LONDON (Reuters) – Around a third of Novera’s (NOEN.L) shareholders support the board in its stand against an attempted takeover bid, the renewable energy company said on Thursday. Terra Firma-backed peer and shareholder Infinis Energy made a 62.5 pence share offer for Novera last week, valuing the company at 90.5 million pounds ($147 million), but […]
Advent International has completed its second tender offer for the outstanding shares of women's clothing retailer Charlotte Russe Holding Inc. (Nasdaq: CHIC). The $17.50 per share purchases represent a total buyout value of approximately $380 million.
Symphony Technology Group has completed its $390 million take-private buyout of MSC.Software Corp., a provider of simulation software and services. Elliott Management Corp. also participated on the buyside. MSC stockholders received $8.40 per share.
One Equity Partners has agreed to acquire around a 66% stake in Austria-based Constantia Packaging BV from the Herbert-Turnauer Foundation.
Levine Leichtman Capital Partners has made an unsolicited $80 million buyout offer for fast-casual restaurant operator Rubio's Restaurants Inc. (Nasdaq: RUBO). The $8 per share bid represents around a 33% premium to Rubio's closing price on Tuesday.
Kronos, a portfolio company of Hellman & Friedman and JMI Equity, has acquired the assets of time and attendance software vendor Stromberg from Paychex Inc. (Nasdaq: PAYX). No pricing terms of the all-cash deal were disclosed.
HONG KONG (Reuters) – The private equity owner of Goodbaby Group has called off the sale of China’s largest baby stroller maker after prices came in too low, forcing the company to seek new loans to refinance its debt, sources said. The planned sale of Pacific Alliance Group’s (PAG) 67 percent stake in Goodbaby, which […]
BRUSSELS (Reuters) – Anheuser-Busch InBev (ABI.BR), agreed to sell breweries in nine eastern European countries to CVC Capital Partners on Thursday for an initial $2.23 billion, passing its target for divestments since its merger a year ago. The sale is the third by the world’s largest brewer to a private equity company, after KKR’s purchase […]
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below, and send any additions my way. IMG Media, a media conglomerate owned by Ted Forstmann, hired Raine Group to sell Tiger Aspect Productions and Darlow Smithson Productions, either separately, or as a package. Forsys Metals Corp. has hired Morgan Stanley & Co. as exclusive financial advisor to assist it in exploring strategic alternatives. (Read more) Bing Group, a steel supply company based in Detriot, is seeking buyers. The company has suffered from slow auto sales and financial struggles from its customers, the auto companies. Rubio's Restaurants Inc is in play after receiving an unsolicited offer from an investor group to buy the company for about $80 million. Levine Leichtman Capital Partners IV LP offered $8 per share.
(Reuters) – Private equity firms Sun Capital Partners Inc and Catterton Partners Inc said on Wednesday they bought all the assets of bankrupt calendar and stationery products supplier Lang Holdings Inc through an affiliate for about $25 million. Sun Capital said in a statement that it now owns 60 percent of Lang Holdings while the […]