Apax Partners has agreed to acquire Europe Snacks from IK Investment Partners. No financial terms were disclosed for the transaction, which is expected to close before the end of the year. Europe Snacks is a maker of snacks under private label brands.
Private equity firms are circling UK mutual The Co-operative Group, hoping the food-to-funerals group will be forced into selling off parts of its business as it battles to contain a scandal engulfing its banking arm, Reuters reported.
Charter Communications Inc is nearing an agreement with banks to raise funds for a bid for Time Warner Cable Inc, the Wall Street Journal reported, citing people familiar with the situation.
BC Partners Ltd, Onex Corp and American Securities LLC are competing for Ikaria Inc, a private equity and venture capital-backed specialty drug company that may fetch up to $2 billion, sources told Reuters.
Deutsche Telekom AG has agreed to sell a 70 percent stake in online classified advertising business Scout24 Holding GmbH to Hellman & Friedman at an enterprise Value of EUR 2 billion (US $2.7 billion). Deutsche Telekom is keeping a 30 percent stake. The deal is expected to close in first quarter 2014 and generate cash proceeds at the close of about EUR 1.5 billion. Goldman Sachs and Jefferies acted as financial advisors to Deutsche Telekom.
Aurora Capital Group has completed its sale of Porex Corp. to Filtration Group. Financial terms weren't announced. Fairburn, Ga.-based Porex developes porous polymer materials. Robert W. Baird & Co. acted as financial advisor to Porex.
National Response Corp., which is backed by J.F. Lehman & Company, has completed its buy of RK Contractors. Financial terms weren't announced. Truckee, Calif.-based TRK is a specialty environmental and industrial services contractor in the Northern California and Nevada region.
Fifth Street Management has funded a $75 million term loan to support First Choice Emergency Room's continued growth. First Choice, which is backed by Sterling Partners, is a freestanding emergency room system.
Moelis Capital Partners has acquired OmniSYS from CIC Partners. Financial terms weren't announced. Dallas-based OmniSYS provides medical claims reimbursement and compliance services for pharmacies and medical equipment providers. Bill Suddath and Ben Brown of Robert W. Baird advised OmniSYS.
Party City Holdings Inc, the largest U.S. party goods retailer acquired just over a year ago by buyout firm Thomas H. Lee Partners LP for $2.69 billion, is preparing for an initial public offering, sources told Reuters