Buyout shop Providence Equity Partners has backed Los Angeles-based media holding company The Chernin Group, the firm announced Monday. The Providence-led investment group took a “significant minority” stake in Chernin Group, it said. Peter Chernin, founder of The Chernin Group, will become a Senior Advisor to Providence. Financial terms of the deal were not disclosed. […]
Private equity firm Lion Capital is in talks to sell Weetabix, one of Britain’s biggest breakfast cereal producers, to Chinese government-backed food and dairy group Bright Food for about 1 billion pounds ($1.61 billion), Reuters wrote Monday. Weetabix is the second-largest branded manufacturer by value of ready-to-eat cereals and cereal bars in Britain. The company […]
AstraZeneca has agreed to buy U.S. company Ardea Biosciences for $1.26 billion, giving it a new gout drug to bolster its weak pipeline in a deal that feeds a wave of M&A in the biotechnology sector, Reuters wrote Monday. The $32-a-share acquisition – a 54 percent premium to Ardea’s closing price on Friday – is […]
France’s L’Oreal is interested in buying soap and baby products company Cadum in a deal that could be worth 200 million euros ($264.16 million), Reuters reported Monday, citing a report in Les Echos. L’Oreal’s Chief executive Jean-Paul Agon is looking to open exclusive negotiations with Milestone Capital, a Franco-British investment fund that owns Cadum, the […]
Toymaker Jakks Pacific Inc. said it will talk to suitor Oaktree Capital Management to pacify shareholders after rejecting a $20 per share offer last year, Reuters wrote. Jakks also said it will buy back $80 million of its shares for at least $20 each by May 25. Earlier this month, Oaktree said it will make […]
Japanese coffee company UCC Holdings said on Monday it had agreed to buy Geneva-based United Coffee for about 50 billion yen ($613 million), Reuters reported. Privately-held UCC, which makes canned coffee and runs cafes, is buying all shares in United Coffee from British private equity fund Capvest and United Coffee’s management. (Reuters) – Japanese coffee […]
Answers is expected to announce Monday that Summit Partners has reduced its stake in the company.
For PE investors, Africa may be the best-kept secret
SVG Capital says the tough economic climate means the timing of any future payouts to its investors will be hard predict
This week saw the fewest number of deals so far this year, according to data from Thomson Reuters.