FRANKFURT (Reuters) – Financial investor BC Partners plans to float part of German chemical distributor Brenntag in the first half of 2010, several sources familiar with the situation told Reuters on Tuesday. The planned placement of up to 1.5 billion euros ($2.2 billion) in old and new shares would be the largest initial public offering […]
(Reuters) – Private equity firm Onex Corp will sell 11 million subordinate voting shares in contract electronics manufacturer Celestica Inc (CLS.TO) for C$113.3 million, the company said. Onex will sell the Celestica shares for C$10.30 a share to a group of underwriters led by CIBC World Markets in a secondary bought deal offering, Onex and […]
Wananchi Group Holdings, a provider of pay television and broadband services in Kenya and Tanzania, has raised $25 million from Emerging Capital Partners. PRESS RELEASE Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, announced today it has committed $25 million to Wananchi Group Holdings, a leading East […]
Galen Partners has acquired and merged two providers of medical imaging equipment: Barrington Medical Imaging LLC and Echoserve Inc. The Golden, Colo.-based parent company is called Medical Imaging Holdings Inc. No financial terms were disclosed.
(Reuters) – Business development company Fifth Street Finance Corp (FSC.N) said it began a public offering of 4 million common shares and expects to use most of the proceeds to make investments in small and mid-sized companies. Shares of Fifth Street fell 4.3 percent to $10.69 in trading after the bell. They closed at $11.17 […]
HONG KONG(Reuters) – CDH Investments, backed by Singapore’s sovereign fund and the World Bank, is raising a $1.4 billion private equity fund, its fourth fund targetting growth-stage companies in China, a source said on Tuesday. CDH, established in 2002 as a spin-off from China International Capital Corp, the investment banking joint venture one-third owned by […]
LONDON (Reuters) – Japanese brewer Suntory has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments. Suntory will pay 2.6 billion euros ($3.85 billion) for Orangina, two sources familiar with the situation said, allowing Blackstone Group (BX.N) […]
NEW YORK (Reuters) – Education Management Corp is set to price its planned $380 million IPO in early October and become the latest private equity-owned firm to go public during the current stock market rally. EDMC, which initially filed in December 2007 to go public, said in an updated prospectus filed on on Monday with […]
Palladium Equity Partners has acquired Capital Contractors Inc., a Melville, N.Y.-based based provider of janitorial and facilities maintenance services. No financial terms were disclosed, exept that Palladium provided both equity and debt.
Boeing (NYSE: BA) has named Andrew Ward as chief investment officer of its $65 billion pension system. He previously was managing director of investment strategy and asset allocation. Former Boeing CIO Mark Schmid left in June to become CIO of the University of Chicago.