STOCKHOLM (Reuters) – Swedish biotechnology group Biovitrum (BVT.ST) said on Thursday it had signed a deal to buy drug firm Swedish Orphan, jointly owned by holding company Investor AB (INVEb.ST) and private equity firm Priveq. Biovitrum said in a statement it had agreed to pay an upfront consideration of 3.5 billion Swedish crowns ($493.2 million) […]
NEW YORK, Nov 5 (Reuters) – Leveraged buyouts struck by Cerberus Capital and Apollo Management performing worse than deals by other private equity firms such as Kohlberg Kravis Roberts & Co., a report by Moody’s said on Thursday. Moreover, mega-deals have fared badly on average, said the report, which studied 186 deals structured during the […]
NEW YORK (Reuters) – Shares of Hyatt Hotels Corp will price on Wednesday and are set to start trading on Nov. 5, a day earlier than previously planned, according to some of the company’s underwriters. The company had earlier intended for the pricing of shares for its initial public offering to take place Thursday and […]
BlackEagle Partners and Building Industry Partners have agreed to buy three regional operations from Stock Building Supply, a Raleigh, N.C.-based supplier of building products to professional builders and contractors. The seller was Gores Group, which acquired SBS out of bankruptcy earlier this year. No financial terms were disclosed for the deal, which includes operations in Central New York, Connecticut and Wisconsin.
(Reuters) – Physical rehabilitation services provider RehabCare Group Inc (RHB.N) said it agreed to merge with privately held Triumph HealthCare, a long-term acute care hospitals operator, for about $570 million, to create the fourth-largest U.S. post-acute hospital operator. RehabCare said it will finance the deal through a combination of bank financing, equity and/or seller financing […]
Hal Strong, former vice chairman of Russell Investments, has joined Genstar Capital as an operating executive. He will focus on the asset management and financial services sectors.
Sarnova, a distributor of health care products in the emergency medical services (EMS) and respiratory markets, has acquired Metropolitan Medical Inc., a medical products supplier serving the mid-Atlantic region. No financial terms were disclosed. Sarnova is a portfolio company of Water Street Healthcare Partners.
LONDON (Reuters) – Subordinated bondholders of Wind Hellas will offer senior secured noteholders an incentive to accept their proposal to bid for the company, said Michael Hodges of Aladdin Capital Management. Aladdin Capital is co-ordinating the subordinated bondholders’ committee established to protect their interest in Wind Hellas. The incentive includes a fee of 400 basis […]
LONDON (Reuters) – The pension scheme of the City of London is considering tightening the reins on its fund managers to get more control over investment decisions after a tough 2008. The scheme is also mulling whether to invest more in alternatives like private equity to broaden its assets and help weather market changes. The […]
HONG KONG (Reuters) – Goldman Sachs (GS.N) has agreed to sell half of its holding in Shineway Group, China’s top meat processor, to a Chinese fund for about $150 million, earning roughly five times its investment from the landmark 2006 deal, sources with direct knowledge of the matter said on Wednesday. The acquisition attracted wide […]