Nordic Capital has acquired a 70% stake in SiC Processing AG, a German industrial recycling company, from Frog Capital and other investors. No sale price was disclosed. SiC Processing's founding family retains a 25% holding, while former lead investor Zouk Ventures retains a 5% stake.
Alpstar Capital has teamed with an undisclosed "industrial partner" to acquire Dutch cement company Cementum. No financial terms were disclosed, except that Rabobank provided debt financing.
(Reuters) – Landry’s Restaurants Inc (LNY.N) Chief Executive Tilman Fertitta’s $1.4 billion bid for the seafood restaurant operator received the support of a crucial shareholder on Sunday, the Wall Street Journal said, citing a person familiar with the matter. U.S. hedge fund Pershing Square Capital Management, which has control of just under 25 percent of […]
(Reuters) – India’s Anil Dhirubhai Ambani Group plans to sell a stake in Reliance Communications’ (RLCM.BO) telecoms tower unit to GTL Infrastructure (GTLI.BO) and a private equity investor, the Mint reported on Monday. The sale in Reliance Infratel will be through a combination of cash and stock, the paper said citing bankers, and would take […]
(Reuters) – Private equity firm CVC Capital Partners is close to agreeing a deal to buy a 30 percent stake in theme park operator Merlin Entertainments, the Financial Times reported in its Monday edition. CVC would buy the minority stake from Merlin’s existing shareholders, which include U.S private equity group Blackstone (BX.N), KIRKBI A/S, a […]
(Reuters) – Chinese retailer Red Star Furniture Group got a cash injection of 2.6 billion yuan ($381 million) from U.S. private equity firm Warburg Pincus and several other investors to help fund its expansion. Red Star, which operates 66 retail outlets in China, selling furniture and home furnishings, aims to expand the number of its […]
(Reuters) – Private equity fund MBK Partners is the sole bidder submitted a letter of intent to buy a $4 billion controlling stake in Korea Exchange Bank (004940.KS), Yonhap news agency said on Monday. Other potential bidders, including Australia’s ANZ Banking Group (ANZ.AX) and Asia-focused British bank Standard Chartered (STAN.L)(2888.HK), did not submit proposals as […]
SunTrust Financial should just face it: It may need to sell asset management unit RidgeWorth Investments to a financial buyer. The Atlanta-based bank thought it had a deal to sell portions of Ridgeworth to UK investment manager Henderson Group, but late yesterday said that talks had died (adding that it would continue to review “strategic options”).
IK Investment Partners has agreed to acquire a majority stake in Scandanavian dental care company Norwegian Colosseum Dental. No financial terms were disclosed.
KKR has agreed to acquire Intelligence Ltd., the recruitment services subsidiary of Japan's Usen Corp., for approximately $356 million.