LONDON (Reuters) – Private equity sponsor Montagu Private Equity has appointed Sal. Oppenheim to advise on the possible sale of German sausage casings maker Kalle Nalo, bankers familiar with the situation said on Monday. The sale process is not expected to begin until 2009, they added. “The M&A advisers are trying to warm up the […]
The Orthotic Group, an acquisition platform sponsored by PNC Equity Partners, has acquired the Deerfield, N.Y.-based custom orthotics business of Langer Inc. Bank of Montreal provided senior debt, although no additional financial terms were disclosed.
JAKARTA (Reuters) – Shares in Indonesia biggest coal miner, PT Bumi Resources Tbk (BUMI.JK: Quote, Profile, Research, Stock Buzz), tumbled nearly 7 percent on Monday, surrendering early gains, on investor uncertainty over Bumi’s ownership and its group debt. Shares in Bumi traded as high as 1,100 rupiah, up about 9 percent from Friday’s close, before […]
MADRID (Reuters) – Sacyr Vallehermoso’s (SVO.MC: Quote, Profile, Research, Stock Buzz) 7.9 billion euro ($10.22 billion) sale of its highway business to Citigroup (C.N: Quote, Profile, Research, Stock Buzz) on Monday will reduce the Spanish builder’s massive debt pile and ease mounting pressure to sell its stake in Repsol. Last week, Sacyr was close to […]
The Blackstone Group has agreed to buy a majority stake in the outsourcing unit of India-based CMS Computers Ltd. The unit, which also manages card solutions and ATM cash management, would be spun off into a new company run by former Microsoft India CEO Rajiv Kaul. CMS would retain a minority ownership position. No financial terms were disclosed.
HONG KONG (Reuters) – U.S. private equity firm Kohlberg Kravis Roberts & Co. plans to invest $100 million into China’s Mengniu Modern Farm, a source familiar with the matter said on Monday, taking a stake in a fragmented and troubled industry. Other investors may pour $150 million more into the company alongside KKR, said the […]
Genstar Capital has agreed to acquire Long Term Care Group Inc. from Advent International and CCP Equity Partners. No financial terms were disclosed. LTCG is an Eden Prairie, Minn.-based provider of outsourced services to the long term care insurance industry and the geriatric care market. It will serve as the cornerstone of a new senior care services platform called UniVita.
Renal Advantage Inc., a Brentwood, Tenn.-based for-profit provider of dialysis services in the United States, has agreed to acquire National Renal Alliance LLC, a Franklin, Tenn.-based owner and operator of 45 dialysis facilities in 10 states. No financial terms were disclosed for the deal, which is expected to close later this month. Renal Advantage is […]
Presidio Investors has acquired a minority stake in The Interface Financial Group, a Potomac, Md.-based franchisor of professional bookkeeping and invoice discounting services. No financial terms were disclosed. www.interfacefinancial.com
Longroad Asset Management has agreed to acquire Medford, Wis.-based Hurd Windows & Doors Inc. out of bankruptcy, according to LBO Wire. Longroad will pay $11.25 million and buy up around $14 million in bank debt held by the residential window and door maker. www.hurd.com