goldman Sachs Group Inc (GS.N) to sell aerospace and defense company Arinc, a source familiar with the matter told Reuters. The company has not sent out a sales prospectus to potential buyers yet, and an auction will likely not start for another few weeks, the […]
LOS ANGELES (Reuters) – Six companies are expected to make binding offers for storied Hollywood studio Metro-Goldwyn-Mayer by a newly set March 19 deadline, a source familiar with the situation said on Tuesday. Those expected to participate in the new round of bidding include Time Warner (TWX.N), Lions Gate (LGF.N), Liberty Media Corp (LINTA.O), Access […]
NEW YORK (Reuters) – Neiman Marcus Inc. reported a quarterly profit on Tuesday as shoppers returned to its upscale department stores over the holidays and the retailer avoided profit-eating discounts by keeping inventories low. The privately held chain, which reported losses a year earlier, also received a lift from its online and catalog Neiman Marcus […]
LONDON (Reuters) – A clutch of private equity firms have bid up to 400 million pounds ($599.5 million) for British greetings card retailer Card Factory, sources familiar with the process said, as buyout firms scour the sector for deals. European buyout houses Permira, Cinven and Summit Partners, a U.S. firm specialising in minority and majority […]
LONDON (Reuters) – British waste management company Shanks (SKS.L) ended talks with buyout firm Carlyle Group after rejecting a reduced 120 pence per share indicative cash offer, sending its shares down 14.5 percent. Shanks said it received a final offer from Carlyle on Monday valuing the business at 476 million pounds ($713 million), lower than […]