Silver Lake Partners LP agreed to pay $29.5 million to settle a lawsuit that accused it and several other large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis, court records showed.
Friends Life Group Ltd said it would sell Lombard, its European wealth advisory arm, to Blackstone Group for an initial consideration of 317 million pounds ($532 million), and use part of the proceeds to buy back shares, Reuters reported.
Dutch software company Exact Holding is in sale talks with a series of private equity funds, including Apax and KKR, in a deal to take the company private that could be worth around one billion euros ($1.4 billion), sources told Reuters.
New Zealand's biggest unlisted property investment trust said on Thursday it had sold a portfolio of 18 commercial and office buildings to Public Sector Pension Investment Board (PSP Investments) for more than US$881.7 million, Reuters reported. Among the properties being sold are two large retail centers in the biggest city, Auckland, and a central city office block and shops in the capital, Wellington. AMP Capital will provide management services for the properties.
The Caisse de dépôt et placement du Québec has acquired a 24.7 percent interest in Invenergy Wind, a wind power generation company owned by the Chicago-based Invenergy LLC. The deal's financial terms were not published. In early 2013, the Caisse bought an interest in an Invenergy wind farm portfolio, comprising 13 projects in the United States and Canada, including Le Plateau in Gaspésie. Last April, it added a second Québec wind farm, investing $42 million in the Parc des Moulins project at Thetford Mines. The Caisse will be a minority shareholder of the operating company as a result of the latest transaction.
Elephant Bar, the restaurant chain backed by buyout shop KarpReilly that filed for bankruptcy last month, may still find a buyer.
Kainos Capital has acquired the Slim-Fast brand from Unilever. No financial terms were disclosed; however, Unilever will retain a minority stake in the business. Also, Chris Tisi, CEO and founder of Healthy Delights, has also been named CEO of Slim-Fast. Slim-Fast is a provider of weight loss and meal replacement products.
Global investment company Kohlberg Kravis Roberts & Co LP has joined with Pacific Equity Partners (PEP) to ready a joint bid for compliance company SAI Global, Australian media reported on Thursday.
Erecruit has closed $25 million in funding from North Bridge. Headquartered in Boston, Erecruit is a provider of enterprise staffing software and vendor management solutions for large staffing firms.
Helios Towers Africa has received $630 million in funding. The investors include Quantum Strategic Partners, Helios Investment Partners, Albright Capital Management, RIT Capital Partners, the International Finance Corp., Providence Equity Partners and IFC African, Latin American and Caribbean Fund. HTA is a telecommunications towers firm in Africa.