KPS Capital Partners has recapitalized North American Breweries Inc., just a few months after forming the company as an acquisition platform. RBS Citizens served as lead agent and co-book runner for the financing sundicate, while the other co-book runner was JP Morgan Chase Bank.
AMSTERDAM (Reuters) – A bidding war around Solvay’s drugs unit appeared to be emerging after a reported bid from Abbott valued the unit at up to 5 billion euros, rivaling an earlier, lower offer from Nycomed. The Wall Street Journal reported that Abbott has emerged as a strong competitor to buy Solvay’s drugs unit as […]
The Blackstone Group is considering a bid for Anheuser-Bush InBev’s theme parks, including SeaWorld and Busch Gardens, according to Dow Jones. Blackstone already has theme park holdings, including Universal Orlando. www.blackstone.com
LONDON (Reuters) – Montagu Private Equity, the British buyout house, said on Thursday it has agreed a deal to acquire airfield lighting company ADB Airfield Solutions from Siemens AG (SIEGn.DE). The companies did not disclose financial terms of the deal. Late last month Thomson Reuters LPC reported that Bank of Ireland and West LB were […]
Steve Pagliuca, a managing director of Bain Capital, has resigned from the Burger King (NYSE: BKC) board of directors, shortly after launching a campaign for U.S. Senate in Massachusetts. Pagliuca has taken a leave of absence from Bain. www.burgerking.com
Phil Cox has joined Silicon Valley Bank as head of operations in the UK, Europe and Israel. Cox previously ran commercial banking for Royal Bank of Scotland in London.
Virginia Gambale, founder and managing partner of Azimuth Partners, has joined the board of Piper Jaffray Companies.
LAS VEGAS (Reuters) – EBay Inc Chief Executive John Donahoe said on Wednesday that recent lawsuits will not derail a $1.9 billion deal to sell a majority interest in Web telephone unit Skype to an investor group. “This deal is going to close,” Donahoe told the annual summit of Shop.org, the online arm of the […]
(Reuters) – The Riverside Company, one of the oldest U.S. buyout firms with more than $3 billion in assets under management, is raising its first Asia fund to focus on buyout deals in Greater China, a senior executive said. Stewart Kohl, co-chief executive of Riverside, which is named after the Hudson River in New York, […]
LONDON (Reuters) – British private equity firm 3i Group Plc (III.L) doused hopes that the stock market rally would quickly feed through into the value of its assets, sending its shares down more than 3 percent. In a statement on Thursday the company said the disposals it had made in the five months ended Sept. […]