News and Analysis

Platte River Ventures has acquired Hetsco Inc., a Greenwood, Ind.–based provider of repair and maintenance services for brazed aluminum plate-fin heat exchangers. No financial terms were disclosed for the deal, which was done in partnership with company management.   PRESS RELEASE Platte River Ventures announced today that it acquired all of the outstanding stock of […]
NEW YORK (Reuters) – With the market for initial public offerings as tight as it’s been in years, investors are paying closer attention to how companies plan to use the proceeds. In particular, they want to see companies use at least part of the money on the company itself and not just allow partners to […]
SAN FRANCISCO (Reuters) – Nevada Chemicals Inc (NCEM.O: Quote, Profile, Research, Stock Buzz) said on Friday it has agreed to be acquired by Calypso Acquisition Corp and a fund managed by U.S. private equity firm Oaktree Capital Management for about $94 million in cash. The offer price of $13.37 per share represents a 36 percent […]
LONDON (Reuters) – Private equity firm CVC has made its biggest ever equity investment of 1.6 billlion euros ($2.29 billion), which it has used to fund its acquisition of a minority stake in German chemicals, power generation and real estate conglomerate Evonik RUHR.UL, banking sources said. The equity investment will be supplemented by a 1.2 […]
NEW YORK/LONDON (Reuters) – Ireland’s Elan Corp (ELN.I: Quote, Profile, Research, Stock Buzz) is seeking second-round bids for its drug delivery unit in an auction likely to be won by a private equity buyer rather than a rival drug firm, people familiar with the situation said. Fresh bids for Elan Drug Technologies (EDT) are due […]
TORONTO (Reuters) – Teranet Income Fund (TF_u.TO: Quote, Profile, Research, Stock Buzz) said on Friday it has formed a special committee to examine a hostile takeover bid by Borealis Infrastructure Management, worth more than more than C$2 billion ($1.9 billion). Borealis, an investment unit of OMERS, one of Canada’s largest pension plans, said on Thursday […]
LONDON, Sept 5 (Reuters) – The private equity consortium rebuffed in its bid for British publishing group Informa Plc (INF.L: Quote, Profile, Research, Stock Buzz) could return with a slightly higher offer, a source close to the situation told Reuters on Friday. The publisher of the shipping publication Lloyd’s List on Thursday rejected a reduced […]
Dufry and Hudson Group, both airport retailers backed by Advent International, have agreed to merge. PRESS RELEASE Dufry signed a merger agreement with Hudson Group, the premier travel retailer in North America, which is majority owned by private equity firm Advent International. In 2007, Hudson generated a turnover of USD 666 million and EBITDA of […]
NEP Broadcasting, a portfolio company of American Securities, has acquired certain assets and CBS contracts from National Mobile Television, a provider of remote television broadcast facilities for the sports and entertainment industries. No financial terms were disclosed. PRESS RELEASE NEP Broadcasting and National Mobile Television (NMT) announced today that NEP has acquired certain assets and […]
Advento Participacoes SA, a Brazilian provider of specialty engineering services in Brazil, has raised R$60 million (US$38.6m) from AIG Brazil Special Situations Fund II. The deal also gives AIG the option to invest an additional R$20 million.    PRESS RELEASE AIG Investments today announced a R$60 million (US $38.6 million) investment in Advento Participacoes S.A. […]

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