KKR is in preliminary talks to buy Brazilian health insurer Golden Cross Planos de Saúde SA, Valor Econômico newspaper reported on Monday, writes Reuters. Founder Milton Afonso wants about 1.1 billion reais ($528 million) for Golden Cross, according to the report.
L'Oréal is to acquire Urban Decay from Castanea Partners. Based in Newport Beach California, Urban Decay was created in 1996 by make-up expert Wende Zomnir.
Dallas-based private equity firm Highlander Partners has acquired Polish transfer agent services provider, ProService Agent Transferowy. Enterprise Investors' portfolio company Skarbiec has sold the business.
Central European private equity fund Innova Capital and the European Bank for Reconstruction and Development are investing in EnergoBit Group, an electrical engineering services company in Romania. Innova Capital will become a controlling shareholder in the company.
KKR is buying Alliant Insurance Services from the Blackstone Group. Financial terms weren't announced. Alliant's management and employees own about 45% of the company and are rolling over a "substantial portion," a statement says. Alliant is a specialty insurance brokerage firm. The deal is expected to close in fourth quarter. JP Morgan Chase and Blackstone Advisory Partners acted as financial advisors to Blackstone.
Toronto-based buyout shop Kilmer Capital Partners today announced the close of a majority investment in Compact Power Equipment Centers Inc. of Fort Mill, South Carolina, a leader in the rental, service and sale of commercial and towable construction equipment. Kilmer partnered in the deal with company management and another Canadian private equity investor, TerraNova Partners LP.
eyevis, a global supplier of large screen systems has been acquired by Frankfurt-based private equity fund Brockhaus Private Equity. Financing for the transaction was provided by Brockhaus Private Equity II.
CDIB Capital International Corporation, the international private equity investment arm of China Development Financial Holdings Corporation, has closed on an investment in Smith-Cooper International, alongside strategic partner Blue Point Capital Partners. Formed in 1993, Smith-Cooper is a producer of pipe, valves and fittings to a wide range of customers and end markets.
UK-based Hancocks Group, which includes Hancocks Cash and Carry, has been sold to its management and H2 Equity Partners. The new ownership sees both Andrew and Adrian Hancock step back from the company. Investec has provided H2 Equity Partners with a debt and mezzanine financing package.
Chinese language Internet search provider Baidu has announced the pricing of its bond offer. The public offering consists of US$750,000,000 of 2.250% notes due 2017 and US$750,000,000 of 3.500% notes due 2022. The joint bookrunners of the offering are J.P. Morgan Securities and Goldman Sachs (Asia). PRESS RELEASE Baidu, Inc. (NASDAQ: BIDU) (“Baidu” or the […]