MADRID (Reuters) – Spanish builder ACS (ACS.MC) is set to sign a 3 billion euro ($4 billion) deal to sell part of its stake in infrastructure group Abertis (ABE.MC) to CVC Capital Partners [CVC.UL], Expansion newspaper reported. A new joint venture, in which Luxembourg-based fund CVC would hold a 60 percent stake and ACS […]
(Reuters) – Rupert Murdoch’s News Corp (NWSA.O) said on Monday it will sell a controlling stake in its three China TV channels to a private equity fund backed by Shanghai Media Group (SMG), China’s No.2 media company. The deal would see China Media Capital acquire a controlling stake in News Corp’s Xing Kong, Xing Kong […]
(Reuters)- Online content provider Demand Media Inc filed with U.S. securities regulators on Friday to raise up to $125 million in an initial public offering of its common stock. The company relies on more than 10,000 freelance contributors to churn out content on topics ranging from becoming a better photographer to making small talk. It […]
(Reuters) – The shares of Dutch chipmaker NXP Semiconductors NV NXPI.O, closed flat with their IPO price in their debut on Friday, as investors expressed reservations about the company’s debt and the cyclical semiconductor industry. The shares, which opened 7.1 percent below their IPO price, narrowed the loss over the course of the day to […]
(Reuters) – Yashili Group Co Ltd, a Chinese infant baby food maker, in which global private equity fund Carlyle Group owns a 17.3 percent stake, plans to go public later this year, the Wall Street Journal said. The initial public offering from Yashili will test investor confidence in China’s infant formula making industry, which is […]
The company known for exploiting follicle insecurities may be looking for a buyer. Earlier this week, Regis Corp., which owns the “Hair Club for Men” as well as Supercuts beauty salon, announced it was exploring strategic alternatives. Regis has tapped Peter J. Solomon Co. as its financial advisor. For the uninitiated, “exploring alternatives” or “considering strategic options” usually means a sale.
NEW YORK (Reuters) – Software maker IntraLinks Holdings Inc (IL.N) priced 11 million shares below the expected range on Thursday, according to an underwriter. The company sold 11 million shares for $13 each, raising about $143 million. It had planned to sell 11 million shares for $14 to $16 each. IntraLinks was founded to sell […]
Advent International and Bain Capital have agreed to acquire the WorldPay payment processing business of RBS. The enterprise value is up to £2.025bn including a £200m contingent consideration.RBS will retain a 19.9% stake in the newly-independent business.
Irving Place Capital has completed its acquisition of Mold-Rite Plastics Inc., a Plattsburgh, NY.-based maker of caps and jars for the drug, nutraceuticals and personal care markets. No financial terms were disclosed. Phil Yates, former CEO of Graham Packaging and an Irving Place senior advisor, has joined Mold-Rite as executive chairman.
(Reuters) – Dutch chipmaker NXP Semiconductors NV NXPI.O, the first of four big private equity-backed IPOs in the U.S. pipeline, priced shares in its stock flotation more than 28 percent below the midpoint of the expected range, according to an underwriter. The company sold 34 million shares for $14 each, raising about $476 million. It […]