Triton set to buy Alstom’s heat exchanger unit – Reuters

German private equity group Triton looks set to buy French turbine and train maker Alstom‘s heat exchanger unit, writes Reuters. The Triton bid is seen as having an edge over a rival offer by private equity firm Bain. Private equity firm Astorg was also expected to have submitted a bid last week, writes Reuters.

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Valence Group Banker Sees Good Mix of Chemical Deals Ahead

The Valence Group’s Anton Ticktin, who’s been focused on mergers and acquisitions in the chemical sector since the late 1990s, ranks 2013’s deal prospects as bullish, with major private equity players wading in. “We have a very strong pipeline,” Ticktin said in a phone interview. “We think 2013 will remain pretty robust, maybe not at the peak of 2011, but certainly at a high level—maybe the same as 2012.”

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Carlyle-Backed HD Supply Plans to Raise $1.33B in IPO

(Reuters) – Industrial and construction supplies distributor HD Supply Holdings Inc., backed by PE firms Bain Capital, Carlyle Group and Clayton Dublier & Rice, plans to raise as much as $1.33 billion in an initial public offering.

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