U.S. private equity firm Bain Capital LLC plans to acquire Japan Wind Development Co Ltd through a tender offer in a deal worth up to 9.7 billion yen ($81 million), the Nikkei business daily reported on Monday.
Tenet Healthcare Corp. is buying United Surgical Partners International, a portfolio company of Welsh, Carson, Anderson & Stowe, in a joint venture. Terms of the deal, call for Tenet to initially own 50.1 percent. Over the next five years, Tenet will have a path to full ownership through a put/call structure. Tenet said is paying $425 million cash to Welsh Carson and other existing shareholders. In a separate transaction, Tenet is buying Aspen Healthcare from Welsh Carson for approximately $215 million in cash. Aspen Healthcare will not be included in the new joint venture. Welsh Carson acquired Dallas-based USPI, a provider of a short-stay surgical facilities, in 2007. Aspen Healthcare Ltd., of London, operates nine private hospitals and clinics in the United Kingdom.
The European Loan Programme has provided a 265 million pound (US$395.3 mln) loan to fund KKR’s buy of theTrainline. London-based theTrainline is an online platform to sell rail tickets to consumers. The European Loan Programme is a joint venture between Ares Management and GE Capital. The ELP provides senior debt financing to upper middle market European companies.
Fullbeauty Brands is paying its third dividend since being sold to Charlesbank Capital Partners and Webster Capitaltwo years ago.
Targeting a niche market like quilting helped High Road Capital Partners sew up a profitable exit.
Fullbeauty Brands is paying its third dividend since being sold to Charlesbank Capital Partners and Webster Capital two years ago.
An affiliate of U.S. private equity firm HIG Capital has completed the recapitalization of Fox River Fiber LLC, a De Pere, Wisconsin-based manufacturer of premium de-inked recycled pulp produced using post-consumer waste paper. The transaction's value was not disclosed. HIG said Fox River will also been combined with Rolland Enterprises Inc, a producer of ecological fine papers and security papers with headquarters in Saint-Jérôme, Quebec. Last July, HIG acquired Rolland Enterprises, formerly the fine papers division of Cascades Inc, for $39.5 million.
Valiant Capital has agreed to make a $15 million investment in Mahindra First Choice Wheels Ltd. Based in India, Mahindra First Choice is a used car company.
Audax Group has agreed to acquire AllOver Media. Minneapolis, Minn-based AllOver Media operates an out-of-home advertising platform. BMO Harris, Webster Bank and BB&T Capital Mezzanine is providing financing for the deal.
Terminix, a portfolio company of U.S. private equity firm Clayton Dubilier & Rice (CD&R), recently bought pest and wildlife control providers Excel Pest Control Ltd and Cabot Pest Control Ltd. The values of the acquisitions were not disclosed. Excel Pest Control is located in Fredericton, New Brunswick, while Cabot Pest Control is located in St. John's, Newfoundland and Labrador. Including these companies, Terminix has acquired a total of five companies in Canada since 2013. Terminix is a subsidiary of Memphis, Tennessee-based ServiceMaster Company LLC, which has been backed by CD&R since 2007.