Lake Capital has sold Stamford, Conn.-based Archstone Consulting to The Hackett Group Inc. (Nasdaq: HCKT). No financial terms were disclosed.
Tiburon, a Gores Group portfolio company focused on automated public safety and security solutions, has acquired the data applications business of Positron Public Safety System. No financial terms were disclosed.
James Collins has joined Roark Capital Group as a vice president focused on franchise investments. He previously was a principal with Stone Tower Equity Partners.
TAIPEI (Reuters) – Fubon Financial, parent of Taiwan’s No.2 insurer, and China’s State Development & Investment Corp will set up a 3 billion Chinese yuan ($440 million) private equity fund, the Commercial Times reported on Wednesday, citing a Fubon executive. The private equity fund, aiming to tap industries in Fujian province, will be the first […]
SEOUL (Reuters) – South Korea may have to offer steep discounts to sell key state assets such as bank stakes, to help cut a growing fiscal deficit, while pumping money into the economy to pull it safely out of a global downturn. The alternative is more delays, but the desperation for funds may be enough […]
LONDON (Reuters) – Publisher Reed Elsevier’s (REL.L) (ELSN.AS) said on Wednesday its Chief Executive Ian Smith had quit because he was the wrong man for the times. Smith, an industry outsider who resigns after only eight months in the job, will be replaced by divisional chief Erik Engstrom. A company spokesman said: “Ian and the […]
LONDON (Reuters) – The private equity backers of Danish telecoms group TDC (TDC.CO) are meeting banks this month as they look to line up advisers to sell part of their $7.4 billion stake, people familiar with the matter said. Buyout firms Blackstone (BX.N), KKR, Permira, Apax and Providence Equity Partners are meeting banks in November […]
TOKYO (Reuters) – Private equity firm TPG Capital could partner with American Airlines on a minority investment in Japan Airlines (9205.T) to prevent its defection to a rival airline group, the chief financial officer of American parent AMR Corp (AMR.N) said. The emergence of TPG as a potential investor comes as the loss-making Japan Airlines […]
NEW YORK (Reuters) – Info Group (IUSA.O), a business-to-business marketing firm, attracted first round bids from companies including rivals and private equity firms, two sources familiar with the matter said. Info Group said in December 2008 it retained boutique advisory firm Evercore (EVR.N) to help evaluate its options. That was prompted by its former CEO […]
TORONTO (Reuters) – Cossette Inc (KOS.TO), Canada’s largest homegrown advertising agency, said on Tuesday it will sell itself to private eqyity firm Mill Road Capital, spurning a lower bid from Cosmos Capital. Mill Road will acquire all of Cossette’s issued and outstanding subordinate voting shares for C$7.87 a share in cash. Based on about 12.4 […]