LONDON (Reuters) – Barclays (BARC.L) Private Equity (PE) is set to spin out of bank ownership this summer ahead of a new fundraising from the mid-market buyout specialist in the autumn, people familiar with the situation said. Barclays PE is one of the few remaining buyout firms under bank control, but talks have been going […]
TOKYO (Reuters) – TPG Capital and Advantage Partners are among the bidders left in the competition to buy Anabuki Construction Inc, a Japanese apartment developer that failed last year with about $1.6 billion in debt, two sources with knowledge of the deal said. Anabuki, based on the southern Japanese island of Shikoku, announced in February […]
NEW YORK (Reuters) – Private equity firm Blackstone Group LP (BX.N) is considering investing $500 million alongside a group that has offered to help General Growth Properties Inc (GGP.N) exit bankruptcy protection, a source familiar with the matter said on Friday. Brookfield Asset Management Inc (BAMa.TO), William Ackman’s Pershing Square Capital Management and Fairholme Capital […]
Affinion Group Holdings Inc., a Norwalk, Conn.-based provider of integrated marketing and loyalty solutions, has filed for a $400 million IPO. No underwriters were listed. The company reports $1.38 billion in revenue and a $66.4 million net loss for 2009, compared to $1.41 billion in revenue and a $134.5 million net loss in 2008. Apollo Management acquired […]
FRANKFURT (Reuters) – Billionaire Nicolas Berggruen has made an offer to buy insolvent department store chain Karstadt a week before an extended deadline for bids runs out, A spokesman for the investor said on Friday. Until Berggruen’s offer, European buyout firm Triton was the only bidder to emerge. Berggruen Holdings is a private equity firm […]
NEW YORK (Reuters) – Goldman Sachs Group Inc’s (GS.N) private equity unit is to buy food supplier Michael Foods from private equity firm Thomas H. Lee Partners THL.UL in a deal valued at $1.7 billion, Michael Foods said in a press release on Friday. THL, which invested in the eggs and refrigerated potatoes supplier in […]
ABRY Partners has agreed to sell CapRock Communications to Harris Corp. (NYSE: HRS) for $525 million in cash. CapRock is a Houston, Texas-based provider of mission-critical managed satellite communications solutions for the energy, government and maritime industries.
The Harvard Drug Group, has acquired Spectrum Pharmacy Products, a maker of fine chemicals and laboratory products, from Spectrum Chemical Manufacutring Corp. No financial terms were disclosed. Harvard Drug is a portfolio company of Court Square Capital Partners.
Joe Wright, the recently-retired CEO of Scientific Games Corp., has joined Providence Equity Partners as a senior advisor.
(Reuters) – Terra Firma, the private equity firm run by Guy Hands, has raised its investment in renewable energy by buying the Ardrossan Windfarm in Ayrshire, Scotland from Scottish & Southern Energy (SSE.L). Terra Firma’s Infinis, which also has landfill gas operations, will pay 28.1 million pounds ($40.38 million) in cash and assume debt of […]