Private equity hasn't fallen out of favor with mid-market executives, who are increasingly likely to partner up with PE for M&A.
Altor 2003 Fund is selling Meyn Holding B.V., the parent company to poultry processing company Meyn Food Processing Technology. The buyer is CTB Inc., a subsidiary of Berkshire Hathaway Inc., and a manufacturer of agricultural systems and solutions. Terms of the deal were not released. Meyn is based in The Netherlands. PRESS RELEASE Altor 2003 […]
Private equity group Blackstone Group has made its first acquisition in Singapore, buying the StarHub Green project from Germany’s SEB Asset Management for S$215 million ($173 million). Blackstone bought the 400,000-square-foot business park as part of an opportunity real estate fund, according to a source familiar with the deal. SEB and Blackstone agreed to the […]
This morning's First Read has some news that could spell trouble for markets, the latest from Omaha, and the Amazon effective tax rate.
AXA Private Equity said Friday that it will arrange a €22 million mezzanine tranche alongside Euromezzanine to support Sagard’s buy of Stokomani. BNP Paribas and Société Générale are arranging the senior debt supporting the acquisition, with a senior debt package of up to €96 million. Stokomani is a French discount retailer of high-end brands. PRESS […]
Stunningly, our readers weren't most intrigued by Carlyle on its big IPO week (maybe they weren't buying in)--instead, readers wanted to know more about KKR, which other IPOs have had some pop, and how VCs are heading back to school.
Blackstone's stock may not be up, but CalPERS is set to open up a major managed account with the listed investment firm.
The week's top PE-deal involves shoes.
South Korea’s SK hynix dropped out of the race to buy Elpida Memory Inc., dimming the prospects for a deal that the ailing Japanese chipmaker was counting on to sustain operations and repay creditors. Elpida filed for bankruptcy protection in late February with 448 billion yen ($5.6 billion) in liabilities. SK hynix decided to pull […]
Nordic Capital, DLJ Merchant Banking Partners and Avista Capital Partners are selling Fougera Pharmaceuticals Inc. to Sandoz, the generics division of Novartis, the firms announced. The deal is valued at $1.5 billion on a debt and cash free basis, the firms said in a statement. Fougera, headquartered in Melville, New York, is a manufacturer of […]