News and Analysis

COPENHAGEN (Reuters) – Danish ambulance service, rescue and safety group Falck said on Thursday its private equity owners were preparing an initial public offering of stock in the company. The principal shareholders are Nordic Capital Fund V and ATP Private Equity Partners. “The board is currently in the process of selecting advisers for the company’s […]
Apollo Management is nearing a deal to acquire Sandusky, Ohio-based theme park operator Cedar Fair Entertainment (NYSE: FUN), according to the Wall Street Journal. The deal would be valued at approximately $2.3 billion, including the assumption of around $1.6 billion in debt. Cedar Fair owns 11 North American theme parks, including Knott’s Berry Farm in […]
SAO PAULO (Reuters) – As Brazil emerges stronger than many other countries from the deepest global recession in decades, the time may have come for the largest private equity firms to plant roots in Latin America’s biggest economy. In the past 20 years, local firms led by GP Investments got the best deals, while global […]
Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below. Playboy Entprises, which put itself up for sale earlier this year, has seen its lead bidder, Iconix Brand Group, drop out over issues separating the brand from its other assets. AT&T Inc is looking to sell its outsourced services business in Japan, Reuters reported. The business for sale generated about $500 million in annual revenue, and was 15 percent owned by Nippon Telephone & Telegraph, one of Japan's top telecoms carriers. (Reuters) Image Entertainment Inc said it may be forced to file for Chapter 11 bankruptcy protection as it defaulted on payment under convertible note and it was exploring strategic alternatives. (Reuters) India's Reliance Communications is looking to sell its undersea fiber optic network and U.S. network businesses, hoping to raise around $3 billion in cash, three sources with direct knowledge of the matter said. (Reuters)
(Reuters) – Canada’s Fraser Papers Inc (FRPPF.PK) on Tuesday sought court approval to sell assets of its specialty papers business to Brookfield Asset Management Inc (BAM.N) (BAMa.TO) for $185 million, court papers showed. Brookfield will be the stalking horse bidder and set the floor at a bankruptcy auction, which will be open to higher and […]
Sterling Partners and CPP Pension Plan have increased their offer to acquire Canadian logistics services provider Livingston International Income Fund (TSX: LIV), from C$8 per share to C$9.50 per share. The total deal value is now around C$273 million. Sterling would hold a 60% stake following the transaction, with CPP holding the remainder.
LONDON (Reuters) – Travel reservations group Amadeus has improved the terms of a loan amendment that will clear the way towards an expected initial public offering, several sources close to the deal said on Wednesday. Existing loan lenders to the private equity-controlled firm sought sweetened terms in exchange for their support ahead of possible listing, […]
NEW YORK (Reuters) – Independent oil exploration company Cobalt International Energy Inc (CIE.N) priced shares in its initial public offering below expectations, according to an underwriter. The Houston-based company sold 63 million shares for $13.50 each and raised roughly $850.5 million. It had expected to sell shares for between $15 to $17. “Deep water drilling […]
NEW YORK (Reuters) – The latest initial public offering backed by private equity firm Blackstone Group (BX.N) priced shares below expectations on Tuesday, and sold fewer shares than anticipated, according to an underwriter. Hospital staffing company Team Health Holdings Inc priced shares at $12, each, and raised about $159.6 million. It had originally expected to […]
PHILADELPHIA (Reuters) – Creditors of bankrupt Philadelphia Newspapers LLC should not be allowed to use their secured debt in a bid for the company because that would discourage cash bidders, an attorney for the company told an appeals court on Tuesday. As the battle for control of the publisher of The Philadelphia Inquirer, Philadelphia Daily […]
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