WASHINGTON (Reuters) – Talks on a $700 billion rescue for the U.S. financial system fell into chaos on Thursday amid accusations Republican presidential candidate John McCain scuppered the deal, and U.S. authorities closed Washington Mutual and sold its assets in America’s biggest ever bank failure. As negotiations over an unprecedented billion bailout plan to restore […]
Water Street Healthcare Partners has completed its acquisition of a 69% stake in CareCentrix, a ancillary care benefit management business of Gentiva Health Services Inc. (Nasdaq: GTIV). The transaction was valued at approximately $147 million.
PARIS (Reuters) – Centaurus Capital halved its stake in the French IT services company Atos Origin (ATOS.PA: Quote, Profile, Research, Stock Buzz) just two months after winning a landmark strategy battle with the board, but a source close to the activist fund said on Thursday it had no immediate plans to walk away from the […]
HONG KONG (Reuters) – Private equity firms, already hit hard by the credit crunch’s impact on lenders, face an even tighter lending market for pending deals after the recent Wall Street shake-up. Even in Asia, a hot economic region thought to be ripe for private equity deals, the Wall Street upheaval is having an effect. […]
TowerCo, a portfolio company of Tailwind Partners, has completed its acquisition of approximately 3,300 wireless communication towers from Sprint Nextel for $670 million in cash. The two companies also entered into a long-term leasing agreement whereby TowerCo will provide Sprint with towers to support its CDMA, iDEN and WiMAX networks. Equity for the acquisition was […]
Birch Hill Equity Partners and Westerkirk Capital have completed their acquisition of Sleep Country Canada Income Fund, a publicly-traded Canadian mattress retailer. The bid is valued at C$299 million, or C$22 per share. In addition, the bidders assumed approximately C$57 million in Sleep Country debt.
European Capital has invested €30 million in Compagnie Europeenne de Prestations Logistiques, a European logistics company focused on the outsourcing of automated multi-product order preparation. The deal values at CEPL at between €550 million and €600 million.
Lineage Power Holdings Inc., a portfolio company of The Gores Group, has agreed to acquire Cherokee International (Nasdaq: CHRK), a maker of switch-mode power supplies for datacom, telecom, medical and process-control applications. The deal is valued at approximately $105 million, or $3.20 per share. PRESS RELEASE Cherokee International (NASDAQ: CHRK) announced today that it has […]
JERUSALEM (Reuters) – A group led by media mogul Haim Saban and private equity firm Apax Partners exercised its option to buy an additional 10.66 percent of Bezeq Israel Telecom (BEZQ.TA: Quote, Profile, Research, Stock Buzz) for 1.08 billion shekels ($318 million). In late 2005, Saban, Apax and businessman Mori Arkin bought a controlling 30 […]
(Reuters) – Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz), the large U.S. savings and loan company crippled by mortgage losses, has approached private equity firms about a potential takeover after listed firms showed reluctance, the Wall Street Journal. Carlyle Group CYL.UL and Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz), who would […]