(Reuters) – British private equity group Permira [PERM.UL] on Wednesday said it had sold its 14 percent stake in soft drink maker Britvic (BVIC.L). “Our strategy is to make controlled investments and, as such, we have decided to sell our passive stake in Britvic though the company has continued to perform well,” a spokesman for […]
Rising India, Inc., a digital special effects and 3D character animation business based in Omaha, Neb., agreed to take a $10 million equity investment form Auctus Private Equity Fund LLC, a Massachusetts fund. Press release: Rising India, Inc. a publicly-traded company, announced today the finalization of an agreement with Auctus Private Equity Fund LLC, a […]
(Reuters) – SumTotal Systems Inc (SUMT.O) agreed to be acquired by Vista Equity Partners for $160 million and terminated its previous deal with Accel-KKR, putting an end to a long-drawn bidding war between the two private equity firms. SumTotal, which makes learning performance and compensation management software, said it paid a breakup fee of $6.67 […]
Voxeo Corporation, a VoiP business once backed by Crosspoint Venture Partners and Mayfield Fund, -focused acquired IMified, a hosted instant messaging application development and deployment platform. According to VentureWire, Voxeo is looking to sell between 5% and 15% of the company for as high a price as $50 million. Press release: Voxeo Corporation, the leading […]
(Reuters) – A South Korean buyout firm is set to buy 31.7 percent of a credit card processing company from two banks, including a unit of Standard Chartered (STAN.L), for an undisclosed sum, a regulatory official said on Wednesday. Vogo Fund has agreed to acquire shares in BC Card from Hana Bank, a unit of […]
ACS Group, a plastics processing business backed by St. Louis-based private equity firm, Harbour Group, acquired Walton/Stout, Inc., a Lithonia, Ga.-based material handling, blending, crystallizing and drying application business. Terms of the transaction were not disclosed. Press release: ACS Group, a Harbour Group company, acquired Walton/Stout, Inc., Jeff Fox, Harbour Group’s chief executive officer, announced. […]
Rio Tinto may break up the aerospace segment of its business, after its minerals business failed to attract bids, Bloomberg reported. Apollo Management, Carlyle Group and TPG all expressed interest in the minerals business, Alcan Engineered Products, but did not submit bids because they could not arrange financing for the deal, worth around $5.6 billion […]
(Reuters) – Blame the recession. Just as consumers have curtailed their spending, corporations have slowed shopping as well, dragging the volume of global mergers and acquisitions down 36 percent so far this year. The volume of worldwide mergers and acquisitions totaled $731.3 billion, a 36 percent decrease from last year at this time when volume […]
TPG has agreed to invest RMB 550 million ($80.19 million) in the convertible bonds of Daphne International Holdings Limited, a footwear company based in China. Press release: Daphne International Holdings Limited (HKSE: 210, “Daphne” or “the Company”), the owner of the “Daphne” and “Shoebox” brands and a leading retailer of ladies’ footwear in the PRC, […]
(Reuters) – Mattress maker Select Comfort Corp (SCSS.O) said it would get $35 million in new financing from private equity firm Sterling Partners, in exchange for a 52.5 percent stake in the company. Under the deal, Sterling Partners will purchase 50 million common shares for 70 cents per share. As part of the agreement, the […]