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 […]
LONDON (Reuters) – French private equity firm PAI Partners would be ready to scale down its 5.4 billion euro ($7.94 billion) buyout fund by half, following a recent management bust-up, two sources familiar with the situation said. Any shrinking of the fund, which bought stakes in IT services company Atos Origin and building materials firm […]
LONDON (Reuters) – Private equity firm Montagu has whittled down the field of bidders for survival equipment maker Survitec to a handful of potential trade and private buyers, sources familiar with the process said. Between six and eight buyers have progressed to the second round of the auction, two sources said. Some buyers met with […]
(Reuters) – Cineworld Group Plc (CINE.L) said on Friday private equity giant Blackstone Group (BX.N) sold more than half its stake in the British cinema chain for about 62.9 million pounds ($102.8 million) in a secondary placing. The company, which operates cinema complexes throughout the UK and Ireland, said Blackstone sold 38.1 million shares in […]
TA Associates has agreed to acquire Vatterott Educational Centers Inc. from Wellspring Capital Management. No financial terms were disclosed. Vatterott is a St. Louis-based provider of career-oriented post-secondary education, with 22 U.S. campuses.
CST Industries Inc., a Kansas City-based maker of factory-coated metal storage tanks and silos, has acquired Temcor Inc. from Solis Capital Partners. No financial terms were disclosed. Temcor is a Gardena, Calif.-based maker of specialized aluminum dome structures. CST is a portfolio company of The Sterling Group.
Ruth Horowitz has joined IFC Asset Management Co. as chief administrative officer. She previously was a managing director and chief administrative officer of Lehman Brothers’ private equity business.