A fund affiliated with Apollo Global Management said it will acquire the Irish consumer credit card portfolio of Bank of America Europe Card Services. The transaction, terms of which were not disclosed, will preserve about 250 jobs in Ireland, Apollo said in a statement. (Reuters) – A fund affiliated with Apollo Global Management LLC said […]
South Korean state oil firm Korea National Oil Corp. said a consortium led by private equity firm Apollo Global Management, of which it is a part, will buy U.S.-based El Paso Corp.‘s oil and gas business for $7.15 billion. Kinder Morgan Inc. is selling off the assets as part of its $21 billion deal to […]
Indonesia-focused private equity firm Saratoga Capital and two other investors have launched a sale of their 315 million shares in telecom tower firm PT Tower Bersama Infrastructure to raise up to 913.5 billion rupiah ($100 million), Reuters wrote Wednesday. (Reuters) – Indonesia-focused private equity firm Saratoga Capital and two other investors have launched a sale […]
Greenwich-based private equity firm Littlejohn & Co has completed the acquisition of Direct ChassisLink from Maersk, a subsidiary of the A.P. Moller-Maersk Group. DCLI rents and leases chassis to drayage companies and steamship lines in the United States. PRESS RELEASE Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, announced today that […]
PE will likely be interested in Abercrombie which could get bids of $70 a share, according to a report.
When it comes to raising his new fund, Hall of Fame basketball star David Robinson hit a trifecta, leveraging his fame as star for the San Antonio Spurs, his military ties and his ties to Texas...
Pharmaceutical Strategies Group, which is backed by Blue Wolf Capital Partners, has closed its acquisition of Artemetrx Health Resources. Terms of the transaction were not disclosed. Artemetrx develops data analytic tools and clinical programs that integrate pharmacy, medical, and other healthcare information. PRESS RELEASE Pharmaceutical Strategies Group, LLC (“PSG”), America’s largest independent pharmacy benefits consulting […]
Solis Capital Partners has acquired a “significant stake” in gen-E, a provider of IT process automation software and services. Formed in 1999, gen-E is based in San Clemente, Calif. Terms of the deal were not announced. Solis Capital Partners is a lower middle-market private equity firm located in Southern California. PRESS RELEASE Solis Capital Partners […]
CVR Energy Inc. has rejected billionaire investor Carl Icahn‘s $30 per share tender offer for the second time, and the crude oil refiner asked its stakeholders not to tender their shares, Reuters reported Tuesday. Last month, Icahn — CVR’s top shareholder with a 14.54 percent stake — had called for a sale of the company, […]
European mid-market private equity firm Equistone Partners Europe has invested in Audley Travel for an undisclosed sum. The Oxfordshire-based company, founded as Asian Journeys in 1996, is a tailor-made travel business, offering tours and safaris for the discerning traveller. The transaction is Equistone’s second investment from Fund IV. PRESS RELEASE Equistone Partners Europe Limited (“Equistone”), […]