KKR has agreed to invest around $164 million into an unlisted subsidiary of India's Dalmia Cement (Bharat) Ltd. The capital will be used to form India's largest private cement company.
FRANKFURT (Reuters) – BASF (BASF.DE), the world’s largest chemical maker by sales, is in advanced talks to take over German additives supplier Cognis, three sources with knowledge of the matter told Reuters on Friday. A bid could emerge by next week, one of the sources said. Cognis’s owners Permira [PERM.UL] and Goldman Sachs Capital Partners […]
SEOUL/HONG KONG (Reuters) – Buyout firms Unitas, Permira and Barings Private Equity are among shortlisted bidders for the sale of Outback Steakhouse’s Asian assets — a deal valued at around $300 million, sources with knowledge of the matter told Reuters. Private equity fund Bain Capital was looking to sell Outback’s Asian assets, including restaurant chains in […]
Tregaron Capital has acquired the assets of Economic Modeling Specialists Inc., a Moscow, Idaho-based provider of employment data and economic analysis. No financial terms were disclosed.
Champlain Capital Partners has sold Earth Cool Company Inc. to The Charles Machine Works Inc. (aka Ditch Witch). No financial terms were disclosed. Earth Tool is a maker of piercing tools, bursting systems, pneumatic hammers and horizontal directional drills.
NEW YORK (Reuters) – Americold Realty Trust (ACRE.N), backed by billionaire West Coast investor Ron Burkle, shelved its initial public offering on Thursday due to “market conditions,” according to a market source. The company, which operates chilled warehouses for fruit, vegetables and meats, had already delayed the offering and slashed its value by 7 percent […]
NEW YORK (Reuters) – Smile Brands Group Inc (GRIN.N), which provides support services for U.S. dentists, canceled its initial public offering on Thursday, according to an underwriter. The sponsor decided not to move forward with the offering as it would likely have priced at $14 per share, below the $16 to $18 range. The offering […]
BOSTON (Reuters) – Fortress Investment Group (FIG.N) said pretax distributable income rose tenfold in the first quarter, topping expectations, due to good performance across its funds. The New York-based hedge fund and private equity firm said pretax distributable income, a figure that excludes non-cash compensation charges and other costs, was $96 million, or 19 cents […]
(Reuters) – Pharmaceutical services provider InVentiv Health Inc (VTIV.O) said it agreed to be acquired by private equity firm Thomas H. Lee Partners for about $1.1 billion. THL Partners will pay $26 per share, a premium of 7 percent to InVentiv’s closing price Wednesday on Nasdaq. However, InVentiv shares had already risen 42 percent since […]
(Reuters) – Three big private equity firms have teamed up to bid for Fidelity National Information Services Inc (FIS.N), sources familiar with the situation said on Thursday, a deal that, if completed, would rank as the biggest leveraged buyout since the financial crisis hit. Blackstone Group (BX.N), Thomas H. Lee Partners and TPG Capital are […]