280 Views

NBTY names Cahillane CEO

NBTY, which is backed by the Carlyle Group, said it named Steven Cahillane its CEO. Cahillane is the former President of Coca-Cola Americas and successfully integrated Coca‐Cola Enterprises’ North American bottling operations. Cahillane succeeds Jeff Nagel and begins his new role on September 8th.

NBTY to Pay $672 Mln Dividend to Shareholders, Including the Carlyle Group

Today’s large dividend news comes from NBTY, which makes vitamins and nutritional supplements. Ronkonkoma, N.Y.-based NBTY said its parent company, Alphabet Holding Co., plans to issue and sell $500 million in notes. NBTY said it expects to use proceeds from the notes, plus cash on hand, to pay a cash dividend to shareholders of about $672 million.

NBTY Deal Includes $2.4 Billion of Debt

(Reuters) – Private equity firm Carlyle Group’s $3.8 billion deal for NBTY Inc (NTY.N) is made up of $2.4 billion debt financing and the rest in equity, a source familiar with the situation said on Thursday. Of the debt financing, about $1.5 billion is in bank debt and about $900 million is bonds, or about […]

Carlyle Buying NBTY for $3.8 Billion

The Carlyle Group has agreed to acquire nutritional supplements maker NBTY Inc. (NTY.N) in a $3.8 billion leveraged buyout. NBTY stockholders would receive $55 per share, while debt financing has been committed by BofA Merrill Lynch, Barclays Capital and Credit Suisse.

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget