Citadel Capital, the Egyptian private equity firm, could list two of its portfolio companies in the next year to two years, the firm said. The companies were not named, but managing director Stephen Murphy said that the listings would take place in Egypt and could be worth between $175 and $250 million. Citadel Capital manages about $8.3 billion in investments spanning 14 countries.
Dubai International Capital has said that it is not the right time to sell its European assets and that it won’t sell anything before 2011. DIC is undergoing a debt restructuring at the moment. Its assets include UK hotel chain Travelodge and Doncasters.
Three U.S. private equity firms, Carlyle, Kohlberg Kravis Roberts & Co and Warburg Pincus, are negotiating a possible purchase of a 15 to 18 percent stake in Hero Honda Motors, the top Indian motorcycle manufacturer, according to reports. Japan’s Honda Motor holds 26 percent of the company.
Kate Barker has been named as a non-executive director of Electra Private Equity PLC, having previously served as a member of Bank of England’s Monetary Policy Committee. Barker also worked as an advisor to Credit Suisse, chairman of Anglia Ruskin University, non-executive director of the Homes and Community Agency, and on the council of the National Institute of Economic and Social Research.
KKR has bid around $1.73 billion for Australian fund manager Perpetual, based on an offer of A$38 to A$40 per share, a 29 percent premium on the fund manager’s Friday close. Perpetual said it was considering the bid.
Buyout firm KKR has bought German drugs distributor Anzag with the aim of giving British pharmacy chain Alliance Boots access to the European market, according to reports. KKR, which already had 30 percent of Anzag through Alliance Boots, increased that stake to 80 percent. Anzag is one of the three biggest firms in the EUR 24 billion ($31 billion) German drugs distribution market.
Triago, the global placement agent, has issued its quarterly report. Among the notable finds are: Megabuyout funds are expected to return to the fundraising market. Triago estimates that as many as seven $5 billion-plus funds will launch over the next year with a collective fundraising target of $50 billion.
Affiliated Computer Services has bought TMS Health from Palm Beach Capital. TMS Health is a Boca Raton, Fla.-based healthcare teleservices company. Dallas-based ACS, which provides business processing and information technology services, is a unit of Xerox. Palm Beach Capital is a PE firm.
TransAxle LLC has bought New England Transmission, a Maine-based maker of light-duty transmissions. TransAxle, a New Jersey-headquartered remanufacturer of light duty transmissions, is a portfolio company of a Graham Partners buyout fund. The details of the transaction have not been released.
Private equity firm TPG Growth has acquired a 25 percent stake in Schiff Nutrition International, a Utah-based manufacturer of private label vitamins and health foods, for $48.8 million. Schiff bought 7.487 million shares of Class B common stock, which automatically converted to Class A common stock on a one-to-one basis. TPG executives William E. McGlashan, Jr. and Matthew T. Hobart, will now join the Schiff board.