LONDON/FRANKFURT (Reuters) – A trio of private equity firms, Advent, BC Partners and Carlyle, are set to submit bids for German cable provider Kabel Deutschland, four people familiar with the matter said. Buyouts are finding favour while market volatility undermines plans for public share sales. The business could sell for up to 5 billion euros […]
SFW Capital Partners has acquired Agdata, a provider of data and analytics to agricultural and animal health manufacturers, from Carousel Capital and its founder Verl Purdy. Purdy and Carousel owned equal stakes in the company. No pricing terms were disclosed for the deal, byt SFW Capital purchased a majority ownership with management and Purdy retaining significant minority stakes. Carousel retains a lesser minority stake. Golub Capital provided leveraged financing.
American Tire Distributors Holdings Inc., a Huntersville, N.C.-based replacement tire distributor, has filed for a $230 million IPO. It plans to trade on the NYSE under ticker symbol ATD, with BoA Merrill Lynch and Deutsche Bank Sercurities serving as co-lead underwriters. The company reports around $1.65 billion in revenue for the nine months ending Oct. […]
LONDON/PARIS (Reuters) – French care home group Medica’s 275 million euros ($375.7 million) initial public offering was finally covered after it offered investors a 19 percent price cut, sources close to the deal said. Citing the recent deterioration in market conditions, Medica announced before the share market opened on Monday that it would price the […]
LONDON (Reuters) – Private equity house Montagu has hired Morgan Stanley to plan a flotation of BSN Medical, which could value the German maker of bandages at as much as 2 billion euros ($2.7 billion), two people familiar with the matter said. Montagu had put BSN up for sale 18 months ago, but was forced […]
LONDON (Reuters) – Lloyds Banking Group (LLOY.L) is in talks with private equity firms interested in buying a controlling stake in its Integrated Finance unit, according to the Mail on Sunday. Lloyds has been widely expected to sell off the troubled unit, headed by Peter Cummings and which was part of HBOS (now part of […]
FRANKFURT, (Reuters) – Permira will hold on to its investments in fashion house Hugo Boss (BOSG_p.DE) and broadcaster ProSiebenSat1 (PSMG_p.DE), the head of the buyout firm’s German business told a magazine. “We will certainly not divest Hugo Boss. We have just invested 250 million euros in the company,” Permira executive Joerg Rockenhaeuser was quoted as […]
WILMINGTON, Del. (Reuters) – Aleris International Inc, a maker of rolled aluminum products, proposed a reorganization plan on Friday that would leave the company in the hands of the investment funds that financed its bankruptcy, according to court documents. The funds, affiliates of Oaktree Capital Management, Apollo Management and Sankaty Advisors, would backstop a sale […]
LONDON (Reuters) – Private equity firm Bridgepoint has bought forensics and scientific testing company LGC for 257 million pounds ($404 million), as private equity dealmaking comes back to life after a year in the doldrums. LGC’s forensics division works with the police and other authorities, offering toxicology, drug and paternity testing and providing scientists to […]
International Mining Machinery Holdings Ltd., a Chinese maker of coal-mining equipment, has raised HK$2.54 billion ($327 million) in a Hong Kong IPO. The stock is scheduled to begin trading on February 10. IMM was formed in 2006 by The Jordan Co., in order to acquire Jixi Coal Mining Machinery Co. and Jiamusi Coal Mining Machinery Co.