Dealmakers celebrating a record year for mergers and acquisitions (M&A) that was bolstered by mega deals are pinning their hopes on a larger number of smaller deals to fuel consolidation in 2016, Reuters News reported.
Goldman Sachs Group Inc‘s private equity arm and buyout firm Thomas H. Lee Partners LP have agreed to acquire facility management company GCA Services Group Inc from Blackstone Group LP, sources told Reuters News.
Goldman Sachs Group Inc’s (GS.N) private equity arm and buyout firm Thomas H. Lee Partners LP are in talks to acquire facility management company GCA Services Group Inc from Blackstone Group Inc (BX.N), according to people familiar with the matter. Goldman’s and Thomas H. Lee’s consortium has submitted an offer that values GCA at around […]
Sycamore Partners came close to an agreement to acquire U.S. women’s apparel maker Chico’s FAS Inc late last month, but financing and valuation concerns have since weighed on the negotiations, sources told Reuters News.
Blackstone Group LP (BX.N) is exploring the sale of GCA Services Group Inc, in a deal that could value the provider of janitors and cleaners to schools and businesses at more than $1 billion, including debt, sources told Reuters News.
KKR & Co LP said on Thursday that its second-quarter earnings rose 67 percent year-on-year, reaching a quarterly record that far exceeded most analysts’ expectations, as its private equity funds appreciated far more than the wider market.
French food group Bonduelle SCA (BOND.PA) is in discussions to team up with Centerview Partners in a bid to acquire General Mills Inc’s (GIS.N) Green Giant frozen and canned vegetable business, Reuters News reported.
Thoma Bravo LLC has been speaking to some of its largest private equity investors about putting together a bid for NCR Corp (NCR.N) that could value the ATM maker at around $9 billion, including debt, sources told Reuters News.
Blackstone Group LP (BX.N), the world’s largest alternative asset manager, reported a 62 percent slump in second-quarter earnings on Thursday, yet performance fee revenue generated from selling assets surpassed many analysts’ expectations.
Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP, a source told Reuters News.
Sycamore Partners is preparing an offer for Belk Inc that could value the U.S. department store chain at between $3 bln and $3.5 bln, including debt, and become the buyout firm’s largest deal.
Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share, Reuters News reported.
Private equity firm Wind Point Partners is exploring a sale of Novolex, in a deal that could value the U.S. manufacturer of paper and plastic packaging products at around $1.75 bln, including debt, according to three people familiar with the matter.
Private equity firm Silver Lake Partners LP said on Monday it would lead a $500 million investment in Qunar Cayman Islands Ltd, the Chinese travel website controlled by the country’s internet search engine company Baidu Inc, Reuters News reported.
KKR & Co LP said it would merge some of its private equity industry teams in the United States after two more of its leaders stepped down, and as it prepares the ground for raising its next flagship North American buyout fund, Reuters News reported.
Carlyle Group LP has decided to liquidate the two mutual funds it launched last year, regulatory filings showed this week, as the private equity firm seeks other ways to gain more traction with so-called liquid alternative funds.
US LBM Holdings LLC, one of the largest building materials distributors in the United States, is exploring a sale that could value it at close to $1 billion, including debt, people familiar with the matter said on Thursday.
Blackstone Group LP, the world’s largest alternative asset manager, said on Thursday that its first-quarter profit doubled from a year ago, as strong asset sales generated by its private equity and real estate units brought in record cash.