Mid Europa Partners has agreed to acquire UPC Slovenia, a Slovenian cable and broadband operator, from Liberty Global Inc. No financial terms were disclosed.
SYDNEY/LONDON (Reuters) – British insurer Aviva plc (AV.L) is exploring selling its Australian business, which is valued at up to A$1 billion ($735 million), sources with direct knowledge of the process told Reuters. Aviva’s advisers, Morgan Stanley (MS.N) and JP Morgan (JPM.N) have set May 8 as the deadline to submit indicative bids, with final […]
TORONTO (Reuters) – Canadian private-equity buyouts slumped in the first quarter, led by a pullback by foreign investors as the global economic crisis weighed on deal-making, a leading industry association said on Tuesday. Canada’s Venture Capital and Private Equity Association said there were 18 completed and pending buyout transactions in in the first quarter, 10 […]
NEW YORK (Reuters) – Auto and mortgage lender GMAC LLC’s loss grew by 15 percent, reflecting an increase in soured loans as the economy weakens. The net loss increased to $675 million from $589 million a year earlier, as the Detroit-based company set aside 78 percent more for loan losses than a year earlier. “The […]
Tollgrade Communications Inc. (Nasdaq: TLGD) has agreed to sell the assets of its cable status monitoring product line to an investor group that includes The Hawthorne Group and Rosetta Capital. The deal is valued at $3.15 million, including $2.75 million in cash and $0.4 million in a seller-held note payable over two years.
Milestone Partners has purchased Avure Technologies from The Gores Group for an undisclosed amount. Avure is a Kent, Wash.-based provider of contained, high-pressure processing systems. It was originally acquired by Gores Group in October 2005.
TEL AVIV (Reuters) – Azrieli Group said on Tuesday it submitted the winning bid to buy a 4.83 percent stake in Bank Leumi (LUMI.TA) from Cerberus Capital Management and Gabriel Capital Corp. Azrieli will pay about 740 million shekels ($178 million), or 10.5 shekels per share, for the stake in Israel’s largest bank. Leumi shares […]
SHANGHAI/HONG KONG (Reuters) – Zotye Auto, a Chinese maker of sport utility vehicles (SUV), is raising about 720 million yuan ($106 million) by selling a 20 to 30 percent stake to a private equity fund-led consortium, aiming for a Shanghai initial public offering later, sources said on Tuesday. Zotye planned to sell shares to a […]
Platinum Equity has completed its acquisition of The San Diego Union-Tribune newspaper from The Copley Press Inc. The all-equity deal reportedly is worth less than $50 million.
NEW YORK (Reuters) – Perella Weinberg Partners denied statements made by a lawyer that the investment bank received threats from White House officials to drop its opposition to a plan for keeping automaker Chrysler LLC out of bankruptcy. The banking boutique, which prefers to operate in the background, found itself in the spotlight Thursday when […]