(Reuters) – Silver Point Capital is the frontrunner in the long-running auction of German sausage casing manufacturer Kalle Nalo by private equity firm Montagu Private Equity, two banking sources said. Pamplona Capital has also shown interest in buying the company, the sources said. At the end of 2008, Montagu appointed Sal Oppenheimer to advise on […]
(Reuters) – Auto parts makers Visteon Corp (VSTN.PK) and Metaldyne Corp filed for Chapter 11 bankruptcy protection for their U.S. operations, becoming the latest casualties of the global auto industry crisis. Both Visteon, which Ford Motor Co (F.N) spun off in 2000, and Metaldyne Corp, a unit of Japan’s Asahi Tec (5606.T), said on Thursday […]
(Reuters) – The world’s largest dedicated toy retailer Toys R Us Inc TOY.UL said on Wednesday it had acquired the FAO Schwarz brand for an undisclosed sum. After the acquisition, Toys R Us will continue to operate the two FAO Schwarz retail stores in New York City and at the Caesars Palace in Las Vegas. […]
(Reuters) – Lenders to troubled French roofing company Monier Group met on Wednesday as they prepare a bid to wrest the company from its private equity owner, two sources with knowledge of the situation said. Monier’s current owner Paribas Affaires Industrielles (PAI) put forward an improved debt restructuring offer to lenders on Tuesday, the sources […]
Nortel Networks Corp (NT.TO), which is fighting for survival under bankruptcy protection, confirmed on Wednesday it is looking for a buyer for its majority stake in a South Korean joint venture with LG Electronics (066570.KS). The announcement that Nortel, North America’s biggest maker of telephone equipment, would seek to sell its 50 percent plus one […]
(Reuters) – Yahoo Inc CEO Carol Bartz said any deal to spin off or combine its Internet search assets will require a partner with “boatloads of money,” and her company is talking “a little bit” with Microsoft Corp about a potential partnership. Speaking at the All Things Digital conference on Wednesday, Bartz said the company’s […]
As the weather (slowly) warms up, plenty of M&A bankers are hoping the market for deals will as well. We've noticed a few more targets coming to market in recent weeks and have compiled a list of some of those we've come across. Our sources are various news reports and the Buyouts "Seeking Buyers" list. The following companies (among many, many others) are either formally considering "strategic alternatives," reported to be on the block, or rumored to be in sale talks in the past week. I can't be comprehensive, but I can try. For prior lists, go here, or here, and send any additions my way.
Anchor Blue Retail Group, Inc. ( the “Company”), parent company of specialty retailer Anchor Blue (“Anchor Blue Division”) and outlet store retailer Levi’s® & Dockers® Outlet by MOST, today announced that the Company and its subsidiaries have filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the […]
(Reuters) – Italian designer Roberto Cavalli is no longer sure about selling a stake in his fashion house and expects 2009 turnover to be down 12 to 13 percent, he told an Italian newspaper in an interview published on Wednesday. Cavalli, whose bold prints have won him fans among celebrities such as Victoria Beckham and […]
Bain Capital leads KKR and Warburg Pincus in the bids for Chinese electronics maker Gome, Bloomberg reported. Bain is interested in buying 20% of the business for approximately $500 million.