(Reuters) – Private equity firms, including Blackstone Group (BX.N), Carlye Group [CYL.UL] and TPG [TPG.UL], are looking to buy a minority stake in China Huiyuan Juice Group (1886.HK), the South China Morning Post reported on Monday, citing sources. However, a high asking price and a lack of juice market operating experience would make it difficult […]
(Reuters) – Harbinger Capital, one of Asarco LLC’s largest bondholders, is seeking to offer its own $500 million reorganization plan for the bankrupt U.S. copper miner, battling India’s Sterlite Industries (STRL.BO) and Asarco’s parent Grupo Mexico (GMEXICOB.MX) for control of the company. Asarco, which filed for bankruptcy in 2005 amid more than $1 billion in […]
(Reuters) – Goldman Sachs (GS.N) and private equity firm MBK Partners will jointly buy Universal Studios Japan (USJ) (2142.T) in a $1.4 billion deal, South Korea’s Maeil Business Newspaper reported on Tuesday. Under the agreement, Goldman and MBK will acquire a 98.3 percent stake in Osaka-based USJ, the operator of a theme park with attractions […]
Secondary deal flow is at an all-time high, said Brian Talbot, Global Head of Secondary Private Equity at Neuberger Berman. However, as all too many secondary investors know, deal flow is not the same as deal closes, and the latter falls far short from the former. Newly independent Neuberger Berman is still basking in the […]
Accounting may bore some people to tears, but it remains a hot button issue in the world of private equity thanks to mark-down pain on the GP side and inconsistencies in implementation for LPs. Making matters worse, most attempts to clarify the situation have only served to muddy it more. In January, the AICPA released […]
(Reuters) – British bank Barclays has sidelined private equity houses bidding for iShares, its exchange-traded fund unit, and is looking to sell its entire asset management arm instead if offers approach $12 billion. U.S. money manager BlackRock and Bank of New York Mellon are among the interested bidders for Barclays Global Investors […]
Two senior lenders have opposed the proposed debt-swapset forth by Clear Channel Communications, the New York Post reported. Clear Channel is backed by THL Partners and Bain Capital.
Playboy Enterprises is being shopped to private equity firms for a $300 million asking price, according to the New York Post. Apollo Management and Providence Equity Partners have apparently been approached but shown no interest.
H.I.G. Capital, based in Miami, acquired digital motion picture and post-production companies PostWorks and subsidiary Orbit Digital, Inc., as an addition to its Telecorps Holdings family of companies, which includes Wexler Video and Coffey Sound. H.I.G. Capital, a leading Miami-based private equity firm, announced today the acquisition of PostWorks and its subsidiary Orbit Digital, Inc, […]
NCI Building Systems, a non-residential building products maker based in Houston, announced it is in talks with “a leading private equity firm with regard to a substantial equity investment” in the company. Press release: NCI Building Systems, Inc. (NYSE: NCS) today announced that it has obtained waivers from its senior credit facility lenders, including waivers […]