U.S.-based Apollo Global Management (APO.N) is in exclusive talks to buy Portuguese insurance company Tranquilidade, part of the troubled web of businesses of the Espirito Santo family, for some 200 million euros ($264.6 million), a source told Reuters.
Tellermate Holdings Limited has received an undisclosed investment from Brookside Equity Partners. Headquartered in Newport, Wales, Tellermate is a provider of weight-based cash counting equipment.
Taiwan's Wei family has agreed to buy majority control of China Network Systems (CNS), the island's biggest cable TV operator, for about $2.4 billion including debt from private equity firm MBK Partners, sources told Reuters.
American Securities LLC-backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators for an initial public offering of its common shares.
Fairmount Santrol (formerly known as Fairmount Minerals), which is owned by American Securities, has filed for an IPO. The number of shares that will be sold as well as the pricing terms of the stock have yet to be set. Based in Chesterland, Ohio, Fairmount Santrol is a provider of sand-based products for oil and gas exploration and production companies.
An activist investor urged women's apparel retailer Ann Inc to sell itself, saying it could fetch as much as $2.52 billion, failing which each of the company's board members should buy back stock as a "sign of confidence," Reuters reported.
Oak Hill Capital Partners has agreed to acquire Berlin Packaging, which supplies packaging products in North America, for $1.43 billion. Oak Hill has agreed to buy the company from Investcorp. The deal, subject to closing conditions, is expected to close in the third quarter.
Audax Group has completed the sale of TriMark USA to Warburg Pincus. South Attleboro, Massachusetts-based TriMark provides equipment to the food services industry. TriMark completed six add-ons during Audax's ownership and increased revenue from $260 million to more than $1 billion since Audax first invested in 2006.
The Carlyle Group has completed the acquisition of a majority interest in the Traxys Group, a metal and minerals commodity merchant, logistics and trading firm. Carlyle made the deal along with affiliates of Louis M. Bacon, founder, chairman and chief executive officer of Moore Capital Management. Traxys' management has increased its stake in the business as part of the deal. The Carlyle-led investor group bought its stake in Traxys from Pegasus Capital Advisors, Kelso & Company and Resource Capital Funds.
Grenada's St. George’s University (SGU) was a couple of weeks ago the focus of a US$750 million control-stake transaction involving an investor group led by Canadian private equity firm Altas Partners and a fund advised by Baring Private Equity Asia. Altas partnered with OPTrust Private Markets Group in the SGU deal, which is its second since the firm's launch in 2012 by former Onex Corp managing director Andrew Sheiner. It marks an important step for an investor that has sought to blaze a new path in PE dealmaking.