Online jewelry retailer BIDZ.com Inc. said it will be taken private by Glendon Group Inc., in a deal valuing the company at about $14.3 million. Glendon will pay 78 cents per share, which represents a premium of about 60% to BIDZ’s Wednesday closing price. (Reuters) – Online jewelry retailer BIDZ.com Inc said it will be […]
Global insurers Manulife Financial Corp., Metlife and Prudential Financial Corp. are among suitors expected to place first-round bids on Friday to buy ING Groep’s Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, Reuters reported. (Reuters) – Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N) […]
Private equity firm Carlyle Group is in talks to sell its stake in Taiwan’s Ta Chong Bank to Yuanta Financial in a deal worth up to T$37 billion ($1.25 billion), Reuters wrote Friday. Carlyle is exiting its five-year investment in the small and slow-growing Taiwanese bank in a share swap deal that will also give […]
Publicly traded financial lender CIT Group is providing a senior secured asset-based credit facility to retailer John Varvatos Enterprises in conjunction with the company’s acquisition by private equity firm Lion Capital. PRESS RELEASE: CIT Group Inc. (NYSE: CIT – News) cit.com, a leading provider of financing to small businesses and middle market companies, today announced […]
Century-old specialty paper maker Appleton Papers, based in Appleton, Wisconsin, will combine with Hicks Acquisition Company of Dallas, a special purpose acquisition company founded and headed by Thomas Hicks, to create a combined company on the Nasdaq. The companies are not disclosing how much of a stake in Appleton Hicks is getting for its investment […]
Affiliates of the private equity firm H.I.G. Capital have acquired Comverge, an energy management company, for $1.75 per share in cash in a roughly $49 million buyout. Comverge is based in Norcross, Georgia. PRESS RELEASE: Comverge, Inc. (“Comverge”) and H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm, today announced that they have […]
Piramal Healthcare, a Mumbai-based pharmaceuticals company, has agreed to acquire the Burlington, Mass.-based healthcare data provider Decision Resources Group from Providence Equity Partners for approximately $635 million. PRESS RELEASE: Piramal Healthcare Limited, an innovation led company, has agreed to acquire Decision Resources Group a US based company in the healthcare information segment, from Providence Equity […]
Twenty billion dollars is a heck of a lot of money. That's how much Mark Zuckerberg, Facebook's founder and chief executive, is worth now that Facebook has priced its initial public offering at $38 per share. But just how much dough is $20 billion these days? Here are a few ways to think about it...
Palladium Equity Partners may finally get to exit Taco Bueno after seven years.
Pearson, the London-based learning company, is today announcing the acquisition of Certiport from Spire Capital Partners for $140 million in cash. Founded in 1997 in Utah, Certiport develops, markets and distributes certification exams and practice tests of IT and digital literacy skills PRESS RELEASE: Pearson, the world’s leading learning company, is today announcing the acquisition of […]