Polish media mogul Zygmunt Solorz-Zak has put in a final bid for mobile operator Polkomtel, Reuters reported, though the size of the bid was kept under wraps. Polkomtel, which was put up for sale by Vodafone and a handful of Polish state-linked companies, could reportedly fetch as much as $6.6 billion. Private equity firms Apax and Bain Capital are also among those in the running for Polkomtel.
Nokia says its in talks with “multiple parties” about its stake in Nokia Siemens Networks, Reuters reported Friday. Previous reports have said that Kohlberg Kravis Roberts & Co. and TPG decided not to bid on Nokia Siemens Network after they failed to agree on a price for the majority stake. Nokia didn’t name any other potential suitors for the telecom equipment business.
Buyout firm Charterhouse will buy French call-centre business Webhelp from Astorg Partners, Reuters reported, adding that Charterhouse had secured a 165 million euro ($238 million) loan to help fund the deal. The loan was arranged by Bank of Ireland and Citigroup, Reuters reported. Astorg bought a controlling stake in Webhelp in June 2007 from Barclays Private Equity, which remained a minority shareholder in the business.
Live Nation Entertainment is in talks with Liberty Media, the company’s largest shareholder, to take the company private, Reuters reported Friday, citing a story in the New York Post. Private equity firm Thomas H Lee Partners could reportedly provide funding for the deal. Live Nation, a concert promoter and ticketing company, has a market value of roughly $1.87 billion.
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Lower-middle market buyout shop Huntington Capital—investing out of its Huntington Capital Fund II fund—has backed Vertical Management Systems Inc. and its subsidiary Retirement Revolution. Terms of the deal were not released. Pasadena, Calif.-based Vertical Management designs, constructs and hosts accounting and process and control software tools for the enterprise. Huntington is based in San Diego.
The Robert Allen Group, a New York-based maker of decorative fabrics, has taken an investment from Altamont Capital Partners. Specifics of the transaction were not publicized Stifel Nicolaus Weisel served as Robert Allen’s financial advisor on the transaction.
On Tuesday, New York-based Barron Partners, a cleantech-focused private equity firm, acquired solar installer and energy project developer Choice Solar of Nashville, Tenn. Terms of the deal were not disclosed. PRESS RELEASE: Barron Partners closed an investment in Choice Solar, a leading southeast solar installer and energy project developer. The Nashville, TN, company primarily provides […]
Pioneer Point Partners, a London-based lower middle market private equity firm focused on opportunities in Europe, has announced two new investments and three new hires. The company’s new investments include Masotina Spa, a northern Italian waste and paper recycling company, and Peak Gen Power, which builds, owns, and operates peaking power plants in the UK. Terms […]
Danish group ISS will sell its German damage control unit Vatro to Swedish private equity investment firm Polygon, Reuters reported Thursday. Terms were not given. ISS is owned by Swedish buyout shop EQT and Goldman Sachs Capital Partners. Vatro's services include flood and fire control mainly for corporate clients, Reuters wrote.