LONDON (Reuters) – French cable television operator Numericable said that it has increased the interest margin on a loan amendment request, the company said on Monday. Numericable is seeking to amend its loan to allow it to buy back debt and raise senior secured bonds but the original request was rejected twice despite extending deadlines. […]
HONG KONG (Reuters) – China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group, plans to raise up to $203 million via an initial offering of shares in Hong Kong late this month. The company, also invested in by private equity firm Partners Group, is offering 750 million shares at a range […]
Champ Private Equity, the Australian affiliate of Castle Harlan, has sold United Malt Holdings to GrainCorp Ltd. (AX: GNC). The deal was valued at US$655 million.
TOKYO (Reuters) – Citigroup Inc (C.N) said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion). Bain has been widely expected to buy Bellsystem24 after securing exclusive negotiation rights earlier this month. Sources had told Reuters last week […]
LOS ANGELES (Reuters) – Metro-Goldwyn-Mayer said on Friday it is exploring a potential sale of the company as the storied Hollywood studio struggles to deal with looming debt payments and come up with a long-term business plan. MGM, whose lenders extended a forbearance until January 31, said its other options include operating as a stand-alone […]
PHILADELPHIA (Reuters) – Blackstone Group LP (BX.N) said on Friday its president and chief operating officer sold $67.5 million of his stake in the private equity firm to invest in various Blackstone funds. Blackstone’s Tony James sold 4.5 million units at $15 per unit, according to a filing with the U.S. Securities and Exchange Commission. “The units, which […]
James Rhee has joined GB Merchant Partners as a managing director of the 1903 Equity Fund, which invests in middle-market retail and consumer products companies. He previously was with J.W. Childs Associates.
SAN FRANCISCO(Reuters) – Hewlett-Packard Co’s (HPQ.N) $3.1 billion play for 3Com Corp (COMS.O) will help the technology giant expand its product portfolio amid rapid industry consolidation — and few think HP is done shopping. HP’s deal for 3Com should allow it to better compete with networking leader Cisco Systems Inc (CSCO.O), analysts say, as HP […]
TORONTO (Reuters) – Caisse de depot et placement du Quebec announced a multibillion-dollar borrowing plan on Friday to refinance the giant Canadian pension fund’s short-term debt as it fortifies balance sheets decimated by the global crisis. The Montreal-based Caisse, once Canada’s biggest pension fund manager by far, said the refinancing program could see it issue […]
NEW YORK(Reuters) – Playboy Enterprises Inc (PLA.N) is in talks with Jim Griffiths, a former entertainment president at Playboy, and private equity firm Golden Gate Capital, to sell itself for about $300 million, a source familiar with the matter said Friday. Playboy declined to comment. Golden Gate Capital, which is in joint talks with Griffiths, […]