TORONTO (Reuters) – BCE Inc (BCE.TO) said on Wednesday that it was unlikely to close its C$34.8 billion ($28.2 billion) leveraged buyout next month, after its accountants ruled the company, which owns Bell Canada, wouldn’t meet a solvency test because of the huge debt load involved in the deal. It was the latest twist in […]
Kellwood Co., an apparel company owned by Sun Capital Partners, has sold a pair of non-core brands -- Gerber Childrenswear LLC and Hanna Andersson LLC – to a Sun Capital affiliate called Childrenswear LLC. The deal was valued at $179 million.
Primus International Inc., a Bellevue, Wash.-based supplier of aerospace parts, has acquired Accra Manufacturing Inc., a Bothell, Wash.-based maker of structural aerospace components and assemblies. No financial terms were disclosed. Primus is a portfolio company of Oak Hill Capital Partners. www.primusint.com
TRM Copy Centers LLC, a provider of self-service retail copy centers, has acquired Solvport LLC, a national provider of ATM and kiosk outsourced services. No financial terms were disclosed. TRM is a portfolio company of Skyview Capital.
Anchor Drilling Fluids USA Inc., a Tulsa, Ok.-based portfolio company of Castle Harlan, has acquired Advantage Drilling Fluids LLC, a Longmont, Colo.-based provider of drilling and completion fluid services to oil and natural gas drillers in the Piceance Basin in Colorado and the Uintah Basin in Utah. No financial terms were disclosed.
DUBLIN (Reuters) – An Irish-led consortium has entered into preliminary due diligence with Bank of Ireland (BKIR.I: Quote, Profile, Research, Stock Buzz) and could buy a 60 percent stake if a deal is struck, the Irish Independent reported on Wednesday. A Bank of Ireland spokeswoman declined to comment. The Irish Independent, which did not cite […]
MADRID (Reuters) – U.S. private equity group KKR [KKR.UL] is planning a bid for Abengoa’s (ABG.MC: Quote, Profile, Research, Stock Buzz) Nasdaq-listed technology unit Telvent GIT (TLVT.O: Quote, Profile, Research, Stock Buzz), Expansion reported on Wednesday citing sources familiar with the deal. No one at Abengoa or KKR was immediately available for comment. Other private […]
NEW YORK (Reuters) – U.S. apparel retailers Western Warehouse and Boot Town, which sell everything from Stetson cowboy hats to ostrich-skin boots, will begin going-out-of business sales at its 78 remaining stores next week, parent company BTWW said on Tuesday. BTWW, which calls itself the largest retailer of western apparel and footwear in the United […]
Moody's Investors Service has cut the rating outlook from stable to negative on Coso Geothermal Power Holding's senior secured bonds rated Baa3. Cosco is indirectly owned by Terra-Gen Power LLC, which is a portfolio company of ArcLight Capital Partners.
BANGKOK (Reuters) – U.S.-based private equity firm TPG Capital said on Tuesday it had agreed to sell its 37 percent stake in Thailand’s BankThai to Malaysia’s CIMB . That would increase CIMB’s holding in BankThai to about 80 percent, after it completed the purchase of 42.13 percent from an arm of Thailand’s central bank last […]