Danaher, Blackstone in joint bid for Ashland water unit

By Larry Aragon — 4 years ago

Industrial conglomerate Danaher Corp and private equity firm Blackstone Group LP are pursuing a joint bid for chemicals manufacturer Ashland Inc’s water technologies unit, two people familiar with the matter said on Tuesday, in a deal that could top $1.5 billion, sister news service Reuters reported.

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Sycamore, Crescendo-backed Aeropostale adopts poison pill

By Larry Aragon — 4 years ago

Struggling teen clothing retailer Aeropostale Inc, which has shareholders including private equity firms Crescendo Partners and Sycamore Partners Management, has adopted a poison pill that would be triggered if a stockholder buys 10 percent of the company, sister news service Reuters reported.

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PE-backed groups vie for IMG as KKR exits

By Staff Report — 4 years ago

The buyout firms bidding for talent agency IMG Worldwide Inc have all secured partnerships with other companies in the sector after KKR & Co LP exited an auction seen fetching more than $2 billion, according to people familiar with the matter, sister news service Reuters reported.

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Apollo, THL explore Capella Healthcare buyout

By Larry Aragon — 4 years ago

Buyout firms Apollo Global Management LLC and Thomas H. Lee Partners LP are interested in buying hospital operator Capella Healthcare from its private equity owner, according to several people familiar with the matter, sister news service Reuters reported.

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Party City preparing for early 2014 IPO

By Staff Report — 4 years ago

Party City Holdings Inc, the largest U.S. party goods retailer acquired just over a year ago by buyout firm Thomas H. Lee Partners LP for $2.69 billion, is preparing for an initial public offering, according to people familiar with the matter, sister news service Reuters reported.

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BC Partners, Onex, American Securities vie for Ikaria

By Staff Report — 4 years ago

BC Partners Ltd, Onex Corp and American Securities LLC are competing for Ikaria Inc, a private equity and venture capital-backed specialty drug company that may fetch up to $2 billion, according to people familiar with the matter, sister news service Reuters reported.

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Bain Capital ends buyout talks with TI automotive

By Staff Report — 4 years ago

Private equity firm Bain Capital LLC has ended advanced talks with auto parts supplier TI Automotive Ltd over a possible buyout after failing to meet TI’s price expectations of close to $2 billion, according to people familiar with the matter, sister news service Reuters reported.

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