TORONTO, June 8 (Reuters) – BlackBerry maker Research In Motion bought social gaming company Scoreloop to help expand its Messenger application, challenged by this week’s launch of a similar instant messaging offering from Apple. Munich-based Scoreloop adds social elements, such as interactive play and social network integration, to existing mobile games. It can also enable […]
Harris Williams & Co. announced Wednesday the sale of Northern Digital Inc., a portfolio company of Audax Group, to strategic buyer Roper Industries. Terms of the deal, which closed June 3, were not released. Harris Williams & Co. acted as an advisor to Waterloo, Ontario-based Northern Digital. Audax focuses on small cap and lower-middle market investments. Audax manages more than $4.5 billion of equity, mezzanine debt, and senior loan capital.
Australian private equity firm Archer Capital will pay $246 million to buy hospital operator Healthe Care from CHAMP Ventures, Reuters reported Wednesday. Archer outbid rival private equity firm Pacific Equity Partners. Healthe Care which owns 12 private hospitals in Australia.
Nautic Partners and Pamlico Capital said Wednesday that its sale of MACTEC will yield a return of 2.7x their investment. This includes prior distributions, the PE firms said. In May, AMEC said it had bought MACTEC, an engineering and environmental services company based in Alpharetta, Ga., for $280 million.
Indian real estate company DB Realty is looking to fund projects with private equity capital, Reuters reported Wednesday. The company has said it ‘has "enough headroom" to raise debt for specific projects when required,’ Reuters wrote. No specifics were given about how much the firm planned to raise.
General Electric, Siemens AG and private equity firm the Carlyle Group are among the bidders for South African equipment repair firm Savcio Holdings, Reuters reported. The deal could be valued as high as $500 million, Reuters estimated. Buyout firms Actis and Ethos Private Equity are looking to sell their combined controlling stake in Johannesburg-based Savcio.
Buyout firm Triton has put German chemicals and steel logistics services firm Lehnkering up for sale, hiring Rothschild to manage the process, Reuters reported. Triton bought the business, provides storage and shipping for the chemicals and steel industries, in 2004. (Reuters) – Private equity investment firm Triton has put German chemicals and steel logistics services […]
Dubai-based Abraaj Capital is in early talks to buy a stake in Egypt's Citadel Capital, Reuters reported. The talks are in a “very preliminary stage and no formal offer has been made,” Reuters wrote. Abraaj manages assets of over $6 billion and Citadel manages assets of $4 billion.
Buyout shops Leonard Green and CVC Capital Partners may make a move for wholesale retailer BJ's Wholesale Club Inc., Reuters reported, citing the New York Post. The deal could be valued at roughly $2.8 billion, the Post reported, adding that rival suitors Apollo Global Management and Bain Capital had pulled out of the race.
AXA Private Equity is paying $1.7 billion for a portfolio of private equity assets owned by Citigroup, the companies announced Wednesday. The deal is the latest move by Citigroup to unload non-core assets. The portfolio includes 207 limited partnership interests in buyout funds, as well as investments that were made directly into certain companies, the bank said. For Axa, the deal follows its recent strategy of snapping up private equity assets from other investors. The company paid $1.9 billion to acquire private equity funds from Bank of America in April 2010.