Private equity firms Providence Equity and Madison Dearborn teamed with Ontario Teachers Pension Plan and BCE Inc. to acquire Canadian data center operator Q9 Networks in a $1.1 billion deal. BMO, RBC and TD are providing debt financing for the transaction. BMO Capital Markets and TD Securities served as advisors on the deal. PRESS RELEASE: […]
Global announced mergers crawl during holiday week.
KPS Capital Partners has completed its acquisition of Robert Bosch’s automotive foundation brakes business, through a newly-formed affiliate, Chassis Brakes International Group, the firm announced. Financial terms of the transaction were not disclosed. Lazard Frères & Co. acted as financial advisor, and Hengeler Mueller acted as legal counsel to KPS. PRESS RELEASE KPS Capital […]
Swiss buyout shop Capvis has acquired natural clothing company Hessnatur from its previous owner Primondo Specialty Group GmbH. Terms of the deal were not released. PRESS RELEASE Capvis, the leading private equity firm in Switzerland, has acquired hessnatur based in Butzbach, near Frankfurt am Main, Germany from its previous owner Primondo Specialty Group GmbH. The […]
Private equity firms have tabled offers for logistics group GEFCO, valuing the business that ships cars around the world for French auto maker PSA Peugeot Citroen at up to 1.2 billion euros ($1.48 billion), Reuters wrote Friday. At least six private equity groups including Apollo, Axa Private Equity, Bain, CVC, PAI and Pamplona tabled indicative […]
Private equity property funds run by Blackstone and Morgan Stanley will pay A$640 million ($621 million) to acquire an A$1.9 billion portfolio of distressed property loans in Australia from a unit of Lloyds Banking Group, Reuters wrote on Friday. The firms will pay about 34 cents on the dollar for the distressed debt. (Reuters) – […]
Japanese buyout firm Unison Capital is seeking a buyer for its popular sushi restaurant chain Akindo Sushiro, in a transaction that could be worth as much as 70 billion yen ($893 million) and mark one of the largest private equity sales in the country in recent years, Reuters reported Friday. Unison, Japan’s second-largest private equity […]
Private equity firm BC Partners has attracted first-round offers for SGB Starkstrom, a manufacturer of power transformers, two sources close to the matter told Reuters. BC Partners, which has mandated Goldman Sachs to organize the sale, hopes fetch up to 1 billion euros ($1.24 billion), the sources said on Thursday, adding that more bids could […]
Azini Capital, the UK-based private equity firm, will back OneSpin Solutions, the Germany-based commercial EDA company, with new funding. Azini acquired OneSpin in January 2011. Based in Munich, OneSpin was established in 2005 by private equity firm Apax Partners and Infineon AG. Specifics of the follow-up funding, revealed May 31, were not specified. PRESS RELEASE: […]