NEW YORK (Reuters) – Cerberus Capital Management will not sell any shares of Japanese bank Aozora (8304.T) in the open market, the private equity firm said on Monday in response to what it called “market rumors.” “Cerberus maintains its positive long-term view of this investment and has no plan to sell any Aozora shares in […]
SINGAPORE (Reuters) – Actis, a private equity firm, said on Tuesday it has raised $750 million for a fund that will invest primarily in power generation and transport in emerging markets. The Actis Infrastructure 2 fund will be managed by Actis staff in Singapore, Mumbai and London. Actis, which focuses on emerging markets, manages about […]
NEW YORK (Reuters) – A group of investors led by Starwood Capital Group and private equity firm TPG have won the auction for assets of failed Corus Bank, in a deal that will see them invest about $554 million, a source familiar with the situation said on Tuesday. The Federal Deposit Insurance Corp (FDIC) is […]
(Reuters) – Oak Hill Capital Partners, the private equity owner of drugstore chain Duane Reade Holdings Inc, is one of the frontrunners to buy discount chain Grocery Outlet, the New York Post said, citing a source close to the matter. Oak Hill is competing with another private equity firm, CCMP Capital Advisors, for the retailer, […]
Symetra Financial Corp., a Bellevue, Wash.-based life insurance company, has filed for a $575 million IPO. It previously filed for a $750 million IPO in June 2007, but canceled the offering last year due to market conditions. It plans to trade on the NYSE under ticker symbol SYA. Underwriters includ BoA Merrill Lynch, JPMorgan, Goldman […]
GrainCorp Ltd. (AX: GNC), an Australian bulk gtrain handler, has agreed to buy United Malt Holdings from Castle Harlan and Australian affiliate CHAMP Private Equity. The deal is valued at US$655 million. UMH is a global provider of malt for the brewing and distilling industries.
HHI Holdings LLC, a portfolio company of KPS Capital Partners, has completed its acquisition of the assets of FormTech Industries LLC, via a prepackaged bankruptcy process. FormTech makes forged metal automotive components, and employes around 400 people in Michigan and Ohio.
CompuDyne Corp., a portfolio company of The Gores Group, has sold Quanta Systems LLC to Black Box Corp. (Nasdaq: BBOX) for an undisclosed amount. Quanta is a Gaithersburg, Md.-based provider of security and command center solution.
AMSTERDAM (Reuters) – Dutch supermarkets group Super de Boer NV (SDB.AS) said grocer Sperwer had indicated it would make a 516 million euro ($754 million) bid for the company, topping a 480 million euros offer from Dutch rival Jumbo. The intended offer from Sperwer came after Jumbo said on Monday it had reached a deal […]
(Reuters) – Belgian supermarket group Delhaize (DELB.BR) (DEG.N) said on Monday that it agreed to buy a “substantial majority” of bankrupt U.S. supermarket chain BI-Lo LLC’s assets for $425 million in cash. Delhaize said it plans to integrate the assets included in the deal with its wholly owned U.S. subsidiary Food Lion LLC. BI-Lo, which […]