Germany's Commerzbank is finalizing the sale of Spanish property loans to U.S. investors for up to 3.9 billion euros ($5.4 billion), sources told Reuters, in what would be one of the biggest deals of its kind since Spain's 2008 real estate crash.
Heritage has recapitalized EPTAM Plastics. No financial terms were disclosed. Bigelow provided investment banking services to EPTAM while Crescent Capital and Bank of New Hampshire provided the debt financing. Based in Northfield, New Hampshire, EPTAM is a provider of precision machined plastic components.
GoPro Inc, which makes wearable sports cameras and accessories, filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common stock, Reuters reported.
Healthcare services-focused private equity firm Varsity Healthcare Partners has made an undisclosed investment in Dermatology Associates of Wisconsin/Forefront Dermatology and has formed as a result Forefront Management Holdings. Forefront will be based in Manitowoc, Wisconsin and provide practice management services to DAW. It will also look at additional acquisitions and growth in the dermatology space.
Australia's Treasury Wine Estates has rejected a $2.90 billion takeover offer from KKR, writes Reuters. Melbourne-based Treasury said KKR made the offer on April 16. The winemaker had planned to keep the offer secret but disclosed it after KKR approached investors directly, writes Reuters.
The Russia-China Investment Fund is making a joint investment with OJSC Far East and Baikal Region Development Fund to build the first railway bridge over the Amur River on the border between the Russia and China. The new bridge will have a capacity of up to 21 million tonnes per year.
Private equity group BC Partners is considering selling French domestic cleaning products maker Spotless Group and is looking for a price tag of between 900 million euros ($1.23 billion) to 1 billion euros, writes Reuters. Bankers Rothschild and JP Morgan are likely to be selected to conduct the sale of the Spotless Group.
Avista Capital Partners, which has suffered several executive departures this year, is looking to exit InvestorPlace.
KKR has been in talks with the Innovation Network Corporation of Japan (INCJ) for possible joint investment, Hirofumi Hirano, chief executive of KKR Japan, said at the Reuters Japan Investment Summit on Monday.
Education Growth Partners has acquired a minority stake in the Human Capital Institute. No financial terms were disclosed. Based in Cincinnati, HCI is an education and media firm serving the talent management sector.