WARSAW (Reuters) – Private equity firm EQT plans to buy Polish specialised medical equipment maker HTL Strefa for 886 million zlotys ($310.1 million), the Polish company said on Thursday. EQT is offering to buy all of HTL Strefa’s 64.6 million shares at 13.71 zlotys apiece and has already reached an agreement to buy 77.8 percent […]
Alvarez & Marsal has added nine senior professionals to its private equity performance improvement unit: Ron Bernard and Stephen Griffin as managing directors in New York and Boston, respectively; Joel Mostrom as a senior director in New York; Paul Kosturos as a director in San Francisco; and Fabiana Fakhoury, Simon Flax, Jeffrey Klein, Jennifer Kim and Daniel Schellenberg as directors in New York. Bernard previously was president of LWB Media Consulting, while Griffin was founder of G5 Capital.
NEW YORK (Reuters) – The private equity firms that own U.S. radio operator Clear Channel Communications Inc, denied a story by The New York Post, which said banks have refused funding assistance. “The New York Post story about Clear Channel today is dead wrong, and we told them so,” a representative for private equity firms […]
BRUSSELS/NEW YORK (Reuters) – Blackstone Group LP (BX.N) plans to buy Anheuser-Busch InBev’s (ABI.BR) U.S. theme parks for up to $2.7 billion, the companies said on Wednesday, expanding the private equity firm’s entertainment portfolio. The sale by AB InBev was widely expected as the company focuses on paying off $45 billion in loans from the […]
MOSCOW (Reuters) – Private equity firm TPG Capital and the private equity arm of Russian state bank VTB (VTBR.MM) finalised the purchase of a 35.4 percent stake in Russian hypermarket chain Lenta, banking industry sources said. One of the sources on Wednesday said that the purchase price was $115 million. According to several sources, TPG […]
PHILADELPHIA (Reuters) – Clayton Dubilier & Rice Inc said on Wednesday it agreed to invest $477 million to get a 46 percent stake in commercial cleaning company JohnsonDiversey as part of a broader $2.6 billion recapitalization. JohnsonDiversey, which has annual sales of more than $3 billion, provides cleaning and sanitation services for the retail, healthcare […]
LONDON (Reuters) – Britain’s biggest bingo club operator Gala Coral may end up in the hands of lenders if a proposal from a group of debt holders is accepted, two people with knowledge of the situation told Reuters. The gaming company — owned by private equity firms Candover (CDI.L), Cinven and Permira — is in […]
LONDON (Reuters) – U.S. investment firm Blackstone (BX.N) took control of British laboratory company ALcontrol on Wednesday, after a restructuring that saw previous owner Candover (CDI.L) lose its investment in the soil testing firm. Investment funds managed by GSO Capital Partners LP — bought by Blackstone in 2008 — have become ALcontrol’s new majority shareholder […]
Arun Sarin, former CEO of Vodafone PLC, has rejoined Kohlberg Kravis Roberts & Co. as a senior advisor. There had been reports late last year that Sarin turned down an offer to become CEO of Yahoo.
Resilience Capital Partners, a Cleveland-based private equity firm, has formed North Coast Minerals, a platform company that will invest in the debt, mezzanine and equity of industrial minerals, mining, natural resources and related businesses. No financial terms were disclosed.