WELLINGTON/HONG KONG (Reuters) – New Zealand’s Telecom Corp (TEL.NZ) is in negotiations to sell its Australian subsidiary AAPT to TPG Telecom (TPM.AX), which has bid about $400 million for the company, a source told Reuters. TPG was selected as Telecom’s preferred bidder after its offer for AAPT trumped three other bids, a source close to […]
NEW YORK (Reuters) – Warner Music Group (WMG.N) posted a narrower quarterly loss on Thursday as the decline in music CD sales at the world’s third largest music company was partially offset by growth in digital services. Net loss for the fiscal second quarter ending in March was $25 million, or 17 cents a share, […]
LOS ANGELES (Reuters) – Billionaire media mogul Haim Saban’s Saban Capital Group on Wednesday said it formed a new unit called Saban Brands LLC, which will dedicate more than $500 million to buying brands that resonate with consumers. “As media and consumer options become increasingly fragmented and proliferated, our underlying thesis is that properties that […]
NEW YORK (Reuters) – KKR Financial Holdings LLC (KFN.N) withdrew on Wednesday its plan to sell additional common shares, just two days after it said it was seeking to raise money for acquisitions through the offering. KKR Financial Holdings, a specialty finance company managed by private equity firm Kohlberg Kravis Roberts & Co, said on […]
Cash Cycle Solutions Inc., a Charlotte, N.C.-based provider of outsourced transaction processing services, has acquired San Diego-based Sea-Net Holding Inc. The deal was partially financed by $15 millionin debt from BIA Digital Partners and RBC Bank.
Earth Capital Partners, a UK-based private equity firm, is raising upwards of $300 million for a new fund that invest in sustainable timber plantations in Brazil and other Latin American countries.
Stefan Franssen has joined GMT Communications Partners as a partner. He had spent the past eight years with Cinven.
Ian Jacobson has stepped down as a vice president with Winona Capital Management, in order to become chief financial officer of Eco-Products Inc., a Boulder, Colo.-based maker of green foodservice disposables. www.ecoproducts.com
John Pollock and Mike Miller have joined mid-market I-bank Fidus Partners as managing directors. Pollock previously was a managing director and head of the healthcare practice with Edgeview Partners. Miller was a managing director and head of business development for Allied Capital, and will run business development for Fidus.
COPENHAGEN (Reuters) – Danish ambulance and rescue services group Falck will announce details of its planned public offering of stock within a week, ahead of a listing by fellow Danish company Chr Hansen, sources familiar with the deal said on Wednesday. Falck said on April 22 it was exploring a stock offering and listing on […]