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In a deal that may top $3 billion, industrial machinery maker Gardner Denver Inc. is exploring a sale and has drawn initial interest from TPG Capital, KKR, Blackstone, Bain Capital and Onex, according to an exclusive report from Reuters.
Allison Transmission Holdings has sold more shares than expected in a $600.3 million initial public offering that priced within range on Wednesday, writes Reuters. The Indianapolis-based maker of automatic transmissions for trucks, buses and military vehicles was sold by General Motors to private equity firms Carlyle and Onex in 2007 for $5.6 billion. Reuters – [...]
Allison Transmission Holdings Inc., a maker of automatic transmissions for trucks, buses and military vehicles, said it expects its initial public offering of 21.7 million shares to be priced between $22 and $24 apiece, Reuters reported Thursday. Indianapolis-based Allison Transmission — which was bought by private equity companies Carlyle and Onex from General Motors Inc [...]
Caisse de Dépôt et Placement du Québec and the Government of Singapore Investment Corp. are in the “pole position” to jointly buy AXA Private Equity, according to a report
North American investment firm Onex is increasing its commitment to Onex Partners III to $1.2 billion from $800 million. This brings the total fund size to $4.7 billion. Onex continues to be the largest investor. PRESS RELEASE Onex Corporation (“Onex”) (TSX:OCX) announced today it is increasing its commitment to Onex Partners III to $1.2 billion [...]
Buyout shop Berkshire Partners is in talks to buy Husky Injection Molding Systems in a deal that could be worth up to $2 million, Reuters reported. The company is currently owned by Canadian buyout shop Onex, and saw interest from Bain Capital and several other private equity firms in earlier stages of the auction. Onex bought Husky for nearly $1 billion in 2007.
NEW YORK, April 18 (Reuters) – Private equity firms Apollo Global Management and the Carlyle Group are interested in buying Federal-Mogul Corp., but the recent run-up in the company’s share price has made suitors skittish and a deal is far from certain, people familiar with the matter said. Several other buyout firms including Bain Capital, [...]
Private equity deals rebounded with a bang in 2010.
In fact, for the first time since 2007, buyout transactions globally are expected to hit more than $200 billion, according to Preqin.
So far there have been 2,028 PE deals this year, valued at $196.7 billion as of Dec. 20. This compares to last year when 1,530 deals raised $87.6 billion for all of 2009. This year’s totals also beat out 2008′s when there were 2,117 PE transactions, valued at $180.2 billion, according to Preqin data.
Canadian private equity firm Onex has raised C$320 million ($314 million) in an initial public offering of its high-yield debt fund, OCP Senior Credit Fund, Reuters reported. The firm sold 32 million shares at $10 apiece. The offering was handled by a syndicate co-led by CIBC World Markets and RBC Capital Markets, Reuters said.