(Reuters) – Private equity firms Kohlberg Kravis Roberts & Co, Thomas H. Lee Partners, and Providence Equity Partners Inc may bid for Cox Enterprises’ Travel Channel, Bloomberg reported, citing people familiar with the situation. The parties are in discussions with Discovery Communications Inc to run the channel should they win the auction, one of the […]
TAIPEI/HONG KONG (Reuters) – Carlyle Group and Taiwan Mobile struck a $1 billion deal on Wednesday, with Carlyle taking a big chunk of the telecommunications group in a sign the private equity firm has faith in the island’s economy. The deal creates Taiwan’s largest pay TV operator and marks the second major acquisition in Taiwan’s […]
The Riverside Company has acquired Kaul GmbH, a Elmshorn, Germany-based maker of polishing, anti-sticking and release agents for the confectionary industry. No financial terms were disclosed.
Apollo Global Management has agreed to acquire Midland, Texas-based Parallel Petroleum Corp. (Nasdaq: PLLL). The deal is valued at approximately $438 million, or $3.15 per share, including the assumption or repayment of around $351 million in debt. Apollo's equity commitment is $283.2 million.
DUBAI (Reuters) – Port operator DP World said on Tuesday it is not involved in talks over a potential sale of a stake, and talks between its parent company and a regional private equity player were no longer ongoing. “The board of DP World would like to reiterate previous statements that they have not been […]
LONDON (Reuters) – Rio Tinto (RIO.AX) (RIO.L), the world’s second-largest miner, is to sell a 56 ercent stake in the cable division of its Alcan Engineered Products unit to U.S. investment firm Platinum Equity for an undisclosed sum. The miner has been selling assets to boost a balance sheet damaged by the takeover of Alcan two […]
First Reserve is a Greenwich, Conn.-based buyout shop sitting on nearly $9 billion to invest exclusively in the energy sector. Today the firm announced it would commit $500 million to back a management team in building a new energy exploration company called KrisEnergy Holdings, to be based in Singapore. It's the second time First Reserve pursued this management team. Last year the trio of Keith Cameron, Chris Gibson-Robinson and Richard Allen were preparing to sell Pearl Energy, the exploration and production company they formed in 2000. First Reserve was interested but shied away because valuations were too rich, according to Will Honeybourne, a managing director with First Reserve. But the firm left the door open for future collaboration with the trio, which eventually led to KrisEnergy. The $500 million in equity will go towards a roll-up strategy. KrisEnergy's managers have already been engaging potential exploration, development and production targets in the Southeast Asia region, Honeybourne said.
PARIS (Reuters) – The French arm of U.S. electronics group Molex (MOLX.O), which has been the subject of violent protests from workers afraid they might lose their jobs, could be acquired by investment firm HIG Capital. HIG Capital said on Monday it was interested in buying Molex France, adding it was working with the French […]
(Reuters) – Music and entertainment company Muzak Holdings LLC said it filed a reorganization plan with a Delaware bankruptcy court that would reduce its debt by more than half to $230 million. Muzak, which is known for providing background music in stores and hotels, said the plan is supported by a majority of its creditors. […]
Regency Energy Partners (Nasdaq: RGNC), Alinda Capital Partners and GE Energy Financial Services plan to construct a $47 million pipeline extension of the Haynesville Expansion Project in North Louisiana. Regency owns a 38% stake, Alinda holds a 12% stake and GE holds a 50% stake.