BERLIN (Reuters) – AXA Private Equity is preparing to make an offer for Endesa’s (ELE.MC) gas assets in Spain together with Italian investment fund F2i, the head of AXA’s infrastructure fund said on Tuesday. “We have teamed up with F2i again, they are a very strong partner who we have worked with before on Italian […]
Shackleton Equity Partners has acquired Excel Meridian Data, a Carrollton, Texas-based provider of computer data storage equipment for the education, gaming, government and video surveillance industries. No financial terms were disclosed.
LONDON (Reuters) – Private equity firm Cinven is raising a new leveraged loan to refinance its 800 million euro ($1.1 billion) all-equity purchase of French healthcare diagnostics group Sebia International, bankers close to the deal said. Banks are offering relatively high leverage of up to six times earnings before interest, tax, depreciation and amortisation (EBITDA) […]
Jackson Square Aviation has formed with a $500 million equity commitment from Oaktree Capital Management. The company is led by former Pegasus Aviation and Sky Holding executives, and will provide lease capital to passenger and cargo airlines.
HgCapital has agreed to acquire the talent management software unit of StepStone ASA. The deal is valued at €110 million, and is expected to close next month.
ILPA SHOWDOWN OF DEATH: Check out the guest list at this special meeting of the Buyout Baron Gods to throw down on terms with investors. It took place today at an unnamed New York hotel. Everyone from Glenn Hutchins to David Rubenstein to Jim Coulter was there. It's like a meeting of the five (three?) fathers (Come on, you know they do that secret society crap.) Even the Journal is calling them "The Big Guns." And on the investor side we have Joe Dear, John Breen, and Ahmed Gubash. (WSJ) Total Domination: Wall Street is taking over the world. First Carl Jr.'s, now, American Idol may now be controlled by JPMorgan's private equity arm. (DealBook)(Dealbreaker, of course, has thoughts on this.) Further Proof: Here's what else is in American Idol's parent company's stable. (Times Online) Too Big To Not Fail? Paulson's fund is out of control big. (BusinessWeek) Against Conventional Wisdom: When should a VC-backed company shop a term sheet? (Dividends and Preferences) Tom Geithner: "Just one of the girls." (Dealbreaker)
NEW YORK/LONDON (Reuters) – Private equity firms Kohlberg Kravis Roberts & Co (KKR.AS) and CVC have teamed up to bid for Interactive Data Corp (IDC.N), yet another private equity team formed in recent weeks as an auction for the financial market data provider progresses, two sources familiar with the matter said. Interactive Data said in […]
Making it through 2009 was no easy feat. A number of buyout firms that began the year on solid footing came out the other end staggering from a recession that pulled no punches. Some firms, however, not only made it through the year—they excelled. These outliers generated healthy returns in a sickly market, raised lush funds in an arid environment and/or climbed league tables when so many others were in freefall. They were the nominees and winners of this year's Buyouts Deal of the Year Awards, given by peHUB sister publication Buyouts Magazine. See them after the jump...
CKX Inc. (Nasdaq: CKXE), owner of the "American Idol" TV show franchise, confirmed that it is "engaged in discussions regarding a possible transaction involving the sale of the company." The WSJ reported on Saturday that One Equity Partners was in late-stage negotiations to buy CKX for around $6 per share, which would value the company's equity at approximately $560 million.
Madison Dearborn Capital Partners has agreed to acquire BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers. The deal is valued at $20 per share, or approximately $915 million (including assumed debt). BWAY's stock closed trading Friday at $17.35 per share. Bank of America Merrill Lynch and Deutsche Bank Securities have provided debt financing.