KKR & Co. said it will buy some energy assets straddling parts of Texas and Oklahoma from WPX Energy for $306 million — the private equity firm’s latest acquisition of properties that have become cheaper due to weak natural gas prices, Reuters wrote Monday. The deal has been made through KKR Natural Resources, which is […]
Japanese brewer Asahi is working to finalize the purchase of eastern European brewer StarBev from private equity owner CVC Capital Partners in a deal likely to be worth around $3 billion, Reuters wrote Friday. The two were hammering out the final details of a deal which could be announced as early as next week after […]
Cleveland-based MCM Capital Partners announced that it has exited its investment in ESSCO Inc. ESSCO, a distributor of floor care products, was bought by MCM Capital Partners II in 2005. MCM sold the business to Indianapolis-based Cardinal Equity Partners. Terms of the deal were not released. PRESS RELEASE MCM Capital Partners II (“MCM”), a Cleveland, […]
Warburg Pincus has acquired a majority stake in The Gordian Group, a construction pricing data and procurement software business based in Mauldin, South Carolina. Terms of the deal were not released. Warburg Pincus is buying the company from The Wicks Group of Companies, a private equity firm. PRESS RELEASE Warburg Pincus, a leading global private […]
Bain Capital and Lion Capital have emerged as front-runners to buy rival Bridgepoint‘s majority stake in French eyewear retailer Alain Afflelou in a sale expected to be backed by around 300 million euros ($399 million) of debt, Reuters reported Thursday. Bridgepoint bought a majority stake in Afflelou in 2006. (Reuters) – Private equity firms Bain […]
Chicago-based Prudential Capital Group has appointed Bill Engelking to lead its Chicago office. Prudential Capital makes middle-market private equity investments. Engelking joined Prudential in 1997. His promotion comes as part of the company’s strategy to position its U.S. regional corporate finance platform for expansion, first announced on Jan. 31, 2012. PRESS RELEASE: Prudential Capital Group appointed […]
Financiere Star, a fund controlled by the PE firm PAI Partners, has sold about 35.42 million shares in Chr. Hansen Holding, a Danish food ingredients maker that went public last year. REUTERS: The biggest shareholder in Danish food ingredients maker Chr. Hansen has sold a 25.7 percent stake to Novo A/S, cutting its holdings to […]
Shawbrook Bank, a London-based savings and loan that caters to small and medium-size businesses, has acquired Singers Asset Finance, a finance company that funds, among other things, medical assets for the healthcare sector. Terms of the deal were not disclosed. PRESS RELEASE: Shawbrook Bank is pleased to announce that it has acquired Singers Asset Finance […]
Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital, is up for sale and could fetch more than $1 billion, Reuters reported. Bank of America Merrill Lynch is advising Cunningham Lindsey on the auction, Reuters wrote, adding that the company is expected to draw interest from private equity firms. […]
Irish financial services group IFG has sold its international division to private equity fund manager AnaCap for 70 million pounds ($111 million), writes Reuters. AnaCap, which has more than 1 billion euros ($1.4 billion) of assets under management, owns UK bank Aldermore, brokerage Conduit Capital Markets and Malta’s Mediterranean Bank, according to Reuters. Reuters – […]