Microsoft Corp. said that it will pour $300 million into Barnes & Noble’s digital and college businesses, taking a 17.6 percent stake in the new unit. Under the terms of the deal, which values the businesses at $1.7 billion, Barnes & Noble will retain an 82.4 percent stake. The U.S. bookstore chain said in January […]
Private equity group Terra Firma is in advanced talks to acquire Britain’s biggest care home operator Four Seasons Health Care, according to the Financial Times, writes Reuters. The potential deal for the company, which is seeking to refinance its debt before a September deadline, would value the group’s debt and equity at 825 million pounds […]
Private equity firm Palamon Capital Partners has completed the refinancing of its English language school group Cambridge Education, writes Reuters. Palamon Capital Partners’s deal with Royal Bank of Scotland for a new 23 million-pound ($37 million) debt package will see it recoup 1.5 times the equity it has invested in the business, and leaves finances […]
KKR's income from its share of investors' profits and the fees it charges for its assets slumped in the first quarter.
Global M&A deal value surged this week while PE transactions turned in some of their lowest numbers.
DentalPlans.com has taken on backing from Cleveland-based private equity firm Riverside Co., the firms revealed. Babson Capital provided mezzanine debt and equity to support the transaction, according to a statement. Specifics of the deal were not publicized. DentalPlans.com is based in Florida. PRESS RELEASE: SPRINGFIELD, Mass. (APRIL 26, 2012) – Babson Capital Management LLC (Babson […]
Element Partners, CSL Capital Management and NorthSky Capital each teamed together to acquire NGP Energy Technology Partners’ Environmental Drilling Solutions, a provider of solids control equipment to drilling companies. NGP Energy Technology Partners is also a private equity firm, founded in 2005. Specifics of the deal weren’t publicized. PRESS RELEASE: NGP Energy Technology Partners Announces […]
Greenwich, Conn.-based Freepoint Commodities, founded last year by former RBS Sempra executives, is acquiring the Stamford, Conn.-based mineral concentrates unit of J.P. Morgan Chase & Co. REUTERS NEWS: Freepoint Commodities LLC will buy J P Morgan Chase & Co’s physical metal concentrates business, reuniting chief executive David Messer with more of his former Sempra compatriots […]
China Auto Rental, a company boasting of a fleet of more than 10,000 in China’s fast-growing car rental market, has postponed plans for a U.S. IPO, citing “capital market conditions,” without elaborating further yesterday. The company, backed by Beijing-based Legend Holdings (parent of Hony Capital), had hoped to raise $137.5 million. REUTERS NEWS: China Auto […]
Globeleq, a London-based emerging markets power company owned by CDC Group (managed by the emerging market investor Actis), has acquired the 44 MW Eolo wind project in Nicaragua, which is in the final stages of its submission as a Clean Development Mechanism (CDM) under the Kyoto Protocol; the title will enable it to earn carbon […]