Spain's nationalised lender NCG Banco said on Monday it has agreed to sell its EVO Banco unit to Apollo Management, writes Reuters. EVO Banco is a network of some 80 branches around Spain, outside the northern region where NCG Banco has its core operation.
A consortium of Ares Management LLC and the Canada Pension Plan Investment Board is in advanced talks to acquire upscale U.S. retailer Neiman Marcus Inc from TPG Capital LP, Warburg Pincus LLC and Leonard Green Partners LP, sources told Reuters.
Johnson & Johnson has launched a sale process for its Ortho Clinical Diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch around $5 billion, Reuters is reporting.
Brookfield Infrastructure announced this week that it has invested an additional $490 million in Arteris S.A., a Brazilian operator of toll roads. Brookfield had first invested in the company in August 2012, and, with this investment, increases its ownership in Arteris to 31%.
Carlyle Group LP and Hellman & Friedman LLC are among the private equity firms competing for One Call Care Management Inc, a medical cost containment services company that is on the block for more than $1.5 billion, sources told Reuters.
Singapore's sovereign wealth fund GIC GIC.UL and U.S. private equity group Blackstone are each set to buy 30 percent stakes in Goldman Sachs Group Inc's, British pensions insurance operation, Rothesay Life, the Financial Times reported on Thursday, citing people familiar with the matter.
Kohlberg Kravis Roberts & Co is set to gain preferential negotiating rights for a majority stake in Panasonic Corp's healthcare unit, sources familiar with the matter said, a potential $1.5 billion deal that would mark the U.S. firm's largest investment in a Japanese company, Reuters reported.
Covenant-lite loan volume has nearly doubled in 2013 at about $163.6 billion in the year to date, according to Standard & Poor's Leveraged Commentary & Data. This is up from $86.8 billion for all of 2012, said S&P LC&D.
Private equity firm KKR & Co LP (has agreed to buy car and property claims software company Mitchell International Inc from Los-Angeles based buyout firm Aurora Capital Group, Reuters reported.
Aurora Capital is selling Mitchell International to KKR. Financial terms weren't announced. San Diego-based Mitchell provides technology, connectivity and information solutions to the property & casualty claims and collision repair industries. BofA Merrill Lynch and Three Ocean Partners advised KKR. Goldman, Sachs & Co. provided financial advice to Mitchell. William Blair & Company and Guggenheim Securities also advised Mitchell.