Compass Automotive Group Inc., a provider of aluminum and magnesium component solutions to automakers and auto suppliers, has acquired the aluminum die casting and machining operations of Citation Corp. No financial terms were disclosed. Compass is a portfolio company of Monomoy Capital Partners.
KPS Capital Partners has completed its acquisition of Anheuser-Busch InBev’s Labatt USA unit. It also bought High Falls Brewing Co. and a perpetual license for the Seagram's Cooler Escapes and Seagram's Smooth brands from Pernod Ricard USA. No financial terms for any of the transactions were disclosed.
NEW YORK (Reuters) – KKR Private Equity Investors LP (KPE) (KKR.AS), Kohlberg Kravis Roberts & Co’s Amsterdam-listed fund, said on Sunday it has agreed to sell portions of five of its investments to a KKR-sponsored fund for $200.4 million in cash in order to boost KPE’s liquidity. KPE said it would transfer stakes in Biomet, […]
LONDON (Reuters) – Management teams at collapsed Australian-listed infrastructure investor Babcock & Brown (BNB.AX) are seeking finance for management buyouts, according to newspaper reports on Sunday. Antonino Lo Bianco, Babcock’s European head of infrastructure, is believed to be seeking backing to buy its European infrastructure and wind farm funds, the Independent on Sunday cited a […]
LONDON (Reuters) – Two investors in Setanta have written off the value of their investments in the Irish pay television broadcaster after it lost one of its deals to show live Premiership soccer, according to a report on Sunday. Doughty Hanson, which owns about a fifth of Setanta, and Goldman Sachs (GS.N), which directly owns […]
(Reuters) – With a storied history and a high profile name, the New York Stock Exchange has long been the place to go with a big initial public offering. But with rival Nasdaq OMX Group (NDAQ.O) stepping up efforts to snag companies beyond its traditional niche of smaller firms and directly taking on the NYSE […]
LONDON (Reuters) – Lenders to Italian coffee machine maker Saeco International Group are considering a debt-for-equity offer proposed by private equity owner PAI Partners, two sources familiar with the situation said. PAI has asked for the company’s 562 million euro ($723.3 million) debt to be halved in exchange for injecting more cash into the company, […]
NEW YORK (Reuters) – Private equity firm Carlyle Group LLC plans to raise its stake in personal handyphone system, or PHS, service provider Willcom Inc by acquiring shares in a private placement, the financial daily Nikkei said in its Saturday edition. PHS is a low-cost wireless network system used mostly in Asia, particularly in Japan, […]
BANGALORE (Reuters) – Fraud-hit Satyam Computer Services Ltd (SATY.BO) said on Friday that Indian and international firms, including private equity companies, had registered to bid for a controlling stake. The outsourcing company said it had received an adequate response but did not name or number the bidders. Two investment banking sources told Reuters some eight […]
(Reuters) – Terra Firma, the British private equity firm controlled by Guy Hands, said it has bought Australia’s second-largest beef producer from gaming tycoon James Packer. Consolidated Pastoral Company (CPC) has more than 300,000 cattle and more than 5 million hectares of land, with holdings in Northern Territory, Western Australia and Queensland. “The long-term demand […]