Quicksilver Inc. (NYSE: ZQK), a maker of outdoor sports apparel, has secured a $150 million, 5-year senior secured term loan from private equity firm Rhone.Peter J. Solomon Co. advised Quicksilver on the deal.
MILAN/WASHINGTON (Reuters) – Italian automaker Fiat will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after a U.S. court delay threw the deal into doubt. Both Chrysler and the Obama administration have said a long delay could kill the deal and end up with Chrysler’s liquidation, and […]
SYDNEY (Reuters) – Australian rail and ports operator Asciano Ltd (AIO.AX) has received four final bids, including proposals from private equity group Carlyle Group CYL.UL, to either buy the whole company or its assets, two sources briefed about the process told Reuters on Tuesday. Asciano, which has A$4.6 billion ($3.6 billion) in bank debt, has […]
MUMBAI (Reuters) – U.S.-based private equity firm TPG is leading the race to buy a less than 15 percent holding in Pantaloon Retail (India) Ltd (PART.BO), the Mint reported on Tuesday, citing two people familiar with development. The talks are in an advanced stage and the India’s top listed retailer is looking at about 400 […]
NEW YORK (Reuters) – U.S. private equity firm Kohlberg Kravis Roberts & Co. has made a significant investment in East Resources Inc, the privately held natural gas company said on Tuesday. The size of the investment was about $350 million, according to a source familiar with the matter. Pennsylvania-based East Resources holds more than 650,000 […]
HONG KONG (Reuters) – Global and Chinese private equity funds including Bain Capital and FountainVest Partners have submitted bids to buy into a Chinese medical device maker backed by Citigroup (C.N), sources said on Tuesday. Citi Venture Capital International (CVCI) bought a roughly 70 percent stake in Landwind, a diagnostic imaging equipment distributor and manufacturer, […]
WASHINGTON (Reuters) – Australian blood products group CSL Ltd (CSL.AX) (CSL.AX) and smaller U.S. rival Talecris Biotherapeutics Holdings Corp have terminated their $3.1 billion merger agreement under pressure from U.S. antitrust regulators, the companies said on Monday. CSL, which also makes vaccines, said in August that it would buy Talecris, looking to boost its presence […]
Wilbur Ross on The Auto Industry: "Wilbur Ross sees trouble for suppliers who will need to restart parts production after Chrysler LLC and General Motors exit bankruptcy." (Auto News) ARRR: Footnoted.org finds evidence of pirates in SEC filings. (Freeseas) Barry Ritholtz: How to fix financial television. (The Big Picture)
LONDON (Reuters) – Lenders to Monier Group are poised to launch a takeover bid for the company before a looming debt deadline at the end of June, three sources with knowledge of the situation said on Monday. Monier’s current owner, PAI, is battling lenders for control of the heavily indebted French roofing company, a situation […]
Buyout shop Thomas H. Lee Partners has filed to take its credit unit public as a business development corporation (BDC). THL Credit Inc. seeks to raise $300 million in a blind pool IPO with no legacy investments, according to a June 1 filing with the Securities and Exchange Commission. Merrill Lynch, Citigroup Global Markets and Deutsche Bank […]