Oak Hill Capital Partners has distributed its remaining equity interest in the corporate outsourcing business ExlService Holdings to its partners, or 5,542,504 shares of the company’s common stock in aggregate. Oak Hill is a New York-based private equity firm. PRESS RELEASE: Oak Hill Capital Partners, L.P. and Oak Hill Capital Management Partners, L.P. (collectively, the “Oak […]
India’s L&T Infrastructure Development Projects Ltd is in talks with private-equity investors including Temasek Holdings to raise $250 million to $300 million, Reuters reported. Emerging markets private-equity firm Actis and India’s IDFC Project Equity are also in separate talks to invest in the company, Reuters wrote. (Reuters) – India’s L&T Infrastructure Development Projects Ltd (L&T […]
Apollo Global Management, Riverstone Holdings, Access Industries, Korea National Oil Corp. and other investors have completed the acquisition of oil and gas producer EP Energy. The deal is valued at $7.15 billion. EP Energy will remain headquartered in Houston. PRESS RELEASE EP Energy (the “Company”), a leading North American oil and gas producer, today announced […]
CalSTRS, the California teachers’ pension, is buying the majority stake in LCOR, a real estate management and investment company. The transaction is valued at $800 million and the pension has plans to expand some of the company’s projects. PRESS RELEASE: BERWYN, PA – The California State Teachers’ Retirement System (CalSTRS) has acquired a majority interest […]
Israeli conglomerate Delek Group is examining the sale of its stake in The Phoenix Holdings insurance group in the wake of a government decision to break up some of the country’s biggest conglomerates, Reuters reported Thursday. Reuters wrote that buyout shop KKR was among those interested in the stake. (Reuters) – Israeli conglomerate Delek Group […]
Sovereign wealth fund China Investment Corp. is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc. The involvement of CIC, China’s giant […]
Silver Lake and Partners Group have agreed to buy Swiss-based tax-free shopping business Global Blue for 1 billion euros ($1.3 billion) from rival Equistone, Reuters reported Thursday. The two investors beat a handful of other buyout groups including BC Partners, EQT and TH Lee to buy the fast-growing business. Headquartered in Nyon, Switzerland, Global Blue’s […]
Global Blue, the duty-free shopping group, is being sold from Equistone Partners Europe to Silver Lake and Partners Group for approximately €1 billion. Reuters reported the team beat out investors including TH Lee and BC Partners to win the deal. PRESS RELEASE: NYON, SWITZERLAND AND LONDON, UK – 24 May 2012 – Silver Lake, the […]
The CIT Group has appointed Neil Wessan as MD and group head of CIT Capital Markets effective immedlatey. Previously, Wessan was head of capital markets at Gleacher & Co. PRESS RELEASE CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced the appointment of Neil […]
Royal Adhesives & Sealants, which is backed by Arsenal Capital Partners, said Wednesday that it will buy nearly all the assets of Clifton Adhesives. Financial terms weren’t announced. Clifton Adhesive is a specialty adhesive manufacturer. PRESS RELEASE Royal Adhesives & Sealants (Royal) a portfolio company of Arsenal Capital Partners (Arsenal) announced that Royal will acquire […]