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 […]
Private equity firm TPG Capital Management has agreed to take a 43% stake in Parkway Properties Inc., which will use the cash infusion to buy the Hearst Tower in Charlotte, North Carolina, from Bank of America Corp. The bank, in turn, has agreed to rent back space in a 10-year lease. The Florida-based real estate […]
Partners Group, the Zug, Switzerland-based investment firm, has acquired Trimco International Holdings on behalf of its clients, for an undisclosed sum. Trimco, founded in 1979, is an Asia-based global provider of a full range of garment labels, tags and trimming products to blue chip global apparel companies. PRESS RELEASE: Partners Group, the global private markets investment […]
French investment firm Sagard has partnered with the president of the French, discount retailer Stokomani and his management team, to acquire Stokomani from the global buyout firm Advent International. The deal — whose terms were not disclosed — is expected to close next month Stokomani, through a network of 37 stores, offers a “large range […]
Swedish private equity firm Altor is acquiring Bure Equity’s stakes in Carnegie Holding, Max Matthiessen and Carnegie Asset Management subject to customary closing conditions, including regulatory approvals. Bure Equity is also a Swedish investment company. PRESS RELEASE: Altor (Altor Fund III GP Limited) has entered into a binding agreement to acquire Bure Equity’s stakes in […]
Carlyle's IPO, in its first day of trade, barely stays above its $22 offer price.