Given the expectations that hospital operator HCA would file an S-1 to go public any day now, it’s a surprising development that PE owners KKR, Bain Capital and Merril Lynch Private Equity today took a $1.75 billion dividend on the company. Why add leverage to a company before shopping it to the public market? KKR […]
Hospital operator HCA today reported $7.61 billion in Q4 revenue, up 4.7% from $7.27 billion of revenue in the fourth quarter of 2008. It also announced a $1.75 billion dividend for its shareholders. The company was taken private in 2006 for around $31 billion, by Bain Capital, KKR and Merrill Lynch Private Equity.
DAVOS, Switzerland (Reuters) – Emerging markets are destined to make up a bigger share of private equity deals as buyout firms seek a larger slice of their growth, the chief executive of leading private equity investor Alpinvest said. Private equity dealmaking is starting to re-emerge after a torrid year in 2009, when falling sales and […]
Generac Holdings Inc., a Waukesha, Wis.-based maker of standby and portable generators, has set its IPO terms to 20.31 million shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $1.14 billion, were it to price at the top of its range. The company plans to […]
MILAN (Reuters) – Italy’s Amplifon (AMPF.MI) has been contacted by several private equity funds for a possible tie-up with the hearing-aid unit of Siemens (SIEGn.DE) and Germany’s Geers, a person close to the talks said. “These funds are very interested in such an operation, which would combine Siemens Audiology, which is a manufacturer, with someone […]
Vringo, a New York-based provider of video ringtone sharing solutions, has filed to raise $64.3 million via an IPO of stock and warrants. The company plans to trade on the Nasdaq, with Maxim Group serving as lead underwriter. The company reported just $36,000 in revenue for the first nine months of 2009. Shareholders include Warburg […]
TorQuest Partners has acquired the rosin and terpene resins business of Ashland Inc. (NYSE: ASH). The deal was valued at approximately $75 million. The newly-independent business will be renamed Pinova Inc.
Diamond Castle Partners has acquired Suture Express Inc. from Code Hennessy & Simmons and Linden LLC. No financial terms were disclosed. Suture Express is a Lenexa, Kansas-based distributor of sutures, endo-mechanical products and other disposable medical and surgical products.
LONDON (Reuters) – Private equity firm Warburg Pincus is to buy survival equipment maker Survitec for 280 million pounds ($456 million), marking the third British buyout deal in as many days. Warburg Pincus’s deal on Friday follows KKR’s buy of pet goods retailer Pets at Home and Advent International’s purchase of pensions consultancy Xafinity. Warburg […]
NEW YORK (Reuters) – Billionaire Ronald Burkle has offered to invest at least $50 million for a controlling stake in luxury department store Barneys New York, the Wall Street Journal reported on Thursday, citing people familiar with the situation. Burkle’s investment firm Yucaipa Cos bought a large amount of the chain’s debt late last year […]