NEW YORK (Reuters) – Goldman Sachs Group Inc. (GS.N) is close to a deal to provide financing of $2.2 billion to one of the groups bidding for mid-priced U.S. hotel chain Extended Stay, the Wall Street Journal reported on Sunday. It would provide the financing for the bidding group led by Starwood Capital Group, the […]
LONDON (Reuters) – Virgin Money, part of entrepreneur Richard Branson’s business conglomerate, has been excluded from the race for 318 branches being sold by Royal Bank of Scotland (RBS.L), sources familiar with the matter said on Saturday. Virgin had been one of four remaining bidders for what could rank as Britain’s sixth biggest bank, but […]
NEW YORK (Reuters) – Access Industries, Russian billionaire Len Blavatnik’s holding company, has dropped out of the auction for Metro-Goldwyn-Mayer as the studio’s creditors meet with Hollywood experts to conduct due diligence on a standalone plan, sources familiar with the matter said. The lenders’ steering committee, led by JPMorgan Chase & Co (JPM.N), Highland Capital […]
KKR has agreed to invest around $164 million into an unlisted subsidiary of India's Dalmia Cement (Bharat) Ltd. The capital will be used to form India's largest private cement company.
Tregaron Capital has acquired the assets of Economic Modeling Specialists Inc., a Moscow, Idaho-based provider of employment data and economic analysis. No financial terms were disclosed.
(Reuters) – Pharmaceutical services provider InVentiv Health Inc (VTIV.O) said it agreed to be acquired by private equity firm Thomas H. Lee Partners for about $1.1 billion. THL Partners will pay $26 per share, a premium of 7 percent to InVentiv’s closing price Wednesday on Nasdaq. However, InVentiv shares had already risen 42 percent since […]
(Reuters) – Three big private equity firms have teamed up to bid for Fidelity National Information Services Inc (FIS.N), sources familiar with the situation said on Thursday, a deal that, if completed, would rank as the biggest leveraged buyout since the financial crisis hit. Blackstone Group (BX.N), Thomas H. Lee Partners and TPG Capital are […]
Austin Ventures has acquired creative agency Exopolis for an undisclosed amount.
Lee Equity Partners has completed its acquisition of pizza chain Papa Murphy’s International from Charlesbank Capital Partners. The deal reportedly is worth around $180 million, which represents a 10x EBITDA multiple. PRESS RELEASE Papa Murphy’s International announced the completion of its sale to New York-based Lee Equity Partners. Its previous owner was Charlesbank Capital Partners […]
TORONTO (Reuters) – Finning International (FTT.TO: Quote, Profile, Research) the world’s largest Caterpillar (CAT.N: Quote, Profile, Research) equipment dealer, said on Wednesday it sold its British equipment rental business for 110.2 million pounds ($166 million) to an affiliate of Sun European Partners LLP. Finning said it would use proceeds from the sale of Hewden which […]