WorldLynx Wireless, a Toronto-based acquisition platform focused on Bell Mobility independent wireless dealers across Canada, has raised an undisclosed amount of private equity funding from Mistral Equity Partners.
NEW YORK (Reuters) – The Minneapolis Star-Tribune is poised to exit bankruptcy by the end of September after a federal bankruptcy judge approved a reorganization plan that gives ownership of Minnesota’s largest newspaper to its senior lenders. Judge Robert Drain of U.S. Bankruptcy Court in Manhattan on Thursday approved the plan, which calls for a […]
PARIS (Reuters) – Vivendi (VIV.PA) on Monday declined comment on whether it was likely to sell its 20 percent stake in NBC Universal this year, which could pave the way for a possible initial public offering of the U.S. media group. “Vivendi has no comment to add to what (Chief Executive) Mr Levy has said,” […]
FRANKFURT (Reuters) – The mail-order division of insolvent German retailer Arcandor (AROG.DE) is likely to be sold in October, a spokesman for the administrator said, confirming a report that a sale was on the cards in the coming weeks. Joerg Nerlich, who is a part of the insolvency administrator team, had said last Friday that […]
HONG KONG (Reuters) – Wumart Stores Inc (8277.HK), a major Chinese retailer backed by TPG Capital, is in the final stages of talks to acquire smaller rival Times Ltd (1832.HK) for about $600 million, a moved aimed at boosting Wumart’s national network, people familiar with the situation said on Monday. Times was also in talks […]
HONG KONG (Reuters) – Citigroup’s Asia-Pacific M&A head, Steven Wallace, has left the bank, sources familiar with the matter said on Monday, roughly two years after agreeing to take on the post. A Citigroup spokesman confirmed Wallace’s departure. News of Wallace’s move to Citi came in July 2007, although his arrival at the bank was […]
SHANGHAI/HONG KONG (Reuters) – An investment arm of Goldman Sachs (GS.N) is in talks with Chinese car maker Geely Automotive (0175.HK), which has been linked with both Volvo and Opel, to buy about $250 million of the company’s convertible bonds and warrants, two sources said. “The two sides have basically agreed on the investment in […]
Aurora Capital Group has agreed to acquire Porex from HLTH Corp. (Nasdaq: HLTH). The deal is valued at $142 million, including $74.5 million in cash payable at closing and $67.5 million in senior secured debt. Porex makes porous plastic products and components used in healthcare, industrial and consumer applications.
HONG KONG (Reuters) – The Carlyle Group said on Sunday that the U.S. private equity giant had bought a minority stake in Yashili to help the leading Chinese infant formula maker improve its research and production. Washington-based Carlyle obtained a 17.3 percent stake in Yashili, headquartered in the southern Chinese province of Guangdong, according to […]
LONDON (Reuters) – U.S. private equity firm TPG Partners is out of the race to acquire a minority stake in German academic publisher Springer Science and Business Media [SPSBM.UL], two sources familiar with the process said. The exit of TPG from the process leaves EQT (EQT.N) and a consortium of Carlyle Group [CYL.UL] and Providence still […]