The owner of Britain's Guardian newspaper has agreed to sell its 50.1 percent stake in cash-generative Trader Media Group to private equity firm Apax for around 600 million pounds ($985.2 million), Reuters reported.
The Russian Direct Investment Fund and the European Bank for Reconstruction and Development will make a joint investment of 3.6 billion rubles in Cotton Way, a Russian commercial laundry and textile management company. Each party will contribute 50 percent of the investment.
AnaCap Financial Partners-backed Aldermore, a UK-based bank, has raised £40 million of new capital from institutional investors Toscafund and Lansdowne Partners. The two new investors join existing investors including Morgan Stanley Alternative Investment Partners, Goldman Sachs Asset Management, Ohio Public Employees Retirement System and Honeywell Capital Management. AnaCap remains the lead investor in the bank.
Kohlberg Kravis Robert's KKR Asset Management has agreed to provide €100 million to Italian vending machine business Gruppo Argenta to partially repay current lenders as well as to provide liquidity for growth. Incumbent shareholders will invest €10 million alongside KKR.
TPG-backed Par Pharmaceutical Companies has agreed to acquire the parent company of JHP Pharmaceuticals, a specialty pharmaceuticals business that develops, manufactures and markets branded and generic sterile injectable products. Par expects to close the deal in the first quarter.
Anheuser-Busch InBev has agreed to reaquire Oriental Brewery, a South Korean brewer, from Kohlberg Kravis Roberts and Affinity Private Equity for $5.8 billion. AB InBev sold Oriental Brewery in 2009, following the combination of InBev and Anheuser-Busch, in support of a company deleveraging. AB InBev will reacquire the company earlier than July 2014, as it was originally entitled under the 2009 deal.
Darby Asia Opportunities Fund III has provided financing to an EQT-led consortium that acquired a majority stake in franchise operator China F&B Group. Board members and management invested together with the new controlling shareholders and the founder, Mr. Li Ping, who continues to own shares in the company and act as chairman.
Warburg Pincus has acquired a majority stake in asset manager Source. Existing shareholders, including five investment banks BofA Merrill Lynch, Goldman Sachs, JP Morgan, Morgan Stanley and Nomura, will continue as minority shareholders. Lee Kranefuss, executive-in-residence at Warburg Pincus, will join the company as executive chairman.
Segulah IV LP has entered into an agreement to acquire KP Components. KP Components was founded in 1969 by Poul Krogh Pedersen and focuses on offering machined metal components, using state of the art technology, to customers and applications, examples of which include hydraulics, power generation and fluid transportation.
CapMan Buyout has invested in The North Alliance. The business is a Nordic digital communications group.