NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co (KKR.AS) said on Friday that it will at some point raise a new private equity fund, but stressed it still has $5 billion left to spend from its previous fund raised in 2006. Investors have been anticipating KKR raising a new fund for […]
(Reuters) – Franchisees of bankrupt Fuddruckers restaurant chain objected to the sale of the company to Tavistock Group, saying they have received no assurance regarding Tavistock’s ability to carry out its obligations as a franchisor. Magic Brands LLC, the parent of the Fuddruckers and Koo Koo Roo restaurant chains, filed for bankruptcy protection in April […]
BEIJING (Reuters) – Asia private equity firm SAIF Partners said it is close to completing a new fund with more than $1 billion, and plans to raise its largest-ever yuan fund in the second half, drawing on strong demand for China investments. SAIF, one of China’s oldest private equity firms and whose past investments include […]
National Dentex Corp. (Nasdaq: NADX), an owner and operator of dental laboratories in North America, announced that its go-shop period had ended without a rival offer to an existing $17 per share bid from GeoDigm Corp., a portfolio company of Welsh, Carson, Anderson & Stowe.
TMS International Inc., a Glassport, Penn.-based provider of outsourced industrial services to steel mills, has filed for a $150 million IPO. it plans to trade on the NYSE under ticker symbol TMS, with Boa Merrill Lynch, Credit Suisse and J.P. Morgan serving as co-lead underwriters. The company reports $1.3 billion in 2009 revenue, with a $79 […]
NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co (KKR.AS) reported a sharp increase in first-quarter earnings on Thursday as fee income and the value of its investments rose. KKR is one of the biggest private equity firms in the world with investments in companies such as retailer Dollar General Corp (DG.N), […]
(Reuters) – China National Offshore Oil Corp, parent of offshore oil and gas specialist CNOOC Ltd (0883.HK), and General Electric Co (GE.N) are considering setting up a 3 billion yuan ($439 million) private equity fund, the China Daily said, citing sources familiar with the matter.Both companies will hold stakes of 50 percent each in the […]
MELBOURNE (Reuters) – Australian hospital operator Healthscope (HSP.AX) said it has received a $1.6 billion takeover approach from a group of buyout firms, which a source said were Carlyle Group and TPG. Healthscope shares soared as much as 21 percent to a two-year high on news of the approach, which marked a return of big […]
Ikaria, a Clinton, N.J.-based biopharma company, has filed for a $200 million IPO. It plans to trade on the Nasdaq under ticker symbol IKAR, with Goldman Sachs and Morgan Stanley serving as co-lead underwriters. The company reports nearly $275 million in 2009 revenue, compared to $237 million last year. Its net income grew from $9.6 […]
(Reuters) – Noranda Aluminum Holding Corp cut its initial public offering size and price, the producer of primary aluminum products said on Thursday. In a regulatory filing, Noranda said it now expects to offer 10 million shares priced between $8 and $9 each, down from its earlier plan to offer 16.7 million shares at $14 […]