LONDON/DUBAI (Reuters) – Dubai World’s investment arm Istithmar aims to sell port and shipping agent Inchcape Shipping Services (ISS) for up to $700 million, and has drawn interest from private equity, people familiar with the matter said. Istithmar is likely to appoint Bank of America Merrill Lynch and Royal Bank of Scotland to manage the […]
NEW YORK (Reuters) – Initial bids for Interactive Data Corp (IDC.N), the financial market data provider controlled by Pearson PLC (PSON.L), are due in mid-February, sources familiar with the situation said. Interactive Data has a market value of about $2.8 billion, based on Tuesday’s closing share price of $29.35 on the New York Stock Exchange. […]
Linden LLC has acquired Hycor Biomedical Inc., a Garden Grove, Calif.-based maker of in vitro diagnostic products, from Agilent Technologies (NYSE: A). No financial terms were disclosed. Thomson Weisel Partners advised Agilent on the sale
Dedicated Transport Holdings LLC, a portfolio company of Centerfield Capital and Patriot Capital, has acquired All Star Transportation Inc., a provider of liquid bulk trucking services to water treatment plants throughout the United States. No financial terms were disclosed.
Platinum Equity has completed its $70 million acquisition of several brands and related assets of bankrupt Minneapolis-based boat manufacturer Genmar Holdings.
MUMBAI (Reuters) – Privately-held telecom tower manager Tower Vision India Pvt Ltd said on Wednesday it had secured equity financing from eight international investors led by private equity firm Quadrangle Capital Partners. Gurgaon-based Tower Vision did not disclose the size of the transaction, but said the equity financing and concurrent debt financing would provide it […]
MUMBAI (Reuters) – Citigroup’s (C.N) Mauritius arm is selling its 5 percent stake in Multi Commodity Exchange of India Ltd (MCX) to Ashmore Group Plc for $40 million, the Mint newspaper reported on Wednesday, citing two people familiar with the deal. The deal values the Indian commodity exchange at about $800 million, less than the […]
ABRY Partners has sponsored a minority recap of HealthTran LLC, a Greenwood Village, Colo.-based provider of healthcare transaction management IT solutions. No financial terms were disclosed. SDR Ventures advised HealthTran on the deal.
NEW YORK (Reuters) – Troubled U.S. bond insurer Ambac Financial Group Inc (ABK.N) has hired Blackstone Group (BX.N) to help it restructure, according to sources familiar with the matter. Ambac has said in public filings that it is working on a strategy to address liquidity concerns. The company, like its larger rival MBIA Inc (MBI.N), […]
LONDON (Reuters) – Indebted Dutch reality television producer Endemol is fighting to stave off a loan covenant breach and a wider debt restructuring as it struggles to manage its 2.3 billion euro ($3.20 billion) debt, investors said on Tuesday. Three investors in Endemol’s leveraged loan — GoldenTree, Sankaty and Centerbridge — queried the company’s use […]