Quick info on a pair of private equity deals that haven’t been otherwise announced: *** Marlin Equity Partners has acquired the Battery Systems business of Tyco Electronics Inc., for $25 million. Tyco had disclosed the sale in a May 10-Q filing, but without naming the buyer. No word yet on if Marlin paid the entire $25 million in cash, or if it secured leveraged financing. The newly-independent company has been renamed Palladium Energy, and is based in Naperville, Illinois. It makes and tests custom battery packs for use in portable
Applus, a Barcelona-based provider of inspection, certification, testing and technology services, has acquired Technico, a Canadian provider of non-destructive testing and inspections on the Canadian Atlantic seaboard. No financial terms were disclosed. The Carlyle Group and Caixa Catalunya acquired Applus in 2007 for €1.48 billion.
KKR has completed its $1.8 billion acquisition of South Korea's Oriental Brewery Co. from Anheuser-Busch InBev NV. The deal includes $800 million in equity, of which half will be purchased from KKR by Affinity Equity Partners. www.kkr.com
Hephaestus Holdings Inc., an auto parts maker backed by KPS Capital Partners, has offered to buy bankrupt Metaldyne Corp.‘s powertrain unit for $78 million in cash. RHJ International, an affiliate of Ripplewood Holdings, had previously offered $75 million, which included a $50 million note.
Global Infrastructure Partners is partnering with El Paso Corp. to build and operate a 675-mile natural gas pipeline 675-mile natural gas pipeline that will run from the Rocky Mountain region to West Coast. GIP has committed $700 million to the project.
Webster Financial Corp. (NYSE: WBS) has agreed to sell $115 million worth of newly-issued common stock to Warburg Pincus. The deal will give Warburg a 5.9% pro forma ownership stake, which would rise to 15.2% once certain shareholder approvals are obtained. Warburg Pincus managing director David Coulter will join the Webster Financial board of directors.
Emerging Capital Partners has acquired control positions in two North African construction companies: Shoresal and Almes. The total equity investment was $26.2 million.
SigmaBleyzer has acquired Jus-Made LP, a Dallas-based beverage maker. No financial terms were disclosed. The seller was the family of company founder Lamar Dial, a co-creator of Orange Julius and a member of the development team that eventually created the 7-Eleven Slurpee. The Dial family will retain a minority ownership stake.
TORONTO (Reuters) – Sweden’s Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp, paying $1.13 billion for the crown jewels of the one-time Canadian telecom star. In separate statements, the two companies said on Saturday Ericsson had won the bidding for Nortel’s key CDMA and next-generation LTE wireless technologies, which […]
MILAN (Reuters) – A private equity deal is looking the most likely solution in Safilo’s (SFLG.MI) quest to strengthen its balance sheet, as Bain Capital remains the last contender in a race for a stake in the debt-laden eyewear maker. The Dior and Gucci eyewear maker has net debt of around 600 million euros ($852 […]