The Quercus Trust has completed its acquisition of Applied Solar Inc., a maker of building-integrated photovoltaics that filed for bankruptcy earlier this year.
Medstop, a Swedish pharmacy company backed by private equity firm Segulah, has acquired three Swedish pharmacy clusters from Apoteket AB. No financial terms were disclosed.
Lime Rock Partners has invested $25 million in Expert Petroleum SA, a Romanian rehabilitator of mature oil and gas fields.
AMSTERDAM/LONDON6 (Reuters) – French utility EDF (EDF.PA) has set an indicative timetable in its sale of Britain’s biggest electricity distribution network as industry and financial parties begin to form consortia, sources said. EDF has sent a teaser out to potential bidders for its three distributor network operators (DNOs) whose regulated asset value (RAV) now stands […]
HONG KONG (Reuters) – French insurer AXA’s (AXAF.PA) 15.6 percent stake in China’s No.4 life insurer, Taikang, attracted foreign and domestic bidders including Temasek and Blackstone (BX.N), valuing the holding at more than $1 billion, sources told Reuters on Monday. Other bidders included Bain Capital, KKR and two Chinese private equity firms, Hopu Investments and […]
HONG KONG/MUMBAI (Reuters) – India’s ICICI Bank (ICBK.BO), Singapore’s state investor Temasek Holdings and another large shareholder have revived plans to sell their stakes in back-office company Firstsource Solutions (FISO.BO), in a deal valued at $285 million at the current market price, sources said. ICICI, Temasek’s Aranda Investment and U.S.-based banking technology group Metavante own […]
NEW DELHI (Reuters) – India’s Kingfisher Airlines Ltd (KING.BO) said it is close to securing $400 million from private equity investors, as the cash-strapped carrier tries to cut its debt and interest burden. Chairman Vijay Mallya also said on Monday the airline would complete a $100 million rights issue and a $100 million global depositary […]
NEW YORK, Nov 8 (Reuters) – Defense contractor Northrop Grumman (NOC.N) has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co., for $1.65 billion, the companies said on Sunday. The deal is the latest in a spate of buyouts, as the financing markets improve. On […]
NEW YORK (Reuters) – Dollar General (DG.N) is set to go public next week, but the discount retailer could see mixed results in its closely watched initial public offering as its private equity backers have valued the company richly. The $750 million offering of the retailer controlled by private equity firm Kohlberg Kravis Roberts & […]
NEW YORK (Reuters) – Fortress Investment Group LLC (FIG.N), a listed hedge fund and private equity giant, posted a third quarter loss on Friday as management fees tracked a decline in total assets. Fortress shares were down 5 percent or 23 cents at $4.34 in morning trading. Fortress said its net loss attributable to Class […]