AMSTERDAM (Reuters) - CVC Capital Partners and a consortium of Morgan Stanley (MS.N) Infrastructure, 3i Infrastructure (3IN.L) and Star Capital have made indicative offers in the 2 billion pound ($3.1 billion) auction of HSBC's (HSBA.L) rolling stock firm, several people familiar with the matter said. HSBC's (0005.HK) rail unit Evershot has a UK fleet of over 4,000 trains and its sale follows the rationale of the divestments of the other two UK train leasing companies, as banks look to raise cash by disposing assets not central to their businesses.
Douglas Dynamics Inc., a Milwaukee-based maker of snow plows and salt spreaders for light trucks, has set its IPO terms to 10 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $316 million, were it to price at the high end of its […]
Oak Hill Capital Partners has agreed to acquire ViaWest Inc., a provider of mission-critical technology infrastructure services, from Trinity Equity Investors, Goldman Sachs and Quilvest. No financial terms were disclosed.
Lone Star Funds has completed its take-private acquisition of hotel owner and operator Lodgian Inc. (NYSE: LGN) for approximately $270 million (including assumed debt). Lodgian stockholders received $2.50 per share.
Stone Point Capital and Hellman & Friedman have agreed to acquire Sedgwick Claims Management Services Inc., a Temphis, Tenn.-based provider of claims and productivity management solutions to corporate and institutional clients. The deal is valued at $1.1 billion, with sellers including Fidelity National Financial, THL Partners and Evercore Capital Partners.
OMERS Private Equity has agreed to acquire U.S. Infrastructure Corp. from Kohlberg & Co. No financial terms were disclosed. USIC is an Indianapolis-based provider of outsourced sub-surface utility locating services, and was formed in 2008 via the merger of SM&P and CLS.
(Reuters) – CKE Restaurants Inc (CKR.N) said it received a superior proposal of $12.55 per share in cash from Western Acquisition Holdings and said it will terminate a previous merger agreement with private equity firm Thomas H. Lee Partners. CKE, owner of the Hardee’s and Carl’s Jr. hamburger chains, received the new proposal on April […]
LONDON (Reuters) – Consumer goods giant Unilever Plc/NV is set to put its Italian frozen foods unit up for sale next week with private equity groups Permira and Lion Capital likely to lead the 600 million euro-plus ($839 million-plus) auction, sources close to the situation said on Monday. Permira [PERM.UL], which owns Birds Eye Iglo, […]
LONDON/DUBAI (Reuters) – Carlyle, Cinven, CVC and General Atlantic are among firms preparing binding bids for port and shipping agent Inchcape Shipping Services (ISS), people familiar with the matter said. ISS’s owner Istithmar, the investment arm of Dubai World, hopes to raise more than $700 million through the sale, people have said previously. Its debt-laden […]
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. CDC Global Services, a Shanghai unit of CDC Corp., is exploring strategic alternatives after appointing a new CEO. (Press release) GMAC has denied a report in the New York Post which stated ResCap, (Residential Capital), its mortgage unit, was for sale. Old Carco LLC, a unit of Cerberus Capital Management LP, announced that it was seeking a buyer for its 2 manufacturing plants, a manufacturer and wholesaler of cars and trucks.