LONDON (Reuters) – Warburg Pincus is buying British discount retailer Poundland from fellow private equity company Advent International in a deal one person familiar with the process said was worth about 200 million pounds ($305 million). Warburg Pincus said on Tuesday it was acquiring a majority stake with the management of Poundland, led by Chief […]
MUMBAI (Reuters) – Three top officials at the private equity arm of ICICI Bank (ICBK.BO), India’s No. 2 lender, have resigned and aim to launch their own fund following the footsteps of former CEO a year ago. Jayanta Banerjee, president of private equity practice at ICICI Venture, along with two other directors, Anand Vyas and […]
Accretive Health Inc., a Chicago-based provider of healthcare revenue cycle management services, has set its IPO terms to 13.33 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $1.44 billion, were it to price at the high end of its range. The company […]
Interxion, a Dutch data storage company, said that it has filed for an IPO of ordinary shares in the U.S. The filing is not yet available on the SEC website. The company is controlled by Baker Capital.
Simply Healthcare, a Coral Gables, Fla.-based HMO backed by MBF Healthcare Partners, has acquired assets related to the Medicaid and Florida Healthy Kids business of Total Health Choice Inc. No financial terms were disclosed. Simply Healthcare also invested an undisclosed amount in Better Health, a provider of managed care services to Medicaid recipients in Broward County.
Canon Communications LLC, a Los Angeles-based B2B publisher and event organizer, has acquired pharmaceutical blog Pharmalot. No financial terms were disclosed. Canon is a portfolio company of Apprise Media, which is controlled by Spectrum Equity Investors.
WILMINGTON, Del. (Reuters) – Theme park operator Six Flags Inc emerged from Chapter 11 bankruptcy on Monday after wiping out more than a billion dollars of debt by turning the company’s ownership over to bondholders. The company, which operates 19 amusement parks in North America, enters its high season without the constraints of bankruptcy and […]
NEW YORK (Reuters) – A specialty finance company managed by private equity firm Kohlberg Kravis Roberts & Co on Monday said it was selling shares to raise money for acquisitions. San Francisco, California-based debt fund KKR Financial Holdings LLC (KFN.N) said it would sell 25 million common shares and use proceeds from the sale for […]
BOSTON (Reuters) – Sophos, the biggest privately held security software maker, has agreed to sell a majority stake to private equity firm Apax Partners, ditching efforts to take itself public. The deal values the British company at about $830 million, Sophos spokesman Mike Haro said on Monday. He said he could not provide other details […]
Warburg Pincus has agreed to sell LifeCore Biomedical Inc., a Chaska, Minn.-based maker hyaluronan-based biomaterials for the medical and veterinary markets, to Landec Corp. (Nasdaq:LNDC). The deal is valued at up to $54 million, including $40 million in cash, $4 million in assumed debt and up to $10 million in earn-outs. Warburg Pincus took LifeCore private in 2008 for approximately $239 million. It then split the company into two pieces, with the dental division being merged into an existing portfolio company and the hyaluronan remaining as Lifecore.