TOKYO (Reuters) – Bain Capital has won exclusive rights to negotiate with Citigroup Inc (C.N) to buy its Japanese telemarketer in a deal that could be worth more than $1 billion, three people with knowledge of the transaction said. It would be the largest private equity deal in Japan involving a foreign buyout firm since […]
BMO Capital Markets has named Dirk Leasure as head of the firm's financial sponsors group. He joined the firm in 2002, before which he worked in the financial sponsors group of Goldman Sachs.
Hub International Ltd., a Chicago-based insurance brokerage, has completed and funded a $200 million incremental senior secured term loan under its existing senior secured credit facility. Hub was taken private in 2007 for $1.8 billion by Apax Partners and Morgan Stanley Principal Investments. PRESS RELEASE Hub International Limited (“HUB”) today announced that it completed and […]
PARIS (Reuters) – French private equity firm PAI Partners has made a formal proposal to investors to cut its 5.4 billion euro ($7.90 billion) Fifth buyout fund in half, and to change its governance in favor of investors, a source close to the matter said on Tuesday. “PAI sent its offer to investors this evening,” […]
HONG KONG (Reuters) – Private equity firms Bain Capital and General Atlantic are among those eyeing Morgan Stanley’s (MS.N) stake in China International Capital Corp (CICC), the country’s largest investment bank, in a deal that could fetch more than $1.2 billion. Morgan Stanley paid just $37 million for its piece of CICC when the Chinese […]
DLT Solutions, a Herndon, Va.-based reseller of IT products and services to public and private sector clients, has raised an undisclosed amount of private equity funding from TZP Group.
SAO PAULO (Reuters) – GP Investments (GPIV11.SA), the largest Latin American private equity firm, will exit its investment in Brazilian shopping mall operator BRMalls (BRML3.SA) to focus growth on other business units, O Estado de S. Paulo said on Tuesday, citing people with knowledge of the situation. GP Investments, which late on Monday said it […]
AMSTERDAM (Reuters) – More than a year after private equity firm CVC Capital Partners launched its first infrastructure fund, it has yet to reach a close in its fundraising, two sources close to the process said. The Luxembourg-headquartered buyout firm launched its debut $2 billion infrastructure fund in September 2008 but has not secured enough […]
PARIS (Reuters) – Car parts group Faurecia (EPED.PA) has struck a deal to buy EMCON Technologies, a U.S. company with 2008 sales of 2.4 billion euros ($3.55 billion) and a key presence in the fast-growing market for clean emissions cars. “This deal is in line with our company strategy introduced in February 2009. It reinforces […]
EnCap Energy Infrastructure Fund and TPH Partners have formed Meritage Midstream Services, a Golden, Colo.-based provider of midstream services to oil and gas producers. No details of the equity commitments were disclosed.