Nordion Inc, a Canadian supplier of medical isotopes, said it had cleared a U.S. antitrust hurdle, paving the way for the company to be acquired by Sterigenics International, Reuters reported. The U.S. Federal Trade Commission terminated the waiting period for the acquisition. Last month, shareholders of Nordion voted to support a US$805 million takeover offer by Sterigenics. The deal is expected to close later this year.
Canadian private equity firm Onex Corp is in advanced discussions to buy insurance claims services provider York Risk Services Group Inc for more than US$1.3 billion, sources told Reuters. U.S. private equity firm ABRY Partners currently owns the Parsippany, New Jersey-based company, which provides third-party claims management for all lines of insurance including general liability and workers' compensation. A deal announcement could come as early as next week, sources said.
Expert Global Solutions said Monday that it has agreed to sell "certain segments" of its accounts receivable management business to Platinum Equity. No financial terms were disclosed for the transaction, which is expected to close in the next several months. Credit Suisse Securities provided financial advice to EGS. Once the deal is completed, the business will run as Transworld Systems Inc.
TPG Alternative and Renewable Technologies led a more than $110 million equity and debt financing round for VitAg, a specialty fertilizer firm in Beach Island, South Carolina. As a result of the financing, TPG ART has now become the largest shareholder in VitAg.
Abraaj Investment Management, an affiliate of United Arab Emirates' Abraaj Capital, has made an approach to buy at least a 51 percent stake in Egypt's snack maker Bisco Misr, Bisco Misr said in a statement on Sunday.
Canadian private equity firm Onex Corp is in advanced discussions to buy insurance claims services provider York Risk Services Group Inc for more than $1.3 billion, sources told Reuters.
Global commodity trader Noble Group Ltd has joined forces with a private equity group to set up an energy investment fund run by a former Royal Dutch Shell executive, its second such arrangement in a year, Reuters reported.
Carlyle and Riverstone said Monday that they have agreed to sell Quorum Business Solutions to Silver Lake Partners and Silver Lake Kraftwerk. No financial terms were disclosed. Based in Houston, Quorum is a a provider of business and IT solutions for the oil, gas and renewable energy sector.
China's Hony Capital has struck a deal with Gondola Group to buy Britain's Pizza Express chain for about 900 mln pounds ($1.6 billion), writes Reuters. The group already runs 12 restaurants in Hong Kong and nine in Shanghai. It has 436 in Britain.
Kohlberg Kravis Roberts has agreed to acquire 49 percent of the shares in each of Switzerland-based media enterprise company Ringier's subsidiaries Scout24 Schweiz and Omnimedia. Scout24 Schweiz operates online markets for motor vehicles, real estate and classified ads. Omnimedia is a digital marketing company. Financial details were not disclosed, and the deal still requires regulatory approvals.