(Reuters) - VMware Inc (VMW.N: Quote, Profile, Research, Stock Buzz) is in advanced talks to buy Novell Inc's (NOVL.O: Quote, Profile, Research, Stock Buzz) Linux operating system business, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The paper reported that private equity-backed software company Attachmate Corp [WIZARA.UL] could buy some or all of Novell's remaining assets.
(Reuters) -- TDC A/S, the private equity-backed Danish telephone company, is close to a deal to sell Swiss unit Sunrise to buyout firm CVC Capital Partners CVC.UL, six people familiar with the matter said on Thursday. The deal will place an enterprise value on Sunrise of about 3.3 billion Swiss francs ($3.3 billion), four of the people said, making it one of the year's largest leveraged buyouts. A deal is likely to be announced on Friday, some of the people added.
SouFun Holdings Ltd. said late Thursday that it had priced 2,933,238 American depositary shares at $42.50 each. Each ADS represents four Class A ordinary shares of the company. SouFun will begin trading Friday on the NYSE under the ticker "SFUN." Underwriters on the deal have the option to buy another 439,986 ADS's. Current major shareholders of SouFun include IDG Venture Capital and Telstra. After the IPO, General Atlantic and Apax Partners will become major shareholders. SouFun is a real estate Internet portal and home furnishing and improvement website in China.
Navigation Capital Partners of Atlanta’s James Brown Contracting Inc. acquired Schrader Trucking Co. Inc., a Jefferson City, Tenn.-based dry van truckload carrier. Schrader has 95 trucks and 201 trailers. It operates in the Southeast as well as in the Midwest, Mid-Atlantic, Texas and Canada.
Jones Energy acquired certain oil and natural gas properties primarily in Ellis County, Okla. for of $33 million. The properties have a current daily production rate of 530 BOE and an incremental 6,700 MBOE attributable to identified drilling locations. Metalmark Capital made its initial investment in Jones Energy in December 2009.
Kevin Angelis doesn't want anyone to know his age but admits he's young for having started his own PE firm. Angelis, who is 31, launched BHMS Investments in August with cofounder Robert Salamon. The PE shop will target lower middle-market deals or transactions with an enterprise value of $50 million or less. Angelis makes no apologies for his age. "I’m eager and I’m hungry," he says. "This is a big deal to me, to fight the good fight." BHMS will operate as a distressed investor as well as traditional PE firm. BHMS is open to all sectors although there are industries Angelis favors like business services, hard industrial companies as well as transportation and logistics.
(Reuters) – Metro-Goldwyn-Mayer [MGMYR.UL] said on Wednesday that its lenders agreed to extend a deadline for debt payments as the film studio prepares to be handed over to film company Spyglass Entertainment. A source familar with the matter said last week that the founders of Spyglass signed a nonbinding letter of intent to take over […]
Vestar Capital Partners V LP’s affiliates (Mountain Acquisition Corp. and Mountain Merger Sub Corp.) and Health Grades Inc. agreed to extend the offer period for proposed $8.20 a share tender offer for all Health Grades’ shares. The offer’s new deadline is October 7 at 9 AM, New York City time.
(Reuters) - Blackstone Holdings Finance Co LLC on Wednesday sold $400 million of senior unsecured notes in the 144a private placement market, said IFR, a Thomson Reuters
service. The notes are guaranteed by the Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz), Blackstone Holdings I LP, II, III and IV.
Bertram Capital announced Wednesday the final closing of Bertram Growth Capital II with $500 million in LP commitments. The San Mateo, Calif.-based PE firm invests in industrial manufacturing, technology, business services and health care.