LONDON (Reuters) – Miner Rio Tinto Ltd/Plc has begun the process of selling its market-leading talcs and borates businesses, picking investment bank Dresdner Kleinwort to run the deal, sources familiar with the matter said on Friday. If successful, the deal will be a small step towards Rio’s (RIO.L) plans to sell $15 billion of assets […]
Werba Reinhard Inc. has agreed to buy asset management firm Loring Ward International Ltd. (TSX: LW) for US$11.25 per share. The deal comes shortly after Lovell Minnick Partners backed out of a deal to buy Loring Ward for C$18 per share.
Denali Oil & Gas Partners III has been formed with an initial equity commitment of up to $140 million by Quantum Energy Partners, Energy Trust Partners, Walter Oil & Gas Corp. and Denali management. The same firms helped form Denali Oil & Gas Partners in 2003 and Denali Oil & Gas Partners II in 2005. Each partnership is aimed at oil and gas exploration in South Texas.
Sage Holdings, a financial and stakeholder communications company, has acquired Capital Precision, a provider of global shareholder analysis, institutional targeting and fund tracking. No financial terms were disclosed. Sage Holdings is sponsored by The Riverside Company.
Vista Equity Partners has acquired an equity stake in Zywave Inc., a Milwaukee-based provider of SaaS enterprise automation solutions for the employee benefits and property & casualty insurance distribution market. No financial terms were disclosed. www.zywave.com
Anhui Kouzi Wine Inc., a Chinese winemaker based in the Anhui province, has sold a 25% ownership stake to Goldman Sachs for $52 million, according to Dow Jones.
General Atlantic has made a minority equity investment in Qualicorp Group, a Brazilian provider of healthcare brokerage and benefits administration services. No financial terms were disclosed.
The Riverside Co. has acquired The Herbal Garden Inc., a Wauconda, Ill.-based supplier of freshly-packaged herbs to foodservice groups, grocery stores and bulk retailers across the Midwest, Mid-Atlantic and Southern U.S. No financial terms were disclosed.
HONG KONG (Reuters) – David Bonderman, one of the the most influential figures in the U.S. private equity industry, said on Thursday his firm, buyout giant TPG Capital TPG.UL, wanted to buy debt assets offloaded by troubled hedge funds. Bonderman, speaking at the Asian Venture Capital Journal (AVCJ) conference, also said a global recession would […]
NEW YORK (Reuters) – A court hearing to approve the sale of bankrupt department store chain Boscov’s was delayed for a fourth time on Thursday as the company’s founding family worked to finalize loans with lenders for the deal. The company, which filed for bankruptcy protection in August, said on Nov. 4 that it had […]