Reuters – CVC’s Ista Buyout Backed by Loan, Bond Package

Reuters – A debt financing of more than 2 billion euros ($2.62 billion) backing the 3.1 billion euro ($4.06 billion) purchase of German metering firm Ista by private equity firm CVC will be a mix of leveraged loans and high-yield bonds, writes Reuters. CVC trumped rival BC Partners to buy a 76 percent stake from co-owner Charterhouse last week in Germany’s largest private equity deal since 2008, writes Reuters.

Slideshow: A Look At How Mega-Funds Perform For CalSTRS

European powerhouse CVC Capital Partners takes the crown in this week’s battle of the U.S. and European mega-buyout houses, securing first place in our list of top 10 funds based on private equity performance figures from California State Teachers’ Retirement System. U.S. and European firms both account for five of the top-10 spots with The Blackstone Group coming in a close second place.

Slideshow: The Year’s Top Private Equity Deals

Last week, we discovered which private equity firm was the biggest dealmaker. Now it’s time for the largest PE deals of the year. Global PE-backed M&A totaled $267 billion so far in 2012, a 12% drop from 2011, according to preliminary data from Thomson Reuters. Private equity-backed mergers targeting the U.S. reached roughly $137 billion year-to-date, a 7% decline from 2011.

BC Partners and Carlyle to Acquire Hamilton Sundstrand Industrial

BC Partners and The Carlyle Group are to acquire Hamilton Sundstrand Industrial, a manufacturer of mission-critical pumps and compressors for the global industrial, infrastructure and energy markets, from United Technologies Corporation. The transaction is valued at $3.46 billion. PRESS RELEASE BC Partners, a leading international private equity firm, and global alternative asset manager The Carlyle […]

BC Partners and CPPIB in Suddenlink MBO

BC Partners, CPP Investment Board and management are to acquire Cequel Communications, which does business as Suddenlink Communications, for $6.6 billion. Suddenlink is a cable system operator in the US offering television, high-speed Internet and telephony services to over 1.4 million residential and commercial customers, primarily in Texas, West Virginia, North Carolina, Oklahoma, Arkansas and […]

peHUB First Read

Click on this morning’s First Read to find out more about Blackstone’s new head of PE, an energy gold rush and why America is concerned with getting fat.

Reuters – Private Equity Firms Eye Direct Line

Two private equity consortia plan to bid for Direct Line, the insurer owned by Royal Bank of Scotland, writes Reuters. Interested parties include Blackstone Group and Bain Capital and Kohlberg Kravis Roberts, Apax and BC Partners. (Reuters) – Two private equity consortia plan to bid for Direct Line, the insurer owned by Royal Bank of […]

peHUB First Read

Click on this morning’s First Read to find out everything you need to know about biotech this summer, Microsoft and NBC’s break-up and why Facebook has bought Spool.

Reuters – BC Partners sells Brenntag stake

BC Partners has started the placement of 6.9 million shares in German chemicals distributor Brenntag, writes Reuters. The share placement is organised by Goldman Sachs and Deutsche Bank. (Reuters) – Financial investor BC Partners has started the placement of 6.9 million shares in German chemicals distributor Brenntag, two people familiar with the matter told Reuters […]

Allianz Capital Attracts Buyers to Sale of Vending Machine Biz Selecta

Allianz Capital Partners has attracted a number of potential buyers in the sale of its European vending machine business Selecta, which is expected to fetch at least 700 million euros ($881 million). REUTERS: Allianz Capital Partners has attracted a number of potential buyers in the sale of its European vending machine business Selecta, which is […]

Slideshow: In Good Health

Healthcare buyouts accounted for 65% of the value of the top ten global private equity deals in 2011, according to a report by Bain & company. This top ten takes a look at who paid the highest price and for what deals.

Luxembourg-based Brachem Sells Brenntag Stake

Luxembourg-based investment firm Brachem Acquisition said on Friday it had raised 577.5 million euros ($769 million) from the sale of shares in German chemicals distributor Brenntag, Reuters reported Friday. Brachem, which holds shares in Brenntag for private equity groups BC Partners and Bain Capital as well as Goldman Sachs, said the shares were placed at […]

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