Apollo Management has raised $2 billion via a public flotation on the Euronext in Amsterdam. The New York-based firm originally planned to raise $2.5 billion, but lowered its sights to just $1.5 billion after tepid aftermarket performance of a $5 billion public vehicle from KKR. The Apollo fund is named AP Alternative Assets. Onex Corp. […]
Apax Partners and KKR might need to reconsider their possible
MTV Networks, a division of Viacom Inc. (NYSE: VIA), has agreed to acquire Atom Entertainment Inc., a San Francisco-based online provider of games, short films and video. The deal is valued at $200 million, and is expected to close later this quarter. Atom and its predecessors raised VC backing from firms like Sequoia Capital, Arts […]
Berkshire Partners has acquired a majority stake in N.E.W. Customer Service Companies Inc., a Dulles, Va.
Aramark Corp. (NYSE: RMK) has agreed to an $8.3 billion buyout led by CEO Joseph Neubauer, and including private equity firms GS Capital Partners, CCMP Capital Advisors, JPMorgan Partners, Thomas H. Lee Partners and Warburg Pincus. The deal will provide Aramark shareholders with $33.80 per share in cash, and includes the assumption of approximately $2 […]
NewMarket IT, an Austin, Texas-based provider of data erasure, remanufacturing, remarketing and recycling of personal computers, has raised $50 million in first-round funding from Catterton Partners. www.newmarketit.com Elevation Partners has acquired a minority position in Forbes Media LLC, publisher of Forbes magazine, Forbes.com and other business media properties. No financial terms were disclosed. JPMorgan Securities […]
Royal Philips Electronics (NYSE: PHG) has agreed to sell an 80.1% stake in its semiconductor business to KKR, Silver Lake Partners and AlpInvest Partners. The deal values the total unit at
Cinven and Warburg Pincus have agreed to buy Essent Kabelcom, the cable television unit of Dutch energy company Essent. The deal is valued at
Willis Stein & Partners has retained Evercore Partners and Lehman Brothers to help evaluate a possible sale of Ziff Davis Holdings, a New York-based publisher of titles like PC Magazine, eWeek and CIO Insight. Ziff Davis reported $5.7 million in EBITDA for Q2 2006, on revenue of $45.2 million. Willis Stein acquired the company in […]
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